SlateStone Wealth LLC Buys 284 Shares of United Rentals, Inc. $URI

SlateStone Wealth LLC grew its position in shares of United Rentals, Inc. (NYSE:URI) by 4.7% during the second quarter, Holdings Channel.com reports. The fund owned 6,371 shares of the construction company’s stock after purchasing an additional 284 shares during the quarter. SlateStone Wealth LLC’s holdings in United Rentals were worth $4,800,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in URI. CreativeOne Wealth LLC increased its position in shares of United Rentals by 0.5% during the 2nd quarter. CreativeOne Wealth LLC now owns 2,283 shares of the construction company’s stock valued at $1,720,000 after purchasing an additional 11 shares during the last quarter. Bank of Jackson Hole Trust increased its stake in shares of United Rentals by 12.0% during the 2nd quarter. Bank of Jackson Hole Trust now owns 112 shares of the construction company’s stock worth $84,000 after purchasing an additional 12 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in United Rentals by 5.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company’s stock valued at $199,000 after purchasing an additional 13 shares during the last quarter. Cooper Financial Group grew its holdings in United Rentals by 1.6% during the second quarter. Cooper Financial Group now owns 807 shares of the construction company’s stock valued at $608,000 after purchasing an additional 13 shares during the period. Finally, American Trust increased its position in United Rentals by 1.1% in the first quarter. American Trust now owns 1,242 shares of the construction company’s stock worth $778,000 after buying an additional 14 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 1.5%

NYSE:URI opened at $812.10 on Tuesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84. The firm’s 50-day moving average price is $913.25 and its 200-day moving average price is $847.85. The company has a market capitalization of $51.67 billion, a PE ratio of 20.89, a P/E/G ratio of 1.97 and a beta of 1.73. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47.

United Rentals (NYSE:URI) last issued its quarterly 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 company had revenue of $4.23 billion for the quarter, compared to the consensus estimate 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 was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $11.80 earnings per share. United Rentals has set its FY 2025 guidance at EPS. On average, equities analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm 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 payout ratio is presently 18.42%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. 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 target price for the company in a research report on Tuesday, September 16th. KeyCorp reaffirmed an “overweight” rating on shares of United Rentals in a research note on Friday, October 24th. Robert W. Baird raised shares of United Rentals from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $888.00 to $1,050.00 in a research note on Wednesday, October 1st. Finally, Truist Financial set a $1,169.00 price target on United Rentals in a research report on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $975.61.

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.