CW Advisors LLC Has $3.84 Million Stock Holdings in United Rentals, Inc. $URI

Key Points

• CW Advisors LLC has reduced its stake in United Rentals, Inc. by 8.9%, holding 6,128 shares worth approximately $3.84 million.
• United Rentals reported quarterly EPS of $10.47, missing estimates by $0.07, but achieved revenues of $3.94 billion, slightly above expectations.
• The company has announced a quarterly dividend of $1.79 per share, resulting in an annualized dividend yield of 0.8%.

CW Advisors LLC cut its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 8.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,128 shares of the construction company's stock after selling 597 shares during the period. CW Advisors LLC's holdings in United Rentals were worth $3,841,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC grew its position in United Rentals by 1,266.7% during the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock valued at $26,000 after purchasing an additional 38 shares in the last quarter. Fourth Dimension Wealth LLC bought a new stake in United Rentals in the first quarter worth approximately $26,000. Migdal Insurance & Financial Holdings Ltd. grew its position in United Rentals by 69.0% in the first 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 in the last quarter. Grove Bank & Trust bought a new stake in United Rentals in the first quarter worth approximately $36,000. Finally, NBC Securities Inc. bought a new stake in United Rentals in the first quarter worth approximately $40,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

URI has been the subject of several recent research reports. Evercore ISI reissued an "outperform" rating on shares of United Rentals in a research report on Tuesday, August 19th. JPMorgan Chase & Co. boosted their target price on shares of United Rentals from $920.00 to $950.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Bank of America boosted their target price on shares of United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. KeyCorp upped their price objective on shares of United Rentals from $865.00 to $960.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Finally, UBS Group upped their price objective on shares of United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $834.64.

United Rentals Stock Performance

NYSE:URI traded up $6.94 during trading hours on Thursday, hitting $956.28. 404,715 shares of the company traded hands, compared to its average volume of 643,348. The stock has a market capitalization of $61.53 billion, a price-to-earnings ratio of 24.73, a P/E/G ratio of 2.18 and a beta of 1.72. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $960.00. The firm has a 50-day moving average of $836.54 and a 200 day moving average of $717.97. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) 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 analyst estimates of $3.90 billion. During the same quarter in the prior year, the company posted $10.70 EPS. The company's quarterly revenue was up 4.5% 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 year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were paid a $1.79 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.7%. United Rentals's dividend 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.