Smithbridge Asset Management Inc. DE Decreases Stock Holdings in United Rentals, Inc. $URI

Key Points

• Smithbridge Asset Management Inc. DE has decreased its stake in United Rentals, Inc. by 5.3%, now holding 14,454 shares valued at approximately $10.89 million.
• United Rentals reported earnings per share (EPS) of $10.47 for the last quarter, missing analysts' expectations, although its revenue was slightly above forecasts at $3.94 billion.
• The company has announced a quarterly dividend of $1.79, which equates to an annual yield of 0.7% and a payout ratio of 18.52%.

Smithbridge Asset Management Inc. DE reduced its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 5.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,454 shares of the construction company's stock after selling 801 shares during the quarter. United Rentals accounts for approximately 1.9% of Smithbridge Asset Management Inc. DE's holdings, making the stock its 13th biggest position. Smithbridge Asset Management Inc. DE's holdings in United Rentals were worth $10,890,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Fourth Dimension Wealth LLC purchased a new stake in shares of United Rentals during the 1st quarter worth approximately $26,000. TruNorth Capital Management LLC increased its stake in shares of United Rentals by 1,266.7% during the first 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 purchased a new position in shares of United Rentals during the first quarter valued at $30,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in United Rentals by 69.0% during the first 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 in the last quarter. Finally, Maseco LLP bought a new stake in United Rentals during the second quarter valued at about $32,000. 96.26% of the stock is currently owned by institutional investors.

United Rentals Trading Down 1.4%

NYSE:URI opened at $1,005.61 on Friday. The business's 50-day moving average is $948.48 and its two-hundred day moving average is $794.67. 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, Inc. has a 12 month low of $525.91 and a 12 month high of $1,021.47. The firm has a market capitalization of $64.70 billion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 2.35 and a beta of 1.73.

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 analysts' consensus estimates of $10.54 by ($0.07). The business had revenue of $3.94 billion for 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 was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $10.70 earnings per share. 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 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 given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, August 13th. United Rentals's dividend payout ratio is 18.52%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. UBS Group lifted their target price on United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. lifted their price target on United Rentals from $1,000.00 to $1,150.00 and gave the stock an "overweight" rating in a research note on Monday, September 22nd. BNP Paribas Exane raised United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 price objective on the stock in a research note on Tuesday, September 16th. Morgan Stanley upped their price target on United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Finally, Argus set a $935.00 price target on United Rentals in a report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $956.13.

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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