Daymark Wealth Partners LLC Reduces Holdings in United Rentals, Inc. $URI

Daymark Wealth Partners LLC lessened its position in shares of United Rentals, Inc. (NYSE:URI) by 57.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 627 shares of the construction company’s stock after selling 864 shares during the period. Daymark Wealth Partners LLC’s holdings in United Rentals were worth $472,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in URI. Nuveen LLC purchased a new position in shares of United Rentals during the 1st quarter valued at $402,291,000. JPMorgan Chase & Co. lifted its position in shares of United Rentals by 98.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company’s stock valued at $685,488,000 after buying an additional 541,579 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of United Rentals during the 2nd quarter valued at $152,069,000. The Manufacturers Life Insurance Company lifted its position in shares of United Rentals by 28.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company’s stock valued at $532,561,000 after buying an additional 190,007 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of United Rentals by 4,436.8% during the 2nd quarter. Bessemer Group Inc. now owns 163,552 shares of the construction company’s stock valued at $123,221,000 after buying an additional 159,947 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on URI shares. Robert W. Baird raised shares of United Rentals from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $888.00 to $1,050.00 in a report on Wednesday, October 1st. Royal Bank Of Canada set a $1,123.00 price objective on United Rentals in a report on Friday, October 24th. Baird R W raised United Rentals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. BNP Paribas set a $900.00 price objective on United Rentals and gave the stock a “neutral” rating in a report on Tuesday, September 16th. Finally, Evercore ISI reissued an “outperform” rating on shares of United Rentals in a report on Tuesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and a consensus price target of $974.47.

United Rentals Stock Performance

NYSE:URI opened at $859.13 on Friday. The business’s 50-day moving average price is $953.97 and its two-hundred day moving average price is $819.82. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $1,021.47. The stock has a market cap of $54.67 billion, a P/E ratio of 22.10, a PEG 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 (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). United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.16 billion. During the same period in the previous year, the business earned $11.80 EPS. The business’s revenue was up 5.9% on a year-over-year basis. 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 fiscal year.

United Rentals Announces Dividend

The firm 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. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. United Rentals’s dividend payout ratio (DPR) 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.