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

RWA Wealth Partners LLC cut its holdings in United Rentals, Inc. (NYSE:URI) by 2.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 713 shares of the construction company’s stock after selling 21 shares during the quarter. RWA Wealth Partners LLC’s holdings in United Rentals were worth $447,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of United Rentals by 0.4% during the first quarter. Vanguard Group Inc. now owns 7,422,036 shares of the construction company’s stock worth $4,651,390,000 after purchasing an additional 29,501 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of United Rentals by 98.1% during the first quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company’s stock worth $685,488,000 after purchasing an additional 541,579 shares during the period. GAMMA Investing LLC lifted its holdings in shares of United Rentals by 77,674.5% during the first quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company’s stock worth $556,138,000 after purchasing an additional 886,266 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of United Rentals by 22.3% during the first 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. Finally, Northern Trust Corp lifted its holdings in shares of United Rentals by 0.8% during the first quarter. Northern Trust Corp now owns 661,166 shares of the construction company’s stock worth $414,353,000 after purchasing an additional 5,113 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Down 1.6%

Shares of NYSE URI opened at $901.3510 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $57.99 billion, a price-to-earnings ratio of 23.31, a price-to-earnings-growth ratio of 2.11 and a beta of 1.72. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $933.32. The firm has a 50-day moving average price of $813.31 and a 200 day moving average price of $711.54.

United Rentals (NYSE:URI) last posted 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 analyst estimates of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the company posted $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. Equities research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be issued a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $7.16 annualized dividend and a yield of 0.8%. United Rentals’s dividend payout ratio is 18.52%.

Wall Street Analysts Forecast Growth

URI has been the subject of several recent research reports. UBS Group increased their price target on United Rentals from $780.00 to $835.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. The Goldman Sachs Group increased their price target on United Rentals from $770.00 to $850.00 and gave the stock a “buy” rating in a report on Tuesday, May 27th. Redburn Atlantic cut United Rentals from a “buy” rating to a “neutral” rating and set a $760.00 target price on the stock. in a research report on Friday, June 13th. Evercore ISI reiterated an “outperform” rating on shares of United Rentals in a research report on Tuesday. Finally, Bank of America boosted their target price on United Rentals from $895.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $834.64.

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.