Conning Inc. Trims Stake in United Rentals, Inc. $URI

Conning Inc. lowered its position in shares of United Rentals, Inc. (NYSE:URI) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 640 shares of the construction company’s stock after selling 17 shares during the period. Conning Inc.’s holdings in United Rentals were worth $482,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in URI. TruNorth Capital Management LLC increased its holdings in United Rentals by 1,266.7% during the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock valued at $26,000 after buying an additional 38 shares during the period. Fourth Dimension Wealth LLC purchased a new position in United Rentals during the first quarter valued at approximately $26,000. Maseco LLP purchased a new position in shares of United Rentals in the 2nd quarter valued at $32,000. Flaharty Asset Management LLC purchased a new position in shares of United Rentals in the 1st quarter valued at $30,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of United Rentals by 69.0% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock valued at $31,000 after acquiring an additional 20 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

NYSE:URI opened at $951.67 on Friday. The firm has a market cap of $61.23 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 2.20 and a beta of 1.73. United Rentals, Inc. has a one year low of $525.91 and a one year high of $1,004.92. The firm’s fifty day moving average is $937.56 and its two-hundred day moving average is $785.60. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing the consensus estimate of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.90 billion. During the same quarter in the prior year, the company posted $10.70 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were issued a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. United Rentals’s dividend payout ratio is 18.52%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Truist Financial lifted their target price on United Rentals from $952.00 to $1,194.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays lifted their price objective on shares of United Rentals from $565.00 to $620.00 and gave the stock an “underweight” rating in a research report on Monday, July 21st. Bank of America lifted their price objective on shares of United Rentals from $895.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Citigroup lifted their price target on shares of United Rentals from $1,000.00 to $1,080.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Finally, Morgan Stanley boosted their target price on shares of United Rentals from $702.00 to $955.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, United Rentals has an average rating of “Moderate Buy” and a consensus price target of $956.13.

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.