K.J. Harrison & Partners Inc Has $2.34 Million Stake in United Rentals, Inc. $URI

K.J. Harrison & Partners Inc reduced its holdings in United Rentals, Inc. (NYSE:URI) by 24.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 3,100 shares of the construction company’s stock after selling 1,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in United Rentals were worth $2,336,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in URI. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of United Rentals during the 2nd quarter valued at $298,000. Roundview Capital LLC increased its position in shares of United Rentals by 9.2% in the 2nd quarter. Roundview Capital LLC now owns 5,909 shares of the construction company’s stock valued at $4,452,000 after buying an additional 496 shares in the last quarter. Callahan Advisors LLC increased its position in shares of United Rentals by 2.3% in the 2nd quarter. Callahan Advisors LLC now owns 11,584 shares of the construction company’s stock valued at $8,727,000 after buying an additional 264 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of United Rentals by 6.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 20,362 shares of the construction company’s stock valued at $15,341,000 after buying an additional 1,263 shares in the last quarter. Finally, First Citizens Bank & Trust Co. boosted its stake in United Rentals by 119.7% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 1,428 shares of the construction company’s stock worth $1,076,000 after purchasing an additional 778 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Bank of America increased their price objective 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. Royal Bank Of Canada set a $1,123.00 price objective on shares of United Rentals in a research note on Friday, October 24th. Truist Financial set a $1,169.00 price objective on shares of United Rentals in a research note on Friday, October 24th. Weiss Ratings restated a “hold (c+)” rating on shares of United Rentals in a research note on Wednesday, October 8th. Finally, Morgan Stanley increased their price objective on shares of United Rentals from $702.00 to $955.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $974.47.

United Rentals Stock Up 1.6%

United Rentals stock opened at $873.07 on Monday. The stock has a market cap of $55.55 billion, a P/E ratio of 22.46, a P/E/G ratio of 1.97 and a beta of 1.73. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.40. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $1,021.47. The company’s 50-day moving average price is $952.84 and its two-hundred day moving average price is $824.99.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing the consensus estimate of $12.43 by ($0.73). The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.16 billion. United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $11.80 earnings per share. United Rentals has set its FY 2025 guidance at EPS. As a group, analysts expect 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 will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be issued a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 12th. United Rentals’s dividend payout ratio is currently 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.