Mitchell Mcleod Pugh & Williams Inc. lessened its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 44.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 525 shares of the construction company's stock after selling 420 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.'s holdings in United Rentals were worth $396,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of URI. GAMMA Investing LLC increased its holdings in United Rentals by 24.1% in the 1st quarter. GAMMA Investing LLC now owns 1,416 shares of the construction company's stock worth $887,000 after buying an additional 275 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in 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 worth $4,488,000 after buying an additional 789 shares during the period. Dynamic Advisor Solutions LLC acquired a new position in United Rentals in the 1st quarter worth approximately $602,000. Brighton Jones LLC increased its holdings in United Rentals by 5.4% in the 1st quarter. Brighton Jones LLC now owns 504 shares of the construction company's stock worth $316,000 after buying an additional 26 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in United Rentals by 10.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 28,894 shares of the construction company's stock worth $18,108,000 after purchasing an additional 2,702 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.
United Rentals Trading Up 1.9%
Shares of NYSE:URI opened at $1,019.62 on Thursday. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,021.36. The firm has a market capitalization of $65.60 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 2.31 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. The business's 50 day moving average price is $945.47 and its 200-day moving average price is $792.05.
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). 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 for the quarter, compared to analysts' expectations of $3.90 billion. During the same quarter last year, the business earned $10.70 EPS. The company's quarterly revenue was up 4.5% on a year-over-year basis. 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 Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were paid a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals's dividend payout ratio is currently 18.52%.
Analysts Set New Price Targets
Several research firms have commented on URI. Weiss Ratings restated a "hold (c+)" rating on shares of United Rentals in a research report on Wednesday, October 8th. BNP Paribas set a $900.00 price objective on United Rentals and gave the stock a "neutral" rating in a research report on Tuesday, September 16th. UBS Group upped their price objective on United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. BNP Paribas Exane upgraded United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 price objective on the stock in a research report on Tuesday, September 16th. Finally, Robert W. Baird upgraded United Rentals from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $888.00 to $1,050.00 in a research report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $956.13.
Get Our Latest Research Report on URI
About United Rentals
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding URI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Rentals, Inc. (NYSE:URI - Free Report).

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