United Rentals, Inc. $URI Shares Sold by Stratos Wealth Partners LTD.

Key Points

• Stratos Wealth Partners LTD has reduced its holdings in United Rentals, Inc. by 5.9%, retaining 11,254 shares worth approximately $8.48 million.
• United Rentals reported earnings of $10.47 per share, slightly below analysts' estimates of $10.54, despite revenues exceeding expectations at $3.94 billion.
• Analyst ratings for United Rentals show a consensus of "Moderate Buy" and an average price target of $956.13, with several firms increasing their price objectives significantly.

Stratos Wealth Partners LTD. decreased its position in United Rentals, Inc. (NYSE:URI - Free Report) by 5.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,254 shares of the construction company's stock after selling 707 shares during the period. Stratos Wealth Partners LTD.'s holdings in United Rentals were worth $8,479,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in URI. Roundview Capital LLC increased its stake in shares of United Rentals by 9.2% during the second quarter. Roundview Capital LLC now owns 5,909 shares of the construction company's stock worth $4,452,000 after purchasing an additional 496 shares in the last quarter. Callahan Advisors LLC increased its stake in shares of United Rentals by 2.3% during the second quarter. Callahan Advisors LLC now owns 11,584 shares of the construction company's stock worth $8,727,000 after purchasing an additional 264 shares in the last quarter. Ascent Group LLC purchased a new stake in shares of United Rentals during the second quarter worth about $221,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of United Rentals by 12.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,160 shares of the construction company's stock worth $4,488,000 after purchasing an additional 789 shares in the last quarter. Finally, Brookwood Investment Group LLC purchased a new stake in shares of United Rentals during the first quarter worth about $2,966,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Stock Performance

NYSE:URI opened at $979.96 on Friday. 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 firm has a market capitalization of $63.05 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 2.32 and a beta of 1.73. The company's 50-day moving average is $950.90 and its two-hundred day moving average is $797.07. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47.

United Rentals (NYSE:URI - Get Free Report) last posted its 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). The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. Analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were issued a $1.79 dividend. 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 currently 18.52%.

Analyst Ratings Changes

A number of research firms have commented on URI. BNP Paribas set a $900.00 price objective on shares of United Rentals and gave the company a "neutral" rating in a report on Tuesday, September 16th. JPMorgan Chase & Co. increased their price objective on shares of United Rentals from $1,000.00 to $1,150.00 and gave the company an "overweight" rating in a report on Monday, September 22nd. UBS Group increased their price objective on shares of United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Morgan Stanley increased their price objective on shares of United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Finally, KeyCorp increased their price objective on shares of United Rentals from $1,075.00 to $1,120.00 and gave the company an "overweight" rating in a report on Thursday, September 25th. Two investment 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 given a Sell rating to the stock. According to data from MarketBeat.com, United Rentals 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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