Truist Financial Corp Lowers Position in United Rentals, Inc. $URI

Truist Financial Corp trimmed its stake in United Rentals, Inc. (NYSE:URI) by 1.7% in the second quarter, Holdings Channel.com reports. The firm owned 14,274 shares of the construction company’s stock after selling 252 shares during the quarter. Truist Financial Corp’s holdings in United Rentals were worth $10,754,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Elevation Point Wealth Partners LLC grew its holdings in United Rentals by 32.9% in the first quarter. Elevation Point Wealth Partners LLC now owns 2,220 shares of the construction company’s stock valued at $1,391,000 after purchasing an additional 550 shares during the period. Dynamic Advisor Solutions LLC purchased a new stake in United Rentals in the first quarter valued at approximately $602,000. Wealth Enhancement Advisory Services LLC grew its holdings in United Rentals by 12.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,160 shares of the construction company’s stock valued at $4,488,000 after purchasing an additional 789 shares during the period. Farther Finance Advisors LLC grew its holdings in United Rentals by 101.6% in the first quarter. Farther Finance Advisors LLC now owns 859 shares of the construction company’s stock valued at $543,000 after purchasing an additional 433 shares during the period. Finally, Brookwood Investment Group LLC acquired a new position in United Rentals during the first quarter valued at approximately $2,966,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

URI has been the topic of a number of recent research reports. 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. JPMorgan Chase & Co. lifted their price target on shares of United Rentals from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Monday, September 22nd. Robert W. Baird raised shares of United Rentals from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $888.00 to $1,050.00 in a research report on Wednesday. Evercore ISI reaffirmed an “outperform” rating on shares of United Rentals in a research report on Tuesday, August 19th. Finally, Baird R W raised shares of United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $941.00.

United Rentals Trading Up 0.4%

NYSE URI opened at $982.25 on Friday. The company’s fifty day simple moving average is $927.68 and its 200-day simple moving average is $773.82. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $997.50. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. The stock has a market cap of $63.20 billion, a P/E ratio of 25.40, a PEG ratio of 2.27 and a beta of 1.73.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing analysts’ consensus estimates of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same period in the previous year, the firm posted $10.70 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals’s payout ratio is presently 18.52%.

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.