Inspire Investing LLC Reduces Holdings in United Rentals, Inc. $URI

Key Points

• Inspire Investing LLC decreased its holdings in United Rentals by 5.5%, selling 351 shares and retaining 5,989 shares worth $4.51 million according to its recent SEC filing.
• United Rentals reported better than expected revenue of $3.94 billion for the latest quarter, although its EPS missed consensus estimates, showing a year-over-year revenue increase of 4.5%.
• Wall Street analysts maintain a "Moderate Buy" consensus rating for United Rentals, with a target price of $956.13, supported by multiple brokerages issuing positive ratings and price objectives exceeding $900.

Inspire Investing LLC lowered its position in United Rentals, Inc. (NYSE:URI - Free Report) by 5.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,989 shares of the construction company's stock after selling 351 shares during the period. Inspire Investing LLC's holdings in United Rentals were worth $4,512,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its position in shares of United Rentals by 5.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company's stock worth $199,000 after acquiring an additional 13 shares in the last quarter. Cooper Financial Group raised its position in shares of United Rentals by 1.6% in the 2nd quarter. Cooper Financial Group now owns 807 shares of the construction company's stock worth $608,000 after acquiring an additional 13 shares in the last quarter. American Trust raised its position in shares of United Rentals by 1.1% in the 1st quarter. American Trust now owns 1,242 shares of the construction company's stock worth $778,000 after acquiring an additional 14 shares in the last quarter. CX Institutional raised its position in shares of United Rentals by 2.5% in the 2nd quarter. CX Institutional now owns 585 shares of the construction company's stock worth $441,000 after acquiring an additional 14 shares in the last quarter. Finally, Leavell Investment Management Inc. raised its position in shares of United Rentals by 3.6% in the 1st quarter. Leavell Investment Management Inc. now owns 515 shares of the construction company's stock worth $323,000 after acquiring an additional 18 shares in the last quarter. Institutional investors own 96.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on URI. Evercore ISI reissued an "outperform" rating on shares of United Rentals in a research report on Tuesday, August 19th. Morgan Stanley raised their price objective on United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Argus set a $935.00 price objective on United Rentals in a research report on Tuesday, August 12th. Sanford C. Bernstein set a $1,128.00 price objective on United Rentals and gave the company an "outperform" rating in a research report on Tuesday, September 23rd. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $956.13.

United Rentals Stock Performance

Shares of URI opened at $951.67 on Friday. The business's fifty day simple moving average is $937.56 and its two-hundred day simple moving average is $784.61. 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, Inc. has a 12 month low of $525.91 and a 12 month high of $1,004.92. The company has a market cap of $61.23 billion, a price-to-earnings ratio of 24.61, a P/E/G ratio of 2.27 and a beta of 1.73.

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 the consensus estimate 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 for the quarter, compared to analysts' expectations of $3.90 billion. During the same quarter in the prior year, the business posted $10.70 earnings per share. The business's revenue for the quarter was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. Research analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal 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 paid a $1.79 dividend. 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 (DPR) is 18.52%.

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.

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