United Rentals, Inc. $URI Shares Sold by Mattson Financial Services LLC

Mattson Financial Services LLC decreased its holdings in shares of United Rentals, Inc. (NYSE:URI) by 1.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 4,109 shares of the construction company’s stock after selling 47 shares during the period. Mattson Financial Services LLC’s holdings in United Rentals were worth $3,096,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in URI. GAMMA Investing LLC boosted its holdings in shares of United Rentals by 24.1% during the first quarter. GAMMA Investing LLC now owns 1,416 shares of the construction company’s stock worth $887,000 after purchasing an additional 275 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of 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 during the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in shares of United Rentals during the first quarter worth $602,000. Janney Montgomery Scott LLC boosted its holdings in shares of United Rentals by 10.3% during the first quarter. Janney Montgomery Scott LLC now owns 28,894 shares of the construction company’s stock worth $18,108,000 after purchasing an additional 2,702 shares during the last quarter. Finally, Sagespring Wealth Partners LLC boosted its holdings in shares of United Rentals by 13.4% during the first quarter. Sagespring Wealth Partners LLC now owns 532 shares of the construction company’s stock worth $333,000 after purchasing an additional 63 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analyst Ratings Changes

URI has been the topic of several analyst reports. Morgan Stanley raised their price objective on United Rentals from $702.00 to $955.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Sanford C. Bernstein set a $1,128.00 price objective on United Rentals and gave the stock an “outperform” rating in a report on Tuesday, September 23rd. Bank of America raised their price objective on United Rentals from $895.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. BNP Paribas set a $900.00 target price on United Rentals and gave the company a “neutral” rating in a report on Tuesday, September 16th. Finally, Barclays lifted their target price on United Rentals from $565.00 to $620.00 and gave the company an “underweight” rating in a report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $956.13.

United Rentals Price Performance

Shares of United Rentals stock opened at $1,005.61 on Friday. 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 capitalization of $64.70 billion, a P/E ratio of 26.00, a PEG ratio of 2.35 and a beta of 1.73. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. The business’s fifty day moving average price is $948.48 and its 200 day moving average price is $794.67.

United Rentals (NYSE:URI) last issued its 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 firm 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%. United Rentals’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, August 13th. United Rentals’s payout ratio is currently 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.