United Rentals, Inc. $URI Shares Sold by Factorial Partners LLC

Factorial Partners LLC trimmed its holdings in United Rentals, Inc. (NYSE:URI) by 2.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 9,800 shares of the construction company’s stock after selling 200 shares during the quarter. United Rentals makes up 5.3% of Factorial Partners LLC’s investment portfolio, making the stock its largest position. Factorial Partners LLC’s holdings in United Rentals were worth $7,383,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of United Rentals during the 2nd quarter worth approximately $298,000. Vise Technologies Inc. bought a new position in United Rentals in the second quarter worth $7,514,000. Access Investment Management LLC acquired a new stake in United Rentals during the second quarter worth $24,021,000. Vaughan Nelson Investment Management L.P. bought a new stake in United Rentals in the 2nd quarter valued at $152,069,000. Finally, Roundview Capital LLC raised its stake in shares of United Rentals by 9.2% in the 2nd quarter. Roundview Capital LLC now owns 5,909 shares of the construction company’s stock valued at $4,452,000 after buying an additional 496 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of URI stock opened at $806.99 on Tuesday. The firm has a market cap of $51.35 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 1.97 and a beta of 1.73. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $1,021.47. 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 stock has a 50-day moving average price of $928.42 and a 200 day moving average price of $843.08.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.43 by ($0.73). The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.16 billion. United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the business posted $11.80 EPS. United Rentals has set its FY 2025 guidance at EPS. Research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 12th. United Rentals’s payout ratio is currently 18.42%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on URI. Bank of America lifted their target price on shares of United Rentals from $895.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Morgan Stanley lifted their price objective on United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Evercore ISI reiterated an “outperform” rating on shares of United Rentals in a research note on Tuesday, August 19th. 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 research report on Monday, September 22nd. Finally, Citigroup reiterated a “buy” rating on shares of United Rentals in a research report on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, United Rentals presently has an average rating of “Moderate Buy” and an average target price of $975.61.

United Rentals 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.