Monument Capital Management decreased its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 90.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 422 shares of the construction company's stock after selling 4,228 shares during the quarter. Monument Capital Management's holdings in United Rentals were worth $264,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in United Rentals by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company's stock worth $313,627,000 after purchasing an additional 6,787 shares in the last quarter. Blueshift Asset Management LLC purchased a new position in shares of United Rentals during the 4th quarter valued at approximately $649,000. Penobscot Investment Management Company Inc. grew its stake in United Rentals by 35.1% in the 4th quarter. Penobscot Investment Management Company Inc. now owns 4,114 shares of the construction company's stock valued at $2,898,000 after acquiring an additional 1,068 shares during the period. Elevation Point Wealth Partners LLC increased its holdings in United Rentals by 32.9% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 2,220 shares of the construction company's stock worth $1,391,000 after acquiring an additional 550 shares in the last quarter. Finally, US Bancorp DE raised its position in United Rentals by 2.2% during the fourth quarter. US Bancorp DE now owns 21,321 shares of the construction company's stock worth $15,019,000 after acquiring an additional 462 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.
United Rentals Trading Up 1.6%
Shares of United Rentals stock traded up $12.03 on Wednesday, reaching $786.17. The company had a trading volume of 97,333 shares, compared to its average volume of 584,904. The firm's 50 day moving average price is $696.24 and its two-hundred day moving average price is $682.25. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 0.85. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $896.98. The firm has a market cap of $51.10 billion, a PE ratio of 20.33, a PEG ratio of 1.84 and a beta of 1.69.
United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). United Rentals had a return on equity of 33.11% and a net margin of 16.38%. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the company earned $9.15 earnings per share. The firm's revenue for the quarter was up 6.7% on a year-over-year basis. Sell-side analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.
United Rentals Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were given a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $7.16 annualized dividend and a dividend yield of 0.91%. United Rentals's dividend payout ratio is presently 18.54%.
Analysts Set New Price Targets
A number of analysts have recently commented on the stock. Evercore ISI cut their target price on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a research note on Monday, May 19th. Redburn Atlantic cut United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price for the company. in a report on Friday, June 13th. Truist Financial lifted their price target on United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. The Goldman Sachs Group boosted their price target on United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Finally, Robert W. Baird lifted their target price on shares of United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $766.23.
View Our Latest Stock Report on URI
Insider Activity at United Rentals
In other United Rentals news, EVP Michael D. Durand sold 1,100 shares of the business's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total value of $688,908.00. Following the completion of the transaction, the executive vice president owned 8,748 shares in the company, valued at $5,478,697.44. The trade was a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Andrew B. Limoges sold 708 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $705.86, for a total value of $499,748.88. Following the completion of the sale, the vice president owned 1,921 shares in the company, valued at approximately $1,355,957.06. The trade was a 26.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.51% of the company's stock.
About United Rentals
(
Free Report)
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.
Further Reading
Before you consider United Rentals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United Rentals wasn't on the list.
While United Rentals currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
