Mission Creek Capital Partners Inc. Sells 274 Shares of United Rentals, Inc. $URI

Key Points

• Mission Creek Capital Partners Inc. decreased its stake in United Rentals, Inc. by 11.5% in the first quarter, now holding 2,117 shares valued at approximately $1.3 million.
• Despite the sale, other hedge funds increased their investments in United Rentals, with Elevation Point Wealth Partners LLC growing its stake by 32.9% to 2,220 shares.
• United Rentals reported a quarterly earnings miss of $10.47 per share against estimates of $10.54, but showed a revenue increase of 4.5% year-over-year at $3.94 billion.

Mission Creek Capital Partners Inc. decreased its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 11.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,117 shares of the construction company's stock after selling 274 shares during the period. Mission Creek Capital Partners Inc.'s holdings in United Rentals were worth $1,327,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in URI. GAMMA Investing LLC grew its stake in United Rentals by 77,674.5% during the first quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock worth $556,138,000 after purchasing an additional 886,266 shares during the period. Nuveen LLC acquired a new stake in United Rentals during the first quarter worth approximately $402,291,000. JPMorgan Chase & Co. grew its stake in United Rentals by 98.1% during the first quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company's stock worth $685,488,000 after purchasing an additional 541,579 shares during the period. Leigh Baldwin & CO. LLC acquired a new stake in United Rentals in the fourth quarter valued at approximately $330,989,000. Finally, Goldman Sachs Group Inc. grew its stake in United Rentals by 22.3% in the first quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company's stock valued at $414,406,000 after acquiring an additional 120,449 shares during the period. Institutional investors and hedge funds own 96.26% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on URI shares. UBS Group raised their price objective on United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Redburn Atlantic cut United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective for the company. in a research note on Friday, June 13th. Truist Financial raised their price objective on United Rentals from $786.00 to $952.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Bank of America raised their price objective on United Rentals from $895.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Finally, KeyCorp raised their price objective on United Rentals from $960.00 to $1,075.00 and gave the company an "overweight" rating in a research note on Friday. One research 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $842.86.

United Rentals Stock Performance

United Rentals stock traded up $2.54 during mid-day trading on Monday, reaching $957.78. 508,051 shares of the company's stock were exchanged, compared to its average volume of 478,153. The business's fifty day simple moving average is $846.74 and its 200 day simple moving average is $720.66. The firm has a market capitalization of $61.62 billion, a PE ratio of 24.77, a P/E/G ratio of 2.21 and a beta of 1.72. United Rentals, Inc. has a one year low of $525.91 and a one year high of $961.16. 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 (NYSE:URI - Get Free Report) last issued its quarterly 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 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% compared to the same quarter last year. During the same quarter last year, the business posted $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, August 13th. United Rentals's dividend payout ratio (DPR) 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.