Mcrae Capital Management Inc. Has $13.02 Million Stake in United Rentals, Inc. $URI

Mcrae Capital Management Inc. lowered its holdings in United Rentals, Inc. (NYSE:URI) by 1.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,282 shares of the construction company’s stock after selling 200 shares during the quarter. United Rentals accounts for about 2.7% of Mcrae Capital Management Inc.’s investment portfolio, making the stock its 17th largest position. Mcrae Capital Management Inc.’s holdings in United Rentals were worth $13,021,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of United Rentals during the second quarter valued at approximately $298,000. Access Investment Management LLC bought a new stake in United Rentals in the 2nd quarter valued at $24,021,000. Roundview Capital LLC raised its stake in shares of United Rentals by 9.2% in the 2nd quarter. Roundview Capital LLC now owns 5,909 shares of the construction company’s stock valued at $4,452,000 after buying an additional 496 shares in the last quarter. Callahan Advisors LLC raised its stake in shares of United Rentals by 2.3% in the 2nd quarter. Callahan Advisors LLC now owns 11,584 shares of the construction company’s stock valued at $8,727,000 after buying an additional 264 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of United Rentals by 6.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 20,362 shares of the construction company’s stock worth $15,341,000 after acquiring an additional 1,263 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on URI shares. Barclays dropped their price target on shares of United Rentals from $620.00 to $600.00 and set an “underweight” rating for the company in a research report on Monday, October 20th. Royal Bank Of Canada set a $1,123.00 target price on United Rentals in a report on Friday, October 24th. BNP Paribas Exane upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price target on the stock in a research report on Tuesday, September 16th. Citigroup reiterated a “buy” rating on shares of United Rentals in a research note on Thursday, October 23rd. Finally, Robert W. Baird raised United Rentals from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $888.00 to $1,050.00 in a report on Wednesday, October 1st. Two 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $974.47.

United Rentals Stock Performance

Shares of NYSE:URI opened at $845.34 on Friday. The stock has a market capitalization of $53.79 billion, a P/E ratio of 21.74, a P/E/G ratio of 1.97 and a beta of 1.73. 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, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47. The business has a 50-day moving average price of $945.01 and a two-hundred day moving average price of $828.93.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 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 analyst estimates of $4.16 billion. United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $11.80 earnings per share. United Rentals has set its FY 2025 guidance at EPS. Equities analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be issued a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, November 12th. United Rentals’s dividend payout ratio is 18.42%.

About United Rentals

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.