United Rentals, Inc. $URI Shares Sold by Brookwood Investment Group LLC

Brookwood Investment Group LLC decreased its position in United Rentals, Inc. (NYSE:URI) by 52.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,227 shares of the construction company’s stock after selling 2,505 shares during the quarter. Brookwood Investment Group LLC’s holdings in United Rentals were worth $1,678,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in URI. GAMMA Investing LLC raised its holdings in United Rentals by 24.1% in the first quarter. GAMMA Investing LLC now owns 1,416 shares of the construction company’s stock valued at $887,000 after acquiring an additional 275 shares in the last quarter. Western Wealth Management LLC raised its holdings in United Rentals by 10.9% in the first quarter. Western Wealth Management LLC now owns 467 shares of the construction company’s stock valued at $292,000 after acquiring an additional 46 shares in the last quarter. Perpetual Ltd acquired a new stake in United Rentals in the first quarter valued at approximately $241,000. Achmea Investment Management B.V. raised its holdings in United Rentals by 47.6% in the first quarter. Achmea Investment Management B.V. now owns 2,431 shares of the construction company’s stock valued at $1,523,000 after acquiring an additional 784 shares in the last quarter. Finally, Confluence Wealth Services Inc. acquired a new stake in United Rentals in the first quarter valued at approximately $355,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Stock Performance

Shares of URI opened at $914.17 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40. The firm has a market cap of $58.17 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 2.05 and a beta of 1.73. The company’s 50 day simple moving average is $956.27 and its 200-day simple moving average is $813.43. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $1,021.47.

United Rentals (NYSE:URI) last announced 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). The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.16 billion. United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $11.80 earnings per share. United Rentals has set its FY 2025 guidance at EPS. As a group, equities analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The firm also recently announced 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 is Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is 18.42%.

Analysts Set New Price Targets

URI has been the topic of several analyst reports. JPMorgan Chase & Co. raised their target price on shares of United Rentals from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a report on Monday, September 22nd. BNP Paribas set a $900.00 price objective on shares of United Rentals and gave the stock a “neutral” rating in a report on Tuesday, September 16th. UBS Group raised their price objective on shares of United Rentals from $780.00 to $835.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of United Rentals in a report on Friday. Finally, Argus set a $935.00 price objective on shares of United Rentals in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, United Rentals currently has a consensus rating of “Moderate Buy” and an average target price of $963.29.

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.