Mitchell Mcleod Pugh & Williams Inc. Decreases Stake in United Rentals, Inc. $URI

Mitchell Mcleod Pugh & Williams Inc. cut its holdings in United Rentals, Inc. (NYSE:URI) by 44.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 525 shares of the construction company’s stock after selling 420 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in United Rentals were worth $396,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Dynamic Advisor Solutions LLC purchased a new stake in United Rentals during the first quarter worth $602,000. Roundview Capital LLC boosted its position in United Rentals by 9.2% during the second quarter. Roundview Capital LLC now owns 5,909 shares of the construction company’s stock worth $4,452,000 after purchasing an additional 496 shares in the last quarter. Ascent Group LLC purchased a new stake in United Rentals during the second quarter worth $221,000. Wealth Enhancement Advisory Services LLC boosted its position in United Rentals by 12.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,160 shares of the construction company’s stock worth $4,488,000 after purchasing an additional 789 shares in the last quarter. Finally, Brookwood Investment Group LLC purchased a new stake in United Rentals during the first quarter worth $2,966,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Truist Financial boosted their target price on United Rentals from $952.00 to $1,194.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Robert W. Baird upgraded United Rentals from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $888.00 to $1,050.00 in a research report on Wednesday, October 1st. Evercore ISI restated an “outperform” rating on shares of United Rentals in a research report on Tuesday, August 19th. BNP Paribas set a $900.00 price objective on United Rentals and gave the company a “neutral” rating in a research report on Tuesday, September 16th. Finally, Argus set a $935.00 price objective on United Rentals in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $956.13.

United Rentals Stock Performance

United Rentals stock opened at $1,019.62 on Thursday. The firm has a market capitalization of $65.60 billion, a P/E ratio of 26.37, a PEG ratio of 2.31 and a beta of 1.73. The stock has a fifty day moving average price of $945.47 and a 200 day moving average price of $792.05. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $1,021.36. 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 (NYSE:URI) last released its earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing the consensus estimate 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 business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. Equities research analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

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

United Rentals Company 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.