Confluence Wealth Services Inc. Cuts Position in United Rentals, Inc. $URI

Confluence Wealth Services Inc. trimmed its holdings in shares of United Rentals, Inc. (NYSE:URI) by 15.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 508 shares of the construction company’s stock after selling 94 shares during the quarter. Confluence Wealth Services Inc.’s holdings in United Rentals were worth $383,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Fourth Dimension Wealth LLC acquired a new position in shares of United Rentals during the 1st quarter valued at $26,000. TruNorth Capital Management LLC boosted its position in shares of United Rentals by 1,266.7% in the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock worth $26,000 after buying an additional 38 shares during the period. Flaharty Asset Management LLC acquired a new stake in shares of United Rentals in the first quarter valued at about $30,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of United Rentals by 69.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock valued at $31,000 after buying an additional 20 shares during the period. Finally, Maseco LLP purchased a new stake in shares of United Rentals during the 2nd quarter valued at about $32,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on URI. Evercore ISI reaffirmed an “outperform” rating on shares of United Rentals in a research report on Tuesday, August 19th. Robert W. Baird raised shares of United Rentals from a “neutral” rating to an “outperform” rating and raised their price target for the company from $888.00 to $1,050.00 in a report on Wednesday, October 1st. Bank of America lifted their price target on shares of United Rentals from $895.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. BNP Paribas set a $900.00 price objective on shares of United Rentals and gave the company a “neutral” rating in a research report on Tuesday, September 16th. Finally, Citigroup lifted their target price on United Rentals from $1,000.00 to $1,080.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $941.00.

United Rentals Price Performance

Shares of URI stock opened at $986.21 on Tuesday. The firm has a fifty day moving average of $929.39 and a two-hundred day moving average of $777.32. The firm has a market cap of $63.45 billion, a P/E ratio of 25.50, a P/E/G ratio of 2.27 and a beta of 1.73. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $997.50. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing the consensus estimate of $10.54 by ($0.07). The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the business posted $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals’s payout ratio is currently 18.52%.

About United Rentals

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.