Central Bank & Trust Co. Sells 332 Shares of United Rentals, Inc. $URI

Key Points

• Central Bank & Trust Co. has reduced its stake in United Rentals, Inc. by 2.9%, now holding 11,134 shares valued at approximately $8.39 million.
• United Rentals recently reported earnings per share (EPS) of $10.47 for the quarter, slightly below analysts' expectations, but with a revenue of $3.94 billion, exceeding forecasts.
• The firm announced a quarterly dividend of $1.79 per share, representing an annualized dividend yield of 0.8% and a payout ratio of 18.52%.

Central Bank & Trust Co. reduced its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 2.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,134 shares of the construction company's stock after selling 332 shares during the period. United Rentals accounts for 1.4% of Central Bank & Trust Co.'s holdings, making the stock its 19th biggest holding. Central Bank & Trust Co.'s holdings in United Rentals were worth $8,388,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of URI. Fourth Dimension Wealth LLC bought a new stake in United Rentals in the first quarter valued at $26,000. TruNorth Capital Management LLC raised its holdings in shares of United Rentals by 1,266.7% in the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock worth $26,000 after acquiring an additional 38 shares during the last quarter. Flaharty Asset Management LLC acquired a new stake in shares of United Rentals in the 1st quarter worth about $30,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of United Rentals by 69.0% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock worth $31,000 after acquiring an additional 20 shares during the last quarter. Finally, Grove Bank & Trust acquired a new stake in shares of United Rentals in the 1st quarter worth about $36,000. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Performance

Shares of URI stock opened at $947.64 on Tuesday. The stock has a market capitalization of $60.97 billion, a P/E ratio of 24.51, a PEG ratio of 2.17 and a beta of 1.72. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. The firm's 50 day moving average is $889.63 and its 200 day moving average is $742.05. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $980.53.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). The business had revenue of $3.94 billion for the quarter, compared to analysts' expectations of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The business's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, August 13th. United Rentals's dividend payout ratio is presently 18.52%.

Analyst Upgrades and Downgrades

URI has been the topic of a number of analyst reports. Morgan Stanley upped their target price on shares of United Rentals from $702.00 to $955.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Argus set a $935.00 target price on shares of United Rentals in a report on Tuesday, August 12th. JPMorgan Chase & Co. upped their target price on shares of United Rentals from $920.00 to $950.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. The Goldman Sachs Group upped their target price on shares of United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Finally, Citigroup restated a "buy" rating and issued a $810.00 target price (up previously from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $842.86.

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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