United Rentals, Inc. $URI Shares Sold by TRUE Private Wealth Advisors

TRUE Private Wealth Advisors cut its holdings in shares of United Rentals, Inc. (NYSE:URI) by 10.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,738 shares of the construction company’s stock after selling 548 shares during the period. TRUE Private Wealth Advisors’ holdings in United Rentals were worth $3,569,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of URI. Private Advisor Group LLC grew its position in shares of United Rentals by 11.7% during the first quarter. Private Advisor Group LLC now owns 7,941 shares of the construction company’s stock worth $4,977,000 after buying an additional 832 shares in the last quarter. Kestra Private Wealth Services LLC grew its holdings in United Rentals by 7.0% during the 1st quarter. Kestra Private Wealth Services LLC now owns 1,720 shares of the construction company’s stock worth $1,078,000 after acquiring an additional 113 shares in the last quarter. Gallacher Capital Management LLC bought a new stake in shares of United Rentals in the 1st quarter worth about $221,000. Hazlett Burt & Watson Inc. bought a new position in shares of United Rentals during the first quarter worth about $142,000. Finally, HighPoint Advisor Group LLC lifted its position in shares of United Rentals by 67.5% during the first quarter. HighPoint Advisor Group LLC now owns 1,976 shares of the construction company’s stock worth $1,245,000 after purchasing an additional 796 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of NYSE:URI opened at $800.94 on Wednesday. The firm’s 50 day moving average is $925.53 and its two-hundred day moving average is $844.02. The firm has a market capitalization of $50.96 billion, a P/E ratio of 20.73, a PEG ratio of 1.97 and a beta of 1.74. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $1,021.47.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 22nd. The construction company reported $11.70 EPS for the quarter, missing the consensus estimate of $12.43 by ($0.73). United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same quarter in the prior year, the business earned $11.80 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. Analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, November 12th. United Rentals’s payout ratio is 18.42%.

Wall Street Analysts Forecast Growth

URI has been the topic of several research reports. BNP Paribas Exane upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price objective on the stock in a research note on Tuesday, September 16th. KeyCorp restated an “overweight” rating on shares of United Rentals in a research note on Friday, October 24th. Wells Fargo & Company began coverage on shares of United Rentals in a research note on Thursday, November 13th. They set an “overweight” rating and a $995.00 target price for the company. Evercore ISI restated an “outperform” rating on shares of United Rentals in a research report on Tuesday, August 19th. Finally, Argus set a $935.00 price objective on shares of United Rentals in a research report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, United Rentals currently has an average rating of “Moderate Buy” and a consensus price target of $975.61.

United Rentals Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.