Montgomery Investment Management Inc. Sells 1,001 Shares of United Rentals, Inc. $URI

Key Points

• Montgomery Investment Management Inc. reduced its stake in United Rentals by 2.9%, now holding 33,992 shares, making it the firm's largest position at about $25.61 million.
• United Rentals reported earnings of $10.47 per share for the latest quarter, missing estimates slightly, but saw a 4.5% year-over-year increase in revenue, totaling $3.94 billion.
• The company announced a quarterly dividend of $1.79 per share, resulting in an annualized dividend yield of 0.7% with a payout ratio of 18.52%.

Montgomery Investment Management Inc. trimmed its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,992 shares of the construction company's stock after selling 1,001 shares during the period. United Rentals makes up about 9.9% of Montgomery Investment Management Inc.'s portfolio, making the stock its biggest position. Montgomery Investment Management Inc. owned about 0.05% of United Rentals worth $25,610,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Fourth Dimension Wealth LLC purchased a new stake in United Rentals in the first quarter valued at $26,000. TruNorth Capital Management LLC lifted its holdings in shares of 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 period. Flaharty Asset Management LLC acquired a new position in shares of United Rentals in the 1st quarter valued at about $30,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of United Rentals by 69.0% in 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 during the last quarter. Finally, Maseco LLP acquired a new stake in United Rentals during the second quarter worth about $32,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Stock Performance

NYSE:URI opened at $962.67 on Thursday. 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 stock has a market capitalization of $61.94 billion, a PE ratio of 24.89, a P/E/G ratio of 2.21 and a beta of 1.73. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $980.53. The company has a fifty day moving average of $923.75 and a two-hundred day moving average of $767.78.

United Rentals (NYSE:URI - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (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 company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.90 billion. During the same quarter last year, the business earned $10.70 EPS. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. 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 fiscal year.

United Rentals Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on URI. KeyCorp boosted their price target on United Rentals from $1,075.00 to $1,120.00 and gave the company an "overweight" rating in a report on Thursday, September 25th. Barclays boosted their target price on shares of United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a research note on Monday, July 21st. Citigroup raised their price target on shares of United Rentals from $1,000.00 to $1,080.00 and gave the company a "buy" rating in a research report on Tuesday, September 23rd. Redburn Atlantic cut shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective for the company. in a report on Friday, June 13th. Finally, Bank of America increased their target price on shares of United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. One 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $941.00.

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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