Leibman Financial Services Inc. Cuts Stake in United Rentals, Inc. $URI

Key Points

• Leibman Financial Services Inc. reduced its holdings in United Rentals, Inc. by 18.1%, owning 5,410 shares worth approximately $4.08 million as of the latest SEC filing.
• United Rentals reported a quarterly EPS of $10.47, missing estimates, but saw revenue of $3.94 billion, surpassing expectations by $0.04 billion, representing a 4.5% year-over-year growth.
• The company declared a quarterly dividend of $1.79 per share, yielding approximately 0.7% and maintaining a payout ratio of 18.52%.

Leibman Financial Services Inc. decreased its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 18.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,410 shares of the construction company's stock after selling 1,193 shares during the period. United Rentals makes up about 3.1% of Leibman Financial Services Inc.'s holdings, making the stock its 8th largest holding. Leibman Financial Services Inc.'s holdings in United Rentals were worth $4,076,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. New England Research & Management Inc. boosted its stake in United Rentals by 0.5% during the second quarter. New England Research & Management Inc. now owns 8,785 shares of the construction company's stock valued at $6,619,000 after buying an additional 40 shares during the period. Czech National Bank lifted its stake in United Rentals by 5.9% during the second quarter. Czech National Bank now owns 15,888 shares of the construction company's stock worth $11,970,000 after purchasing an additional 888 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted 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 purchasing an additional 13 shares during the last quarter. Adamsbrown Wealth Consultants LLC bought a new stake in United Rentals during the second quarter worth about $242,000. Finally, Atwood & Palmer Inc. lifted its stake in United Rentals by 0.5% during the second quarter. Atwood & Palmer Inc. now owns 57,371 shares of the construction company's stock worth $43,223,000 after purchasing an additional 269 shares during the last quarter. Institutional investors own 96.26% of the company's stock.

United Rentals Price Performance

Shares of NYSE URI traded down $1.53 during mid-day trading on Friday, reaching $941.26. The company's stock had a trading volume of 1,035,014 shares, compared to its average volume of 515,625. The firm has a market capitalization of $60.56 billion, a PE ratio of 24.34, a P/E/G ratio of 2.18 and a beta of 1.72. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80. The stock has a fifty day moving average of $900.44 and a two-hundred day moving average of $750.25. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $980.53.

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

United Rentals Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on URI. Morgan Stanley boosted their target price on United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Argus set a $935.00 price target on United Rentals in a research report on Tuesday, August 12th. Citigroup reaffirmed a "buy" rating and set a $810.00 price target (up previously from $740.00) on shares of United Rentals in a research report on Tuesday, June 24th. KeyCorp upped their price target on United Rentals from $960.00 to $1,075.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Finally, BNP Paribas set a $900.00 target price on United Rentals and gave the stock a "neutral" rating in a research report on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $850.00.

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.