12,540 Shares in United Rentals, Inc. $URI Purchased by Midwest Trust Co

Midwest Trust Co bought a new stake in United Rentals, Inc. (NYSE:URI) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 12,540 shares of the construction company’s stock, valued at approximately $9,448,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Leavell Investment Management Inc. grew its holdings in shares of United Rentals by 3.6% in the first quarter. Leavell Investment Management Inc. now owns 515 shares of the construction company’s stock valued at $323,000 after purchasing an additional 18 shares in the last quarter. Ballentine Partners LLC lifted its holdings in United Rentals by 19.9% during the 1st quarter. Ballentine Partners LLC now owns 1,303 shares of the construction company’s stock worth $817,000 after buying an additional 216 shares in the last quarter. Realta Investment Advisors boosted its position in United Rentals by 25.2% in the 1st quarter. Realta Investment Advisors now owns 457 shares of the construction company’s stock valued at $286,000 after buying an additional 92 shares during the period. New York State Common Retirement Fund boosted its position in United Rentals by 6.6% in the 1st quarter. New York State Common Retirement Fund now owns 45,950 shares of the construction company’s stock valued at $28,797,000 after buying an additional 2,862 shares during the period. Finally, Westmount Partners LLC grew its stake in shares of United Rentals by 19.1% in the first quarter. Westmount Partners LLC now owns 623 shares of the construction company’s stock worth $391,000 after acquiring an additional 100 shares in the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Trading Up 0.1%

URI opened at $846.21 on Monday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90. United Rentals, Inc. has a one year low of $525.91 and a one year high of $1,021.47. The company has a market cap of $53.84 billion, a P/E ratio of 21.76, a PEG ratio of 1.97 and a beta of 1.73. The business’s 50-day simple moving average is $942.78 and its 200-day simple moving average is $834.34.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing the consensus estimate of $12.43 by ($0.73). The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm earned $11.80 EPS. United Rentals has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be given a dividend of $1.79 per share. 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 payout ratio is currently 18.42%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on URI shares. KeyCorp reiterated an “overweight” rating on shares of United Rentals in a research note on Friday, October 24th. Truist Financial set a $1,169.00 target price on United Rentals in a research note on Friday, October 24th. Royal Bank Of Canada set a $1,123.00 price target on United Rentals in a research report on Friday, October 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of United Rentals in a research note on Wednesday, October 8th. Finally, BNP Paribas Exane raised United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price objective for the company in a research report on Tuesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.