United Rentals, Inc. $URI Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. reduced its stake in United Rentals, Inc. (NYSE:URI) by 5.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 11,254 shares of the construction company’s stock after selling 707 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in United Rentals were worth $8,479,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Fourth Dimension Wealth LLC acquired a new stake in United Rentals during the 1st quarter worth approximately $26,000. TruNorth Capital Management LLC lifted its holdings in United Rentals by 1,266.7% during the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock worth $26,000 after buying an additional 38 shares in the last quarter. Flaharty Asset Management LLC acquired a new stake in United Rentals during the 1st quarter worth approximately $30,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in United Rentals by 69.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock worth $31,000 after buying an additional 20 shares in the last quarter. Finally, Maseco LLP acquired a new stake in United Rentals during the 2nd quarter worth approximately $32,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Trading Down 2.6%

NYSE URI opened at $979.96 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80. The firm’s fifty day moving average price is $950.90 and its 200 day moving average price is $797.07. The company has a market capitalization of $63.05 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 2.32 and a beta of 1.73. 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 posted its earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing analysts’ consensus estimates of $10.54 by ($0.07). The company had revenue of $3.94 billion during 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 company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the business earned $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals’s dividend payout ratio (DPR) is 18.52%.

Analyst Ratings Changes

URI has been the topic of a number of research reports. Argus set a $935.00 target price on shares of United Rentals in a report on Tuesday, August 12th. Citigroup increased their price objective on shares of United Rentals from $1,000.00 to $1,080.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Sanford C. Bernstein set a $1,128.00 price objective on shares of United Rentals and gave the company an “outperform” rating in a research report on Tuesday, September 23rd. Bank of America increased their price objective 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. Finally, Truist Financial increased their price objective on shares of United Rentals from $952.00 to $1,194.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eleven 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, United Rentals presently has a consensus rating of “Moderate Buy” and a consensus price target of $956.13.

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.