United Rentals, Inc. $URI Stake Decreased by Eukles Asset Management

Eukles Asset Management lowered its position in United Rentals, Inc. (NYSE:URI) by 4.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,827 shares of the construction company’s stock after selling 389 shares during the period. United Rentals accounts for about 2.7% of Eukles Asset Management’s investment portfolio, making the stock its 7th largest holding. Eukles Asset Management’s holdings in United Rentals were worth $6,650,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. OneDigital Investment Advisors LLC lifted its position in United Rentals by 46.9% during the first quarter. OneDigital Investment Advisors LLC now owns 1,009 shares of the construction company’s stock valued at $632,000 after buying an additional 322 shares during the period. Concurrent Investment Advisors LLC grew its position in shares of United Rentals by 12.0% in the 1st quarter. Concurrent Investment Advisors LLC now owns 503 shares of the construction company’s stock worth $315,000 after buying an additional 54 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of United Rentals by 16.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 145,216 shares of the construction company’s stock worth $91,007,000 after acquiring an additional 20,053 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in United Rentals by 40.8% during the 1st quarter. Crossmark Global Holdings Inc. now owns 2,931 shares of the construction company’s stock valued at $1,837,000 after acquiring an additional 850 shares during the period. Finally, Stratos Wealth Advisors LLC boosted its stake in United Rentals by 6.5% during the first quarter. Stratos Wealth Advisors LLC now owns 684 shares of the construction company’s stock worth $429,000 after acquiring an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on URI. Evercore ISI reaffirmed an “outperform” rating on shares of United Rentals in a research note on Tuesday, August 19th. Argus set a $935.00 price objective on United Rentals in a research report on Tuesday, August 12th. BNP Paribas Exane raised United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 target price on the stock in a report on Tuesday, September 16th. Sanford C. Bernstein set a $1,128.00 target price on United Rentals and gave the stock an “outperform” rating in a research note on Tuesday, September 23rd. Finally, Royal Bank Of Canada set a $1,123.00 price target on United Rentals in a report on Friday, October 24th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued 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 stock presently has a consensus rating of “Moderate Buy” and an average target price of $974.47.

United Rentals Price Performance

NYSE URI opened at $845.34 on Friday. United Rentals, Inc. has a one year low of $525.91 and a one year high of $1,021.47. The stock has a 50-day moving average of $945.01 and a 200 day moving average of $828.93. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90. The company has a market capitalization of $53.79 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 1.97 and a beta of 1.73.

United Rentals (NYSE:URI) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $4.16 billion. During the same period in the previous year, the business earned $11.80 EPS. The business’s revenue was up 5.9% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

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

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.