North Point Portfolio Managers Corp OH Sells 298 Shares of United Rentals, Inc. $URI

Key Points

• North Point Portfolio Managers Corp OH reduced its stake in United Rentals by 1.2%, selling 298 shares in the second quarter, leaving them with a total of 24,267 shares worth approximately $18.3 million.
• Analysts have a positive outlook for United Rentals, with a current average rating of "Moderate Buy" and a target price of $956.13, while two analysts have rated it a Strong Buy.
• The company recently announced a quarterly dividend of $1.79 per share, reflecting an annual yield of 0.7% and a payout ratio of 18.52%.

North Point Portfolio Managers Corp OH lowered its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 1.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,267 shares of the construction company's stock after selling 298 shares during the quarter. United Rentals accounts for 3.1% of North Point Portfolio Managers Corp OH's portfolio, making the stock its 11th biggest holding. North Point Portfolio Managers Corp OH's holdings in United Rentals were worth $18,283,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Roundview Capital LLC boosted its holdings in United Rentals by 9.2% during the 2nd quarter. Roundview Capital LLC now owns 5,909 shares of the construction company's stock valued at $4,452,000 after acquiring an additional 496 shares during the period. Callahan Advisors LLC lifted its holdings in shares of United Rentals by 2.3% in the 2nd quarter. Callahan Advisors LLC now owns 11,584 shares of the construction company's stock worth $8,727,000 after buying an additional 264 shares during the period. Ascent Group LLC purchased a new stake in shares of United Rentals in the 2nd quarter worth $221,000. Equitable Trust Co. purchased a new stake in shares of United Rentals in the 2nd quarter worth $3,155,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of United Rentals by 12.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,160 shares of the construction company's stock worth $4,488,000 after buying an additional 789 shares during the period. Hedge funds and other institutional investors own 96.26% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Weiss Ratings reiterated a "hold (c+)" rating on shares of United Rentals in a report on Wednesday, October 8th. Baird R W upgraded United Rentals from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 1st. Argus set a $935.00 target price on United Rentals in a report on Tuesday, August 12th. BNP Paribas Exane upgraded United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 target price for the company in a report on Tuesday, September 16th. Finally, JPMorgan Chase & Co. upped their target price on United Rentals from $1,000.00 to $1,150.00 and gave the stock an "overweight" rating in a report on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $956.13.

United Rentals Price Performance

Shares of URI stock opened at $979.96 on Monday. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47. The stock's 50-day moving average is $950.90 and its 200 day moving average is $799.56. The company has a market cap of $63.05 billion, a P/E ratio of 25.34, a PEG ratio of 2.26 and a beta of 1.73. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80.

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 business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same period in the prior year, the company earned $10.70 earnings per share. The company's quarterly revenue was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. Research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

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

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