United Rentals, Inc. $URI Shares Sold by Wedbush Securities Inc.

Wedbush Securities Inc. lowered its holdings in United Rentals, Inc. (NYSE:URI) by 9.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,707 shares of the construction company’s stock after selling 172 shares during the quarter. Wedbush Securities Inc.’s holdings in United Rentals were worth $1,286,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Cornerstone Investment Partners LLC grew its holdings in shares of United Rentals by 1.8% during the 2nd quarter. Cornerstone Investment Partners LLC now owns 79,579 shares of the construction company’s stock worth $59,955,000 after purchasing an additional 1,416 shares during the period. Vestmark Advisory Solutions Inc. purchased a new stake in United Rentals in the 2nd quarter valued at about $1,903,000. Sterling Capital Management LLC lifted its position in United Rentals by 17.9% in the second quarter. Sterling Capital Management LLC now owns 15,930 shares of the construction company’s stock valued at $12,002,000 after buying an additional 2,423 shares during the last quarter. Texas Yale Capital Corp. boosted its stake in United Rentals by 1.1% during the second quarter. Texas Yale Capital Corp. now owns 8,672 shares of the construction company’s stock worth $6,533,000 after buying an additional 94 shares during the period. Finally, Twin Capital Management Inc. boosted its stake in United Rentals by 5.9% during the second quarter. Twin Capital Management Inc. now owns 593 shares of the construction company’s stock worth $447,000 after buying an additional 33 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Stock Up 0.1%

United Rentals stock opened at $846.21 on Monday. The firm has a market capitalization of $53.84 billion, a P/E ratio of 21.76, a P/E/G ratio of 1.97 and a beta of 1.73. 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 twelve month low of $525.91 and a twelve month high of $1,021.47. The stock’s fifty day simple moving average is $942.78 and its 200-day simple moving average is $834.34.

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

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be given a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals’s payout ratio is currently 18.42%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on URI shares. Argus set a $935.00 price target on shares of United Rentals in a research note on Tuesday, August 12th. Citigroup reiterated a “buy” rating on shares of United Rentals in a report on Thursday, October 23rd. Baird R W raised United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Bank of America upped their price target on United Rentals from $895.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Finally, Morgan Stanley lifted their price objective on United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $974.47.

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.