HB Wealth Management LLC Reduces Stock Holdings in United Rentals, Inc. $URI

Key Points

• HB Wealth Management LLC has reduced its holdings in United Rentals, Inc. by 25.0%, now owning 4,818 shares valued at approximately $3.63 million.
• Several other investors have recently adjusted their stakes, with 96.26% of United Rentals' stock held by hedge funds and institutional investors.
• Analysts have varied ratings on the stock, with a consensus price target of $941.00 and a significant increase in price targets by firms like Barclays and JPMorgan.

HB Wealth Management LLC reduced its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 25.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,818 shares of the construction company's stock after selling 1,607 shares during the period. HB Wealth Management LLC's holdings in United Rentals were worth $3,631,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Fourth Dimension Wealth LLC purchased a new stake in shares of United Rentals in the 1st quarter valued at $26,000. TruNorth Capital Management LLC boosted its holdings 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 worth $26,000 after buying an additional 38 shares in the last quarter. Flaharty Asset Management LLC purchased a new stake in United Rentals during the first quarter worth $30,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in United Rentals by 69.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock worth $31,000 after buying an additional 20 shares in the last quarter. Finally, Maseco LLP purchased a new stake in United Rentals during the second quarter worth $32,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on URI shares. Barclays increased their price target on shares of United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a report on Monday, July 21st. Robert W. Baird raised shares of United Rentals from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $888.00 to $1,050.00 in a report on Wednesday. BNP Paribas Exane raised shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 price target on the stock in a report on Tuesday, September 16th. Truist Financial upped their price objective on shares of United Rentals from $786.00 to $952.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. lifted their target price on shares of United Rentals from $1,000.00 to $1,150.00 and gave the company an "overweight" rating in a research report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $941.00.

United Rentals Price Performance

Shares of NYSE URI opened at $962.67 on Thursday. The firm has a 50-day simple moving average of $923.75 and a 200-day simple moving average of $767.78. The stock has a market capitalization of $61.94 billion, a price-to-earnings ratio of 24.89, a price-to-earnings-growth ratio of 2.21 and a beta of 1.73. 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 52 week low of $525.91 and a 52 week high of $980.53.

United Rentals (NYSE:URI - Get Free Report) last issued its 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 during the quarter, compared to analyst estimates of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. United Rentals's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company earned $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. On average, equities analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, August 13th. United Rentals's dividend payout ratio is 18.52%.

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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