Focus Partners Advisor Solutions LLC Reduces Stake in United Rentals, Inc. $URI

Focus Partners Advisor Solutions LLC lowered its holdings in United Rentals, Inc. (NYSE:URI) by 35.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 551 shares of the construction company’s stock after selling 303 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in United Rentals were worth $415,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of URI. TruNorth Capital Management LLC grew its holdings in shares of United Rentals by 1,266.7% during the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock worth $26,000 after purchasing an additional 38 shares in the last quarter. Flaharty Asset Management LLC purchased a new position in shares of United Rentals during the first quarter worth about $30,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of United Rentals by 69.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock worth $31,000 after purchasing an additional 20 shares in the last quarter. Maseco LLP purchased a new position in shares of United Rentals during the second quarter worth about $32,000. Finally, Trust Co. of Toledo NA OH purchased a new position in shares of United Rentals during the second quarter worth about $38,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

URI opened at $859.13 on Friday. The stock’s 50 day simple moving average is $953.97 and its 200 day simple moving average is $819.82. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,021.47. The firm has a market cap of $54.67 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 1.97 and a beta of 1.73.

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

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, November 12th. United Rentals’s dividend payout ratio (DPR) is presently 18.42%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Sanford C. Bernstein set a $1,128.00 price objective on United Rentals and gave the stock an “outperform” rating in a report on Tuesday, September 23rd. Morgan Stanley boosted their price objective on United Rentals from $702.00 to $955.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Evercore ISI reissued an “outperform” rating on shares of United Rentals in a report on Tuesday, August 19th. Barclays decreased their price objective on United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a report on Monday, October 20th. Finally, BNP Paribas Exane raised United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price objective on the stock in a report on Tuesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $974.47.

United Rentals Company 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.