Inspire Investing LLC Reduces Stake in United Rentals, Inc. $URI

Inspire Investing LLC reduced its position in United Rentals, Inc. (NYSE:URI) by 5.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,989 shares of the construction company’s stock after selling 351 shares during the period. Inspire Investing LLC’s holdings in United Rentals were worth $4,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its stake in shares of United Rentals by 5.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company’s stock worth $199,000 after buying an additional 13 shares during the last quarter. Cooper Financial Group raised its holdings in United Rentals by 1.6% in the 2nd quarter. Cooper Financial Group now owns 807 shares of the construction company’s stock worth $608,000 after purchasing an additional 13 shares during the period. American Trust raised its holdings in United Rentals by 1.1% in the 1st quarter. American Trust now owns 1,242 shares of the construction company’s stock worth $778,000 after purchasing an additional 14 shares during the period. CX Institutional raised its holdings in United Rentals by 2.5% in the 2nd quarter. CX Institutional now owns 585 shares of the construction company’s stock worth $441,000 after purchasing an additional 14 shares during the period. Finally, Leavell Investment Management Inc. raised its holdings in United Rentals by 3.6% in the 1st quarter. Leavell Investment Management Inc. now owns 515 shares of the construction company’s stock worth $323,000 after purchasing an additional 18 shares during the period. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Price Performance

NYSE:URI 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. The business’s 50-day simple moving average is $937.56 and its two-hundred day simple moving average is $784.61. The stock 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, Inc. has a 52 week low of $525.91 and a 52 week high of $1,004.92.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 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 the consensus estimate of $3.90 billion. During the same period in the prior year, the business earned $10.70 earnings per share. United Rentals’s revenue was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. As a group, analysts forecast 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. 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 0.8%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals’s payout ratio is 18.52%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Bank of America raised their target price on United Rentals from $895.00 to $900.00 and gave the stock 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 raised their target price for the stock from $888.00 to $1,050.00 in a report on Wednesday, October 1st. Evercore ISI reaffirmed an “outperform” rating on shares of United Rentals in a report on Tuesday, August 19th. Barclays raised their target price on United Rentals from $565.00 to $620.00 and gave the stock an “underweight” rating in a report on Monday, July 21st. Finally, UBS Group raised their price target on United Rentals from $780.00 to $835.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Two investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.