United Rentals, Inc. $URI Stock Holdings Decreased by Mcrae Capital Management Inc.

Mcrae Capital Management Inc. lowered its position in shares of United Rentals, Inc. (NYSE:URI) by 1.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,282 shares of the construction company’s stock after selling 200 shares during the quarter. United Rentals comprises 2.7% of Mcrae Capital Management Inc.’s portfolio, making the stock its 17th largest position. Mcrae Capital Management Inc.’s holdings in United Rentals were worth $13,021,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in URI. Vanguard Group Inc. boosted its holdings in shares of United Rentals by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 7,422,036 shares of the construction company’s stock valued at $4,651,390,000 after buying an additional 29,501 shares during the period. JPMorgan Chase & Co. lifted its holdings in United Rentals by 98.1% in the first quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company’s stock worth $685,488,000 after acquiring an additional 541,579 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in United Rentals by 28.8% in the first quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company’s stock worth $532,561,000 after acquiring an additional 190,007 shares during the last quarter. Nordea Investment Management AB boosted its stake in United Rentals by 6.4% in the second quarter. Nordea Investment Management AB now owns 749,276 shares of the construction company’s stock valued at $565,374,000 after acquiring an additional 44,854 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of United Rentals by 22.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company’s stock worth $414,406,000 after purchasing an additional 120,449 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Stock Performance

URI opened at $845.34 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.40. The firm has a market cap of $53.79 billion, a PE ratio of 21.74, a P/E/G ratio of 1.97 and a beta of 1.73. The business has a fifty day simple moving average of $945.01 and a 200-day simple moving average of $828.93. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,021.47.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 22nd. The construction company reported $11.70 EPS for the quarter, missing the consensus estimate of $12.43 by ($0.73). United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same quarter in the previous year, the business earned $11.80 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be given a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is presently 18.42%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on URI. Weiss Ratings reissued a “hold (c+)” rating on shares of United Rentals in a report on Wednesday, October 8th. Morgan Stanley boosted their target price on shares of United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Sanford C. Bernstein set a $1,128.00 price target on shares of United Rentals and gave the company an “outperform” rating in a research note on Tuesday, September 23rd. Barclays cut their price target on United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a report on Monday, October 20th. Finally, 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. Two equities research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $974.47.

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.