United Rentals, Inc. $URI Holdings Lowered by Jag Capital Management LLC

Key Points

• Jag Capital Management LLC reduced its stake in United Rentals, Inc. by 31.9% in the second quarter, holding 6,746 shares valued at $5,082,000 after selling 3,163 shares.
• United Rentals reported $10.47 EPS for the latest quarter, missing estimates, but its revenue increased by 4.5% year-over-year to $3.94 billion.
• The company recently declared a quarterly dividend of $1.79 per share, representing a 0.7% dividend yield and a payout ratio of 18.52%.

Jag Capital Management LLC decreased its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 31.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,746 shares of the construction company's stock after selling 3,163 shares during the quarter. Jag Capital Management LLC's holdings in United Rentals were worth $5,082,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of URI. Cornerstone Wealth Group LLC acquired a new position in shares of United Rentals in the second quarter worth about $271,000. NorthRock Partners LLC grew its position in United Rentals by 1.7% during the 2nd quarter. NorthRock Partners LLC now owns 1,085 shares of the construction company's stock worth $817,000 after purchasing an additional 18 shares in the last quarter. Verdence Capital Advisors LLC grew its position in United Rentals by 13.0% during the 2nd quarter. Verdence Capital Advisors LLC now owns 8,086 shares of the construction company's stock worth $6,092,000 after purchasing an additional 929 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in United Rentals by 29.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,844 shares of the construction company's stock valued at $1,389,000 after purchasing an additional 424 shares during the period. Finally, Griffin Asset Management Inc. purchased a new stake in shares of United Rentals in the second quarter valued at $1,708,000. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Trading Up 2.6%

Shares of URI stock opened at $974.44 on Tuesday. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $1,004.92. The company has a market cap of $62.70 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 2.19 and a beta of 1.73. 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 business's 50 day moving average is $939.68 and its two-hundred day moving average is $789.00.

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 (EPS) for the quarter, missing the consensus estimate of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same period in the prior year, the company posted $10.70 earnings per share. United Rentals's quarterly revenue was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. Equities analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

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

Analysts Set New Price Targets

URI has been the topic of several recent analyst reports. Weiss Ratings reissued a "hold (c+)" rating on shares of United Rentals in a research report on Wednesday, October 8th. Morgan Stanley raised their price target on shares of United Rentals from $702.00 to $955.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Truist Financial boosted their price target on shares of United Rentals from $952.00 to $1,194.00 and gave the company a "buy" rating in a report on Wednesday, October 8th. BNP Paribas Exane raised United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 target price on the stock in a research report on Tuesday, September 16th. Finally, Evercore ISI reiterated an "outperform" rating on shares of United Rentals in a report on Tuesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently 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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