United Rentals, Inc. $URI Shares Sold by Louisbourg Investments Inc.

Key Points

• Louisbourg Investments Inc. reduced its stake in United Rentals by 9.3% during Q2, now holding 8,308 shares valued at approximately $6.26 million.
• United Rentals reported $10.47 earnings per share in its latest earnings, missing estimates, but with quarterly revenue increasing by 4.5% year-over-year.
• The company's quarterly dividend was set at $1.79 per share, representing an annual yield of 0.8% and a payout ratio of 18.52%.

Louisbourg Investments Inc. lowered its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 9.3% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 8,308 shares of the construction company's stock after selling 850 shares during the quarter. United Rentals comprises about 1.4% of Louisbourg Investments Inc.'s portfolio, making the stock its 28th largest position. Louisbourg Investments Inc.'s holdings in United Rentals were worth $6,259,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC lifted its position in United Rentals by 32.9% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 2,220 shares of the construction company's stock worth $1,391,000 after acquiring an additional 550 shares during the period. Dynamic Advisor Solutions LLC acquired a new position in shares of United Rentals in the 1st quarter valued at about $602,000. Roundview Capital LLC lifted its holdings in shares of United Rentals by 9.2% in the 2nd quarter. Roundview Capital LLC now owns 5,909 shares of the construction company's stock valued at $4,452,000 after buying an additional 496 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of United Rentals by 12.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,160 shares of the construction company's stock valued at $4,488,000 after buying an additional 789 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of United Rentals by 101.6% in the 1st quarter. Farther Finance Advisors LLC now owns 859 shares of the construction company's stock valued at $543,000 after buying an additional 433 shares during the period. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Price Performance

Shares of United Rentals stock opened at $951.67 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $1,004.92. The business has a 50-day moving average price of $937.56 and a 200 day moving average price of $784.61. The firm has a market cap of $61.23 billion, a PE ratio of 24.61, a P/E/G ratio of 2.27 and a beta of 1.73.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings results 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). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The business had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $3.90 billion. During the same quarter in the prior year, the firm earned $10.70 EPS. United Rentals's revenue for the quarter was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. Sell-side 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 disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, August 13th. United Rentals's payout ratio is 18.52%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on URI shares. Evercore ISI reissued an "outperform" rating on shares of United Rentals in a report on Tuesday, August 19th. Bank of America boosted their price objective on United Rentals from $895.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Robert W. Baird raised United Rentals from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $888.00 to $1,050.00 in a report on Wednesday, October 1st. Sanford C. Bernstein set a $1,128.00 price objective on United Rentals and gave the company an "outperform" rating in a report on Tuesday, September 23rd. Finally, Barclays boosted their price objective on United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a report on Monday, July 21st. Two 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, United Rentals currently has a consensus rating of "Moderate Buy" and an average price target 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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