Baer Investment Advisory LLC Trims Position in United Rentals, Inc. $URI

Baer Investment Advisory LLC decreased its position in shares of United Rentals, Inc. (NYSE:URI) by 3.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 3,081 shares of the construction company’s stock after selling 121 shares during the period. United Rentals accounts for approximately 3.3% of Baer Investment Advisory LLC’s portfolio, making the stock its 16th largest holding. Baer Investment Advisory LLC’s holdings in United Rentals were worth $2,321,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in United Rentals by 0.4% during the first quarter. Vanguard Group Inc. now owns 7,422,036 shares of the construction company’s stock worth $4,651,390,000 after purchasing an additional 29,501 shares during the period. JPMorgan Chase & Co. raised its stake in United Rentals by 98.1% during the first quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company’s stock worth $685,488,000 after purchasing an additional 541,579 shares during the period. The Manufacturers Life Insurance Company raised its stake in United Rentals by 28.8% during the first quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company’s stock worth $532,561,000 after purchasing an additional 190,007 shares during the period. Nordea Investment Management AB raised its stake in United Rentals by 6.4% during the second quarter. Nordea Investment Management AB now owns 749,276 shares of the construction company’s stock worth $565,374,000 after purchasing an additional 44,854 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in United Rentals by 22.3% during the first quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company’s stock worth $414,406,000 after purchasing an additional 120,449 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on URI shares. BNP Paribas Exane raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price target on the stock in a research note on Tuesday, September 16th. UBS Group raised their target price on shares of United Rentals from $780.00 to $835.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Robert W. Baird raised shares of United Rentals from a “neutral” rating to an “outperform” rating and raised their target price for the company from $888.00 to $1,050.00 in a research note on Wednesday, October 1st. Morgan Stanley raised their target price on shares of United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Finally, Barclays cut their target price on shares of United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a research note on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $963.29.

United Rentals Price Performance

URI opened at $914.17 on Monday. The company has a fifty day simple moving average of $956.27 and a 200 day simple moving average of $813.43. The firm has a market cap of $58.17 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 2.05 and a beta of 1.73. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $1,021.47. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.16 billion. United Rentals had a net margin of 15.83% and a return on equity of 31.30%. United Rentals’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $11.80 earnings per share. United Rentals has set its FY 2025 guidance at EPS. Equities research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 12th. United Rentals’s dividend payout ratio (DPR) is presently 18.42%.

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.