United Rentals, Inc. $URI Shares Sold by Promethium Advisors LLC

Promethium Advisors LLC lessened its stake in shares of United Rentals, Inc. (NYSE:URI) by 39.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 380 shares of the construction company’s stock after selling 247 shares during the quarter. Promethium Advisors LLC’s holdings in United Rentals were worth $238,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fourth Dimension Wealth LLC purchased a new position in shares of United Rentals during the 1st quarter worth approximately $26,000. TruNorth Capital Management LLC boosted its position 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 buying an additional 38 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of United Rentals by 69.0% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock valued at $31,000 after buying an additional 20 shares in the last quarter. Grove Bank & Trust acquired a new stake in shares of United Rentals in the first quarter valued at $36,000. Finally, NBC Securities Inc. purchased a new stake in shares of United Rentals in the 1st quarter valued at $40,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Stock Performance

Shares of URI stock opened at $957.78 on Tuesday. The company has a market cap of $61.62 billion, a P/E ratio of 24.77, a PEG ratio of 2.21 and a beta of 1.72. The firm has a fifty day moving average price of $851.57 and a 200 day moving average price of $722.18. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $961.16.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing analysts’ consensus estimates of $10.54 by ($0.07). The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. Sell-side analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on URI. UBS Group increased their price target on shares of United Rentals from $780.00 to $835.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. upped their target price on shares of United Rentals from $920.00 to $950.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Citigroup reissued a “buy” rating and issued a $810.00 price target (up previously from $740.00) on shares of United Rentals in a research report on Tuesday, June 24th. Argus set a $935.00 price objective on United Rentals in a research note on Tuesday, August 12th. Finally, KeyCorp lifted their target price on United Rentals from $960.00 to $1,075.00 and gave the company an “overweight” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and a consensus target price of $842.86.

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.