Choreo LLC Acquires 266 Shares of United Rentals, Inc. $URI

Choreo LLC grew its holdings in shares of United Rentals, Inc. (NYSE:URI) by 8.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,518 shares of the construction company’s stock after purchasing an additional 266 shares during the period. Choreo LLC’s holdings in United Rentals were worth $2,651,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in URI. CreativeOne Wealth LLC grew its position in United Rentals by 0.5% during the second quarter. CreativeOne Wealth LLC now owns 2,283 shares of the construction company’s stock worth $1,720,000 after buying an additional 11 shares in the last quarter. Bank of Jackson Hole Trust lifted its position in shares of United Rentals by 12.0% during the 2nd quarter. Bank of Jackson Hole Trust now owns 112 shares of the construction company’s stock valued at $84,000 after acquiring an additional 12 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in shares of United Rentals by 5.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company’s stock worth $199,000 after purchasing an additional 13 shares in the last quarter. Cooper Financial Group increased its position in shares of United Rentals by 1.6% in the second quarter. Cooper Financial Group now owns 807 shares of the construction company’s stock worth $608,000 after purchasing an additional 13 shares during the period. Finally, American Trust raised its stake in United Rentals by 1.1% in the first quarter. American Trust now owns 1,242 shares of the construction company’s stock valued at $778,000 after purchasing an additional 14 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Up 0.6%

Shares of URI opened at $814.91 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90. 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 capitalization of $51.85 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 1.97 and a beta of 1.73. The stock has a fifty day moving average of $905.43 and a 200-day moving average of $848.35.

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 analysts’ consensus estimates of $12.43 by ($0.73). United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same period in the previous year, the company earned $11.80 EPS. United Rentals’s revenue for the quarter was up 5.9% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were given a dividend of $1.79 per share. The ex-dividend date was Wednesday, November 12th. This represents a $7.16 annualized dividend and a yield of 0.9%. United Rentals’s dividend payout ratio (DPR) is currently 18.42%.

Analysts Set New Price Targets

A number of brokerages have issued reports on URI. Sanford C. Bernstein set a $1,128.00 price objective on shares of United Rentals and gave the stock an “outperform” rating in a research note on Tuesday, September 23rd. BNP Paribas set a $900.00 price target on shares of United Rentals and gave the stock a “neutral” rating in a report on Tuesday, September 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of United Rentals in a research note on Wednesday, October 8th. KeyCorp restated an “overweight” rating on shares of United Rentals in a research report on Friday, October 24th. Finally, Barclays reduced their target price on United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $975.61.

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.