Hudson Valley Investment Advisors Inc. ADV Sells 2,620 Shares of United Rentals, Inc. $URI

Key Points

• Hudson Valley Investment Advisors Inc. ADV reduced its stake in United Rentals, Inc. by 17.8%, selling 2,620 shares and holding approximately 12,108 shares valued at $9.12 million.
• Recent analyst reports display a range of ratings for United Rentals, with targets raised by firms including Robert W. Baird to $1,050 and Citigroup to $1,080, signaling a generally optimistic outlook.
• United Rentals announced a quarterly dividend of $1.79, yielding 0.7%, while maintaining a low payout ratio of 18.52%.

Hudson Valley Investment Advisors Inc. ADV trimmed its position in United Rentals, Inc. (NYSE:URI - Free Report) by 17.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 12,108 shares of the construction company's stock after selling 2,620 shares during the period. United Rentals comprises approximately 1.0% of Hudson Valley Investment Advisors Inc. ADV's holdings, making the stock its 29th largest holding. Hudson Valley Investment Advisors Inc. ADV's holdings in United Rentals were worth $9,122,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. TruNorth Capital Management LLC boosted its position in United Rentals by 1,266.7% in the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock valued at $26,000 after buying an additional 38 shares during the last quarter. Fourth Dimension Wealth LLC bought a new position in United Rentals in the 1st quarter valued at $26,000. Maseco LLP bought a new position in United Rentals in the 2nd quarter valued at $32,000. Flaharty Asset Management LLC bought a new position in United Rentals in the 1st quarter valued at $30,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in United Rentals by 69.0% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock valued at $31,000 after buying an additional 20 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on URI shares. BNP Paribas set a $900.00 price objective on United Rentals and gave the company a "neutral" rating in a research report on Tuesday, September 16th. Robert W. Baird upgraded United Rentals from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $888.00 to $1,050.00 in a research report on Wednesday. KeyCorp raised their price target on United Rentals from $1,075.00 to $1,120.00 and gave the stock an "overweight" rating in a research report on Thursday, September 25th. Barclays raised their price target on United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a research report on Monday, July 21st. Finally, Citigroup raised their price target on United Rentals from $1,000.00 to $1,080.00 and gave the stock a "buy" rating in a research report on Tuesday, September 23rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $941.00.

United Rentals Stock Performance

URI stock opened at $982.25 on Friday. The business's 50-day moving average price is $927.68 and its two-hundred day moving average price is $772.81. 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 has a market cap of $63.20 billion, a PE ratio of 25.40, a P/E/G ratio of 2.26 and a beta of 1.73. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $997.50.

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

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were issued 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 payout ratio is 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.

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