Advisors Capital Management LLC Has $25.45 Million Stock Holdings in United Rentals, Inc. $URI

Advisors Capital Management LLC lowered its holdings in United Rentals, Inc. (NYSE:URI) by 0.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,784 shares of the construction company’s stock after selling 166 shares during the quarter. Advisors Capital Management LLC owned about 0.05% of United Rentals worth $25,453,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in United Rentals during the second quarter worth about $298,000. Access Investment Management LLC purchased a new stake in shares of United Rentals during the 2nd quarter worth approximately $24,021,000. Vise Technologies Inc. bought a new stake in shares of United Rentals in the 2nd quarter worth approximately $7,514,000. Roundview Capital LLC grew its stake in shares of United Rentals by 9.2% during the 2nd quarter. Roundview Capital LLC now owns 5,909 shares of the construction company’s stock worth $4,452,000 after acquiring an additional 496 shares during the period. Finally, Callahan Advisors LLC raised its position in shares of United Rentals by 2.3% in the second quarter. Callahan Advisors LLC now owns 11,584 shares of the construction company’s stock valued at $8,727,000 after purchasing an additional 264 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Baird R W upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Royal Bank Of Canada set a $1,123.00 price target on shares of United Rentals in a research report on Friday, October 24th. Sanford C. Bernstein set a $1,128.00 target price on United Rentals and gave the company an “outperform” rating in a research note on Tuesday, September 23rd. Citigroup restated a “buy” rating on shares of United Rentals in a research report on Thursday, October 23rd. Finally, KeyCorp reiterated an “overweight” rating on shares of United Rentals in a report on Friday, October 24th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, United Rentals presently has an average rating of “Moderate Buy” and a consensus target price of $975.61.

United Rentals Stock Performance

Shares of URI opened at $843.44 on Friday. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $1,021.47. The stock has a market cap of $53.67 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 1.97 and a beta of 1.73. The business has a 50-day simple moving average of $934.53 and a two-hundred day simple moving average of $837.56. 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 (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.16 billion. United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $11.80 earnings per share. United Rentals has set its FY 2025 guidance at EPS. On average, analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be given a dividend of $1.79 per share. The ex-dividend date is Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals’s dividend payout ratio is currently 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.