Inspire Advisors LLC Reduces Stock Holdings in United Rentals, Inc. $URI

Inspire Advisors LLC reduced its position in shares of United Rentals, Inc. (NYSE:URI) by 25.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,025 shares of the construction company’s stock after selling 351 shares during the quarter. Inspire Advisors LLC’s holdings in United Rentals were worth $772,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Empowered Funds LLC increased its holdings in shares of United Rentals by 21.2% during the 2nd quarter. Empowered Funds LLC now owns 8,354 shares of the construction company’s stock worth $6,294,000 after buying an additional 1,459 shares during the last quarter. Vanguard Group Inc. lifted its holdings in United Rentals by 1.0% in the second quarter. Vanguard Group Inc. now owns 7,494,303 shares of the construction company’s stock valued at $5,646,208,000 after acquiring an additional 72,267 shares during the last quarter. Pinnacle Wealth Planning Services Inc. grew its position in United Rentals by 32.3% in the second quarter. Pinnacle Wealth Planning Services Inc. now owns 749 shares of the construction company’s stock worth $564,000 after acquiring an additional 183 shares during the period. Nordwand Advisors LLC acquired a new stake in United Rentals during the second quarter worth $7,982,000. Finally, Nomura Asset Management Co. Ltd. raised its position in United Rentals by 4.8% in the second quarter. Nomura Asset Management Co. Ltd. now owns 21,733 shares of the construction company’s stock valued at $16,374,000 after purchasing an additional 991 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on URI shares. Citigroup reiterated a “buy” rating on shares of United Rentals in a report on Thursday, October 23rd. BNP Paribas Exane raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 target price on the stock in a research report on Tuesday, September 16th. KeyCorp reiterated an “overweight” rating on shares of United Rentals in a research report on Friday, October 24th. Argus set a $935.00 price target on shares of United Rentals in a research note on Tuesday, August 12th. Finally, Wells Fargo & Company assumed coverage on shares of United Rentals in a report on Thursday, November 13th. They issued an “overweight” rating and a $995.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $975.61.

United Rentals Stock Down 0.8%

Shares of NYSE:URI opened at $799.86 on Wednesday. The firm’s 50-day moving average is $925.53 and its two-hundred day moving average is $844.02. 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 1 year low of $525.91 and a 1 year high of $1,021.47. The firm has a market capitalization of $50.90 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 1.97 and a beta of 1.74.

United Rentals (NYSE:URI) last announced its quarterly earnings data 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 business had revenue of $4.23 billion during 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%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $11.80 EPS. United Rentals has set its FY 2025 guidance at EPS. Analysts predict that United Rentals, Inc. will post 44.8 EPS for the current 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. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.9%. United Rentals’s dividend payout ratio is currently 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.