Prime Capital Investment Advisors LLC Sells 1,048 Shares of United Rentals, Inc. $URI

Key Points

• Prime Capital Investment Advisors LLC reduced its holdings in United Rentals, Inc. by 40.6%, selling 1,048 shares, while remaining ownership is valued at approximately $1,155,000.
• In the most recent quarter, United Rentals reported earnings of $10.47 per share, which was below analysts' expectations, despite a revenue increase of 4.5% year-over-year.
• The company has a dividend yield of 0.7%, with a recent quarterly dividend payout of $1.79 per share, reflecting a payout ratio of 18.52%.

Prime Capital Investment Advisors LLC lowered its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 40.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,533 shares of the construction company's stock after selling 1,048 shares during the period. Prime Capital Investment Advisors LLC's holdings in United Rentals were worth $1,155,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB boosted its stake in United Rentals by 5.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company's stock worth $199,000 after acquiring an additional 13 shares in the last quarter. Cooper Financial Group boosted its position in shares of United Rentals by 1.6% during the 2nd quarter. Cooper Financial Group now owns 807 shares of the construction company's stock worth $608,000 after purchasing an additional 13 shares in the last quarter. American Trust grew its stake in shares of United Rentals by 1.1% in the 1st quarter. American Trust now owns 1,242 shares of the construction company's stock valued at $778,000 after buying an additional 14 shares during the period. CX Institutional increased its position in United Rentals by 2.5% in the 2nd quarter. CX Institutional now owns 585 shares of the construction company's stock valued at $441,000 after buying an additional 14 shares in the last quarter. Finally, Leavell Investment Management Inc. raised its stake in United Rentals by 3.6% during the 1st quarter. Leavell Investment Management Inc. now owns 515 shares of the construction company's stock worth $323,000 after buying an additional 18 shares during the period. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Performance

URI stock opened at $994.89 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. The firm has a market cap of $64.01 billion, a PE ratio of 25.73, a P/E/G ratio of 2.29 and a beta of 1.73. The business has a 50 day moving average of $933.80 and a 200-day moving average of $780.27. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $1,004.92.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing the consensus estimate of $10.54 by ($0.07). The business had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The firm's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were given a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $7.16 annualized dividend and a yield of 0.7%. United Rentals's payout ratio is currently 18.52%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Argus set a $935.00 price objective on United Rentals in a report on Tuesday, August 12th. Citigroup boosted 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 note on Tuesday, September 23rd. Baird R W upgraded shares of United Rentals from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 1st. Barclays upped their target price on shares of United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a report on Monday, July 21st. Finally, Sanford C. Bernstein set a $1,128.00 price target on United Rentals and gave the company an "outperform" rating in a research note on Tuesday, September 23rd. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $956.13.

United Rentals 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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