United Rentals, Inc. $URI Shares Sold by Conning Inc.

Conning Inc. decreased its holdings in United Rentals, Inc. (NYSE:URI) by 2.6% in the second quarter, Holdings Channel reports. The fund owned 640 shares of the construction company’s stock after selling 17 shares during the period. Conning Inc.’s holdings in United Rentals were worth $482,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of URI. Trust Co. of Toledo NA OH acquired a new stake in shares of United Rentals in the 2nd quarter worth $38,000. SLT Holdings LLC increased its stake in shares of United Rentals by 11.2% in the 2nd quarter. SLT Holdings LLC now owns 666 shares of the construction company’s stock worth $502,000 after acquiring an additional 67 shares during the last quarter. Aberdeen Group plc increased its position in United Rentals by 6.6% during the second quarter. Aberdeen Group plc now owns 51,049 shares of the construction company’s stock worth $38,460,000 after purchasing an additional 3,151 shares during the last quarter. PDS Planning Inc increased its position in United Rentals by 12.5% during the second quarter. PDS Planning Inc now owns 550 shares of the construction company’s stock worth $414,000 after purchasing an additional 61 shares during the last quarter. Finally, Blue Trust Inc. increased its position in United Rentals by 12.3% during the second quarter. Blue Trust Inc. now owns 348 shares of the construction company’s stock worth $262,000 after purchasing an additional 38 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on URI. UBS Group raised their target price on United Rentals from $780.00 to $835.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Citigroup raised their price objective on United Rentals from $1,000.00 to $1,080.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. BNP Paribas set a $900.00 price objective on United Rentals and gave the stock a “neutral” rating in a research report on Tuesday, September 16th. Truist Financial lifted their price target on shares of United Rentals from $952.00 to $1,194.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, KeyCorp lifted their price target on shares of United Rentals from $1,075.00 to $1,120.00 and gave the company an “overweight” rating in a research report on Thursday, September 25th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $956.13.

United Rentals Trading Down 2.9%

Shares of URI stock opened at $951.67 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. The stock has a market capitalization of $61.23 billion, a P/E ratio of 24.61, a price-to-earnings-growth ratio of 2.20 and a beta of 1.73. The company has a 50 day moving average price of $937.56 and a 200 day moving average price of $785.60. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,004.92.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing analysts’ consensus estimates of $10.54 by ($0.07). The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. Equities research analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals’s payout ratio is presently 18.52%.

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.