Plato Investment Management Ltd Sells 717 Shares of United Rentals, Inc. $URI

Key Points

• Plato Investment Management Ltd reduced its holdings in United Rentals, Inc. by 26.4%, selling 717 shares and leaving it with 2,001 shares valued at approximately $1.27 million.
• United Rentals recently reported earnings per share of $10.47, falling short of analysts' expectations by $0.07, although revenue for the quarter increased by 4.5% compared to the previous year.
• The company declared a quarterly dividend of $1.79, resulting in an annualized yield of 0.8%, with a payout ratio currently at 18.52%.

Plato Investment Management Ltd cut its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 26.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,001 shares of the construction company's stock after selling 717 shares during the quarter. Plato Investment Management Ltd's holdings in United Rentals were worth $1,268,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Fourth Dimension Wealth LLC bought a new position in United Rentals during the first quarter valued at approximately $26,000. TruNorth Capital Management LLC boosted its stake 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 purchasing an additional 38 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of United Rentals by 69.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock valued at $31,000 after purchasing an additional 20 shares during the last quarter. Grove Bank & Trust purchased a new position in United Rentals in the 1st quarter worth $36,000. Finally, NBC Securities Inc. purchased a new position in United Rentals in the 1st quarter worth $40,000. Institutional investors own 96.26% of the company's stock.

United Rentals Stock Performance

Shares of URI stock opened at $944.43 on Thursday. The firm has a market capitalization of $60.76 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 2.19 and a beta of 1.72. The stock has a fifty day moving average of $879.76 and a 200 day moving average of $734.16. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $980.53. 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 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 company had revenue of $3.94 billion for the quarter, compared to analysts' expectations of $3.90 billion. During the same period in the previous year, the firm posted $10.70 earnings per share. 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 expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals's dividend payout ratio is presently 18.52%.

Analyst Ratings Changes

Several analysts have issued reports on URI shares. Argus set a $935.00 price target on shares of United Rentals in a research report on Tuesday, August 12th. Bank of America increased their target price on United Rentals from $895.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Redburn Atlantic cut United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price target on the stock. in a research note on Friday, June 13th. JPMorgan Chase & Co. boosted their price objective on United Rentals from $920.00 to $950.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Finally, KeyCorp increased 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, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, United Rentals has a consensus rating of "Moderate Buy" and an average price target of $842.86.

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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