SlateStone Wealth LLC Buys 284 Shares of United Rentals, Inc. $URI

SlateStone Wealth LLC lifted its position in United Rentals, Inc. (NYSE:URI) by 4.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,371 shares of the construction company’s stock after purchasing an additional 284 shares during the quarter. SlateStone Wealth LLC’s holdings in United Rentals were worth $4,800,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of URI. Columbia Bank increased its stake in shares of United Rentals by 1.4% in the 2nd quarter. Columbia Bank now owns 3,445 shares of the construction company’s stock valued at $2,727,000 after buying an additional 47 shares during the period. Laurel Wealth Advisors LLC boosted its stake in United Rentals by 75,240.0% in the second quarter. Laurel Wealth Advisors LLC now owns 30,136 shares of the construction company’s stock valued at $22,704,000 after acquiring an additional 30,096 shares during the last quarter. Insigneo Advisory Services LLC acquired a new position in shares of United Rentals in the 2nd quarter valued at $304,000. CreativeOne Wealth LLC lifted its stake in United Rentals by 0.5% in the second quarter. CreativeOne Wealth LLC now owns 2,283 shares of the construction company’s stock valued at $1,720,000 after buying an additional 11 shares during the period. Finally, Horizon Kinetics Asset Management LLC grew its position in shares of United Rentals by 89.0% during the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 756 shares of the construction company’s stock worth $570,000 after buying an additional 356 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Up 1.5%

Shares of NYSE:URI opened at $812.10 on Tuesday. The firm has a market cap of $51.67 billion, a P/E ratio of 20.89, a P/E/G ratio of 1.97 and a beta of 1.73. The business has a fifty day simple moving average of $913.25 and a 200 day simple moving average of $847.85. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.40. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $1,021.47.

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

United Rentals Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. KeyCorp reissued an “overweight” rating on shares of United Rentals in a research note on Friday, October 24th. BNP Paribas set a $900.00 target price on United Rentals and gave the company a “neutral” rating in a research report on Tuesday, September 16th. JPMorgan Chase & Co. increased their price target on United Rentals from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Monday, September 22nd. Evercore ISI reaffirmed an “outperform” rating on shares of United Rentals in a research report on Tuesday, August 19th. Finally, Truist Financial set a $1,169.00 price objective on shares of United Rentals in a research report on Friday, October 24th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.