United Rentals, Inc. $URI Shares Sold by Inspire Advisors LLC

Inspire Advisors LLC reduced its position in shares of United Rentals, Inc. (NYSE:URI) by 25.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,025 shares of the construction company’s stock after selling 351 shares during the quarter. Inspire Advisors LLC’s holdings in United Rentals were worth $772,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Bank of Jackson Hole Trust raised its holdings in United Rentals by 12.0% in the 2nd quarter. Bank of Jackson Hole Trust now owns 112 shares of the construction company’s stock worth $84,000 after purchasing an additional 12 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of United Rentals by 5.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company’s stock valued at $199,000 after buying an additional 13 shares in the last quarter. Cooper Financial Group raised its stake in shares of United Rentals by 1.6% during the 2nd quarter. Cooper Financial Group now owns 807 shares of the construction company’s stock worth $608,000 after buying an additional 13 shares during the period. American Trust raised its stake in shares of United Rentals by 1.1% during the 1st quarter. American Trust now owns 1,242 shares of the construction company’s stock worth $778,000 after buying an additional 14 shares during the period. Finally, CX Institutional lifted its position in shares of United Rentals by 2.5% during the 2nd quarter. CX Institutional now owns 585 shares of the construction company’s stock valued at $441,000 after buying an additional 14 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

URI has been the subject of several recent analyst reports. Bank of America boosted their price target on shares of United Rentals from $895.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. UBS Group reiterated a “neutral” rating and issued a $1,025.00 target price on shares of United Rentals in a research report on Tuesday, October 28th. Robert W. Baird raised shares of United Rentals from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $888.00 to $1,050.00 in a research note on Wednesday, October 1st. Citigroup restated a “buy” rating on shares of United Rentals in a research report on Thursday, October 23rd. Finally, Royal Bank Of Canada set a $1,123.00 price target on shares of United Rentals in a research note on Friday, October 24th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $975.61.

United Rentals Price Performance

Shares of NYSE URI opened at $799.86 on Wednesday. The firm has a 50-day simple moving average of $925.53 and a 200-day simple moving average of $844.02. 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 market capitalization of $50.90 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 1.97 and a beta of 1.74. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $1,021.47.

United Rentals (NYSE:URI) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations 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 was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $11.80 EPS. United Rentals has set its FY 2025 guidance at EPS. On average, equities analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

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

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.