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

Metis Global Partners LLC lowered its position in United Rentals, Inc. (NYSE:URI) by 5.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,035 shares of the construction company’s stock after selling 178 shares during the period. Metis Global Partners LLC’s holdings in United Rentals were worth $2,287,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in URI. Leavell Investment Management Inc. boosted its position in United Rentals by 3.6% during the first quarter. Leavell Investment Management Inc. now owns 515 shares of the construction company’s stock worth $323,000 after acquiring an additional 18 shares during the last quarter. Ballentine Partners LLC boosted its holdings in shares of United Rentals by 19.9% during the 1st quarter. Ballentine Partners LLC now owns 1,303 shares of the construction company’s stock worth $817,000 after purchasing an additional 216 shares during the last quarter. Realta Investment Advisors grew its position in shares of United Rentals by 25.2% in the first quarter. Realta Investment Advisors now owns 457 shares of the construction company’s stock valued at $286,000 after purchasing an additional 92 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of United Rentals by 6.6% in the first quarter. New York State Common Retirement Fund now owns 45,950 shares of the construction company’s stock valued at $28,797,000 after purchasing an additional 2,862 shares during the last quarter. Finally, Westmount Partners LLC lifted its position in United Rentals by 19.1% during the first quarter. Westmount Partners LLC now owns 623 shares of the construction company’s stock worth $391,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Stock Performance

NYSE:URI opened at $846.21 on Monday. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,021.47. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90. The company has a 50 day moving average price of $942.78 and a 200 day moving average price of $834.34. The stock has a market capitalization of $53.84 billion, a P/E ratio of 21.76, a PEG ratio of 1.97 and a beta of 1.73.

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

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors 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 0.8%. The ex-dividend date is Wednesday, November 12th. United Rentals’s dividend payout ratio (DPR) is 18.42%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on URI. Citigroup restated a “buy” rating on shares of United Rentals in a report on Thursday, October 23rd. Truist Financial set a $1,169.00 price objective on shares of United Rentals in a report on Friday, October 24th. Baird R W raised shares of United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. UBS Group reiterated a “neutral” rating and issued a $1,025.00 target price on shares of United Rentals in a report on Tuesday, October 28th. Finally, JPMorgan Chase & Co. raised their price target on shares of United Rentals from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Monday, September 22nd. Two 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.