Smithbridge Asset Management Inc. DE Has $10.89 Million Stock Holdings in United Rentals, Inc. $URI

Smithbridge Asset Management Inc. DE lowered its stake in United Rentals, Inc. (NYSE:URI) by 5.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,454 shares of the construction company’s stock after selling 801 shares during the period. United Rentals accounts for 1.9% of Smithbridge Asset Management Inc. DE’s portfolio, making the stock its 13th largest position. Smithbridge Asset Management Inc. DE’s holdings in United Rentals were worth $10,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Dynamic Advisor Solutions LLC bought a new stake in United Rentals in the 1st quarter valued at $602,000. Roundview Capital LLC grew its position in shares of United Rentals by 9.2% during the 2nd quarter. Roundview Capital LLC now owns 5,909 shares of the construction company’s stock worth $4,452,000 after purchasing an additional 496 shares in the last quarter. Callahan Advisors LLC lifted its holdings in shares of United Rentals by 2.3% during the 2nd quarter. Callahan Advisors LLC now owns 11,584 shares of the construction company’s stock worth $8,727,000 after acquiring an additional 264 shares during the period. Ascent Group LLC bought a new position in United Rentals in the 2nd quarter valued at approximately $221,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in United Rentals by 12.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,160 shares of the construction company’s stock valued at $4,488,000 after purchasing an additional 789 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

URI has been the subject of several analyst reports. Evercore ISI reaffirmed an “outperform” rating on shares of United Rentals in a research note on Tuesday, August 19th. Citigroup raised their price target on shares of United Rentals from $1,000.00 to $1,080.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Barclays raised their price target on shares of United Rentals from $565.00 to $620.00 and gave the company an “underweight” rating in a research report on Monday, July 21st. UBS Group lifted their target price on shares of United Rentals from $780.00 to $835.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Finally, Sanford C. Bernstein set a $1,128.00 price target on shares of United Rentals and gave the stock an “outperform” rating in a research note on Tuesday, September 23rd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $956.13.

United Rentals Stock Performance

URI opened at $1,005.61 on Friday. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $1,021.47. The company’s 50 day moving average is $948.48 and its 200 day moving average is $794.67. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. The company has a market cap of $64.70 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 2.35 and a beta of 1.73.

United Rentals (NYSE:URI) last released 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 firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. On average, equities research analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 0.7%. The ex-dividend date 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.