Kestra Advisory Services LLC Sells 522 Shares of United Rentals, Inc. $URI

Key Points

• Kestra Advisory Services LLC reduced its holdings in United Rentals, Inc. by 6.7%, selling 522 shares, which leaves them with 7,295 shares valued at approximately $4.57 million.
• Analysts are bullish on United Rentals, with multiple firms raising their target prices significantly, including KeyCorp, which increased their target from $865 to $960 and maintained an "overweight" rating.
• United Rentals recently announced a quarterly dividend of $1.79 per share, reflecting an annualized yield of 0.8%, with the ex-dividend date on August 13th.

Kestra Advisory Services LLC trimmed its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 6.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,295 shares of the construction company's stock after selling 522 shares during the period. Kestra Advisory Services LLC's holdings in United Rentals were worth $4,572,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Centaurus Financial Inc. grew its position in United Rentals by 1.7% during the fourth quarter. Centaurus Financial Inc. now owns 999 shares of the construction company's stock valued at $704,000 after purchasing an additional 17 shares in the last quarter. Leavell Investment Management Inc. grew its position in United Rentals by 3.6% during the first quarter. Leavell Investment Management Inc. now owns 515 shares of the construction company's stock valued at $323,000 after purchasing an additional 18 shares in the last quarter. Baer Investment Advisory LLC grew its position in United Rentals by 0.6% during the first quarter. Baer Investment Advisory LLC now owns 3,202 shares of the construction company's stock valued at $2,007,000 after purchasing an additional 18 shares in the last quarter. HBK Sorce Advisory LLC grew its position in United Rentals by 4.0% during the first quarter. HBK Sorce Advisory LLC now owns 490 shares of the construction company's stock valued at $307,000 after purchasing an additional 19 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its position in United Rentals by 27.5% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 88 shares of the construction company's stock valued at $55,000 after purchasing an additional 19 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Price Performance

Shares of URI stock traded up $2.54 during mid-day trading on Friday, reaching $957.78. The company's stock had a trading volume of 508,051 shares, compared to its average volume of 485,522. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $961.16. The company has a market cap of $61.62 billion, a P/E ratio of 24.77, a PEG ratio of 2.21 and a beta of 1.72. 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 firm's 50-day moving average is $846.74 and its two-hundred day moving average is $720.82.

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, research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have commented on URI shares. KeyCorp boosted their target price on shares of United Rentals from $960.00 to $1,075.00 and gave the stock an "overweight" rating in a research report on Friday. Barclays upped their price objective 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. Evercore ISI reaffirmed an "outperform" rating on shares of United Rentals in a report on Tuesday, August 19th. Morgan Stanley upped their price objective on shares of United Rentals from $702.00 to $955.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Finally, Argus set a $935.00 price objective on shares of United Rentals in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $842.86.

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.