Advisors Asset Management Inc. Decreases Holdings in United Rentals, Inc. $URI

Advisors Asset Management Inc. trimmed its position in shares of United Rentals, Inc. (NYSE:URI) by 4.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,911 shares of the construction company’s stock after selling 555 shares during the quarter. Advisors Asset Management Inc.’s holdings in United Rentals were worth $8,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of URI. Maseco LLP bought a new position in United Rentals in the second quarter valued at about $32,000. Flaharty Asset Management LLC purchased a new stake in shares of United Rentals during the 1st quarter valued at about $30,000. Trust Co. of Toledo NA OH bought a new position in shares of United Rentals in the 2nd quarter worth approximately $38,000. Hantz Financial Services Inc. boosted its holdings in shares of United Rentals by 103.7% in the second quarter. Hantz Financial Services Inc. now owns 55 shares of the construction company’s stock worth $42,000 after buying an additional 28 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in United Rentals by 560.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 66 shares of the construction company’s stock valued at $41,000 after buying an additional 56 shares during the period. Institutional investors own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on URI shares. BNP Paribas set a $900.00 price target on shares of United Rentals and gave the stock a “neutral” rating in a research note on Tuesday, September 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of United Rentals in a research report on Wednesday, October 8th. Baird R W raised United Rentals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. KeyCorp restated an “overweight” rating on shares of United Rentals in a research report on Friday, October 24th. Finally, Barclays lowered their price objective on United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a research report on Monday, October 20th. Two research 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $975.61.

United Rentals Price Performance

Shares of United Rentals stock opened at $810.57 on Wednesday. The company has a market capitalization of $51.58 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 1.97 and a beta of 1.73. 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’s 50-day simple moving average is $910.28 and its 200-day simple moving average is $848.82. 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 issued its earnings results 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). United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same period last year, the business posted $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. As a group, analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

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