North Point Portfolio Managers Corp OH Trims Holdings in United Rentals, Inc. $URI

North Point Portfolio Managers Corp OH trimmed its position in United Rentals, Inc. (NYSE:URI) by 1.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 24,267 shares of the construction company’s stock after selling 298 shares during the quarter. United Rentals makes up about 3.1% of North Point Portfolio Managers Corp OH’s portfolio, making the stock its 11th largest position. North Point Portfolio Managers Corp OH’s holdings in United Rentals were worth $18,283,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Fourth Dimension Wealth LLC purchased a new position in shares of United Rentals in the first quarter worth about $26,000. TruNorth Capital Management LLC raised its stake in shares of United Rentals by 1,266.7% in the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock worth $26,000 after purchasing an additional 38 shares during the last quarter. Flaharty Asset Management LLC purchased a new position in shares of United Rentals in the first quarter worth about $30,000. Migdal Insurance & Financial Holdings Ltd. raised 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 worth $31,000 after purchasing an additional 20 shares during the last quarter. Finally, Maseco LLP acquired a new stake in United Rentals during the second quarter worth about $32,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. BNP Paribas set a $900.00 target price on United Rentals and gave the stock a “neutral” rating in a report on Tuesday, September 16th. KeyCorp raised their target price on United Rentals from $1,075.00 to $1,120.00 and gave the stock an “overweight” rating in a report on Thursday, September 25th. Morgan Stanley raised their target price on United Rentals from $702.00 to $955.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. UBS Group raised their target price on United Rentals from $780.00 to $835.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. raised their target price on United Rentals from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Monday, September 22nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, United Rentals has an average rating of “Moderate Buy” and an average price target of $956.13.

United Rentals Stock Performance

NYSE URI opened at $979.96 on Monday. The company has a market cap of $63.05 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 2.26 and a beta of 1.73. The stock’s 50 day simple moving average is $950.90 and its 200-day simple moving average is $799.56. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing the consensus estimate of $10.54 by ($0.07). The firm 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 business’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business earned $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

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

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.