Brookstone Capital Management Sells 1,372 Shares of United Rentals, Inc. $URI

Key Points

• Brookstone Capital Management has reduced its holdings in United Rentals, Inc. by 35.9%, selling 1,372 shares during the second quarter, leaving it with 2,449 shares valued at $1,845,000.
• United Rentals reported $11.70 earnings per share for the last quarter, missing analysts' expectations of $12.43, but had a revenue of $4.23 billion, surpassing the projected $4.16 billion.
• The company announced a quarterly dividend of $1.79 per share, which will be paid on November 26th, and has a current dividend yield of 0.8%.

Brookstone Capital Management lessened its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 35.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,449 shares of the construction company's stock after selling 1,372 shares during the quarter. Brookstone Capital Management's holdings in United Rentals were worth $1,845,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of URI. GAMMA Investing LLC boosted its stake in shares of United Rentals by 24.1% in the 1st quarter. GAMMA Investing LLC now owns 1,416 shares of the construction company's stock valued at $887,000 after purchasing an additional 275 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of United Rentals by 31.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 2,587 shares of the construction company's stock valued at $1,621,000 after purchasing an additional 624 shares during the last quarter. Spire Wealth Management boosted its stake in shares of United Rentals by 1.8% in the 1st quarter. Spire Wealth Management now owns 2,227 shares of the construction company's stock valued at $1,396,000 after purchasing an additional 39 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in shares of United Rentals by 225.8% in the 1st quarter. Golden State Wealth Management LLC now owns 681 shares of the construction company's stock valued at $427,000 after purchasing an additional 472 shares during the last quarter. Finally, HBK Sorce Advisory LLC boosted its stake in shares of United Rentals by 4.0% in the 1st quarter. HBK Sorce Advisory LLC now owns 490 shares of the construction company's stock valued at $307,000 after purchasing an additional 19 shares during the last quarter. Institutional investors own 96.26% of the company's stock.

United Rentals Stock Performance

Shares of URI opened at $914.17 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.80 and a current ratio of 0.90. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $1,021.47. The firm's 50 day moving average price is $956.27 and its two-hundred day moving average price is $810.23. The firm has a market cap of $58.17 billion, a P/E ratio of 23.51, a PEG ratio of 2.11 and a beta of 1.73.

United Rentals (NYSE:URI - Get Free Report) last announced 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). United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same period in the previous year, the firm posted $11.80 EPS. The business's quarterly revenue was up 5.9% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. On average, analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be paid a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. United Rentals's payout ratio is presently 18.52%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on URI shares. Argus set a $935.00 target price on shares of United Rentals in a research note on Tuesday, August 12th. Weiss Ratings reissued a "hold (c+)" rating on shares of United Rentals in a research note on Friday. Barclays reduced their price objective on shares of United Rentals from $620.00 to $600.00 and set an "underweight" rating on the stock in a research note on Monday. Citigroup reissued a "buy" rating on shares of United Rentals in a research note on Thursday. Finally, Robert W. Baird raised shares of United Rentals from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $888.00 to $1,050.00 in a research note on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $963.29.

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.

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