United Rentals, Inc. $URI is Court Place Advisors LLC's 2nd Largest Position

Key Points

• Court Place Advisors LLC has reduced its stake in United Rentals by 1.9%, now holding 27,298 shares, which represents 6.5% of its portfolio, making it the firm's second largest position.
• United Rentals reported earnings per share (EPS) of $10.47 for the latest quarter, slightly missing analyst estimates, while revenue reached $3.94 billion, exceeding expectations.
• The company recently declared a quarterly dividend of $1.79 per share, resulting in an annualized dividend yield of 0.7% and a payout ratio of 18.52%.

Court Place Advisors LLC trimmed its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,298 shares of the construction company's stock after selling 539 shares during the period. United Rentals makes up about 6.5% of Court Place Advisors LLC's portfolio, making the stock its 2nd biggest position. Court Place Advisors LLC's holdings in United Rentals were worth $20,566,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Fourth Dimension Wealth LLC purchased a new stake in United Rentals in the first quarter valued at $26,000. TruNorth Capital Management LLC raised its stake in shares of United Rentals by 1,266.7% during the 1st 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 last quarter. Flaharty Asset Management LLC acquired a new position in shares of United Rentals in the 1st quarter valued at about $30,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of United Rentals by 69.0% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock valued at $31,000 after buying an additional 20 shares during the period. Finally, Maseco LLP purchased a new stake in shares of United Rentals in the second quarter worth about $32,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Trading Up 0.6%

Shares of NYSE:URI opened at $994.89 on Thursday. The business's 50 day moving average price is $933.80 and its 200-day moving average price is $780.27. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,004.92. The firm has a market capitalization of $64.01 billion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 2.29 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 issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing the consensus estimate of $10.54 by ($0.07). The company 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%.United Rentals'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 EPS. United Rentals has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared 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 dividend yield of 0.7%. The ex-dividend date was Wednesday, August 13th. United Rentals's dividend payout ratio is 18.52%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Truist Financial lifted their price target on United Rentals from $952.00 to $1,194.00 and gave the company a "buy" rating in a research report on Wednesday. BNP Paribas Exane raised shares of 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. Baird R W raised shares of United Rentals from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 1st. Bank of America raised their price target on shares of United Rentals from $895.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of United Rentals in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, United Rentals currently has a consensus rating of "Moderate Buy" and an average target price of $956.13.

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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