Amalgamated Bank Sells 381 Shares of United Rentals, Inc. $URI

Amalgamated Bank cut its position in United Rentals, Inc. (NYSE:URI) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,701 shares of the construction company’s stock after selling 381 shares during the quarter. Amalgamated Bank’s holdings in United Rentals were worth $9,569,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. TruNorth Capital Management LLC increased its holdings in United Rentals by 1,266.7% in the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock valued at $26,000 after purchasing an additional 38 shares during the period. Maseco LLP bought a new position in shares of United Rentals during the second quarter worth about $32,000. Flaharty Asset Management LLC bought a new position in shares of United Rentals during the first quarter worth about $30,000. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of United Rentals by 69.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock worth $31,000 after acquiring an additional 20 shares during the last quarter. Finally, Trust Co. of Toledo NA OH bought a new position in shares of United Rentals during the second quarter worth about $38,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Trading Down 1.3%

NYSE URI opened at $859.13 on Friday. The stock has a market capitalization of $54.67 billion, a P/E ratio of 22.10, a P/E/G ratio of 1.97 and a beta of 1.73. The business has a 50 day simple moving average of $953.97 and a 200 day simple moving average of $819.82. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84. United Rentals, Inc. has a one year low of $525.91 and a one year high of $1,021.47.

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

United Rentals Dividend Announcement

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

Wall Street Analysts Forecast Growth

URI has been the subject of a number of analyst reports. Bank of America raised their price objective on United Rentals from $895.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Sanford C. Bernstein set a $1,128.00 price objective on United Rentals and gave the stock an “outperform” rating in a research report on Tuesday, September 23rd. Truist Financial set a $1,169.00 price objective on United Rentals in a research report on Friday, October 24th. Argus set a $935.00 price objective on United Rentals in a research report on Tuesday, August 12th. Finally, Barclays lowered their price objective on United Rentals from $620.00 to $600.00 and set an “underweight” rating for the company in a research report on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $974.47.

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.