Fox Run Management L.L.C. Sells 1,125 Shares of United Rentals, Inc. $URI

Key Points

• Fox Run Management L.L.C. reduced its stake in United Rentals, Inc. by 47.8%, selling 1,125 shares and retaining 1,228 shares worth $770,000.
• Analysts have been bullish on United Rentals, with several raising their price targets; the current consensus rating is "Moderate Buy" with a target price of $834.64.
• United Rentals recently declared a quarterly dividend of $1.79 per share, representing an annual yield of 0.8% and a payout ratio of 18.52%.

Fox Run Management L.L.C. cut its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 47.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,228 shares of the construction company's stock after selling 1,125 shares during the period. Fox Run Management L.L.C.'s holdings in United Rentals were worth $770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of URI. Fourth Dimension Wealth LLC bought a new position in United Rentals during the first quarter valued at $26,000. TruNorth Capital Management LLC boosted its stake in shares of United Rentals by 1,266.7% during the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock worth $26,000 after purchasing an additional 38 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of United Rentals by 69.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock worth $31,000 after purchasing an additional 20 shares during the period. Grove Bank & Trust purchased a new position in shares of United Rentals during the 1st quarter worth about $36,000. Finally, NBC Securities Inc. purchased a new position in shares of United Rentals during the 1st quarter worth about $40,000. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Up 0.2%

NYSE URI traded up $2.2220 on Tuesday, reaching $916.2620. 306,038 shares of the stock traded hands, compared to its average volume of 648,187. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $933.32. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. The company has a fifty day moving average price of $805.67 and a 200-day moving average price of $708.78. The company has a market cap of $58.95 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 2.10 and a beta of 1.72.

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 (EPS) for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same period in the previous year, the company posted $10.70 EPS. United Rentals'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, research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be issued a $1.79 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. United Rentals's payout ratio is currently 18.52%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Bank of America lifted their price target on shares of United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. The Goldman Sachs Group lifted their price target on shares of United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Evercore ISI reaffirmed an "outperform" rating on shares of United Rentals in a research report on Tuesday. Argus set a $935.00 target price on United Rentals in a research report on Tuesday, August 12th. Finally, Citigroup restated a "buy" rating and issued a $810.00 price target (up from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $834.64.

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.