United Rentals, Inc. $URI Shares Sold by 1248 Management LLC

Key Points

• 1248 Management LLC reduced its holdings in United Rentals, Inc. by 33.2%, now owning 1,358 shares valued at approximately $851,000.
• Several institutional investors increased their stakes in United Rentals, with TruNorth Capital Management LLC boosting its position by 1,266.7% during the first quarter.
• Analysts set a consensus price target of $842.86 for United Rentals, with ratings ranging from "Strong Buy" to "Sell," reflecting diverse expectations among investment firms.

1248 Management LLC lessened its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 33.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,358 shares of the construction company's stock after selling 674 shares during the quarter. 1248 Management LLC's holdings in United Rentals were worth $851,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Graham Capital Management L.P. purchased a new position in United Rentals during the 1st quarter worth approximately $1,113,000. Calton & Associates Inc. grew its stake in United Rentals by 62.9% during the 1st quarter. Calton & Associates Inc. now owns 663 shares of the construction company's stock worth $416,000 after buying an additional 256 shares during the last quarter. Benchmark Investment Advisors LLC grew its stake in United Rentals by 13.7% during the 1st quarter. Benchmark Investment Advisors LLC now owns 6,425 shares of the construction company's stock worth $4,027,000 after buying an additional 774 shares during the last quarter. Pinnacle Wealth Planning Services Inc. grew its stake in shares of United Rentals by 4.6% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 566 shares of the construction company's stock valued at $355,000 after purchasing an additional 25 shares during the last quarter. Finally, Vident Advisory LLC grew its stake in shares of United Rentals by 11.6% in the 1st quarter. Vident Advisory LLC now owns 35,936 shares of the construction company's stock valued at $22,522,000 after purchasing an additional 3,749 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. KeyCorp lifted their target price on United Rentals from $960.00 to $1,075.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Truist Financial lifted their target price on United Rentals from $786.00 to $952.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Redburn Atlantic downgraded United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price on the stock. in a research note on Friday, June 13th. Evercore ISI reiterated an "outperform" rating on shares of United Rentals in a research note on Tuesday, August 19th. Finally, UBS Group lifted their target price on United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $842.86.

United Rentals Price Performance

Shares of United Rentals stock traded up $11.34 during trading on Friday, reaching $976.00. The company's stock had a trading volume of 440,181 shares, compared to its average volume of 463,200. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $980.53. The company has a market capitalization of $62.80 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 2.23 and a beta of 1.72. The business has a 50 day moving average price of $868.94 and a 200-day moving average price of $728.65.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The business had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $3.90 billion. During the same quarter last year, the firm earned $10.70 earnings per share. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. 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 EPS for the current year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were issued a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $7.16 annualized dividend and a yield of 0.7%. United Rentals's payout ratio is currently 18.52%.

United Rentals 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.