Sterling Capital Management LLC Has $12 Million Stock Holdings in United Rentals, Inc. $URI

Sterling Capital Management LLC increased its stake in shares of United Rentals, Inc. (NYSE:URI) by 17.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 15,930 shares of the construction company’s stock after acquiring an additional 2,423 shares during the quarter. Sterling Capital Management LLC’s holdings in United Rentals were worth $12,002,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. TruNorth Capital Management LLC boosted 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 acquiring an additional 38 shares during the period. Flaharty Asset Management LLC acquired a new stake in United Rentals during the 1st quarter worth approximately $30,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in United Rentals by 69.0% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock valued at $31,000 after purchasing an additional 20 shares during the period. Maseco LLP acquired a new position in United Rentals in the 2nd quarter valued at $32,000. Finally, Trust Co. of Toledo NA OH bought a new position in United Rentals during the 2nd quarter worth $38,000. 96.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on URI. Truist Financial set a $1,169.00 target price on United Rentals in a report on Friday, October 24th. Robert W. Baird raised United Rentals from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $888.00 to $1,050.00 in a research note on Wednesday, October 1st. Evercore ISI reaffirmed an “outperform” rating on shares of United Rentals in a research report on Tuesday, August 19th. Citigroup reissued a “buy” rating on shares of United Rentals in a report on Thursday, October 23rd. Finally, Bank of America boosted their target price on shares of United Rentals from $895.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, United Rentals has an average rating of “Moderate Buy” and an average price target of $974.47.

United Rentals Stock Up 0.1%

Shares of NYSE URI opened at $845.34 on Friday. The company has a market cap of $53.79 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 1.97 and a beta of 1.73. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $1,021.47. The stock has a 50-day moving average price of $945.01 and a two-hundred day moving average price of $828.93.

United Rentals (NYSE:URI) last announced 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). The company had revenue of $4.23 billion for 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 company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the firm posted $11.80 earnings per share. United Rentals has set its FY 2025 guidance at EPS. As a group, analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, November 12th. United Rentals’s dividend payout ratio is presently 18.42%.

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.