Sonora Investment Management Group LLC Reduces Stock Position in United Rentals, Inc. $URI

Sonora Investment Management Group LLC cut its holdings in shares of United Rentals, Inc. (NYSE:URI) by 1.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,035 shares of the construction company’s stock after selling 17 shares during the quarter. Sonora Investment Management Group LLC’s holdings in United Rentals were worth $780,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of URI. Wealth Enhancement Advisory Services LLC increased its holdings in United Rentals by 15.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,371 shares of the construction company’s stock worth $4,488,000 after purchasing an additional 839 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of United Rentals by 14.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 251 shares of the construction company’s stock worth $157,000 after acquiring an additional 31 shares in the last quarter. Versant Capital Management Inc grew its position in shares of United Rentals by 22.1% in the 1st quarter. Versant Capital Management Inc now owns 160 shares of the construction company’s stock worth $100,000 after acquiring an additional 29 shares in the last quarter. Moody National Bank Trust Division grew its position in shares of United Rentals by 5.7% in the 1st quarter. Moody National Bank Trust Division now owns 389 shares of the construction company’s stock worth $244,000 after acquiring an additional 21 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of United Rentals by 77,674.5% in the 1st quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company’s stock worth $556,138,000 after acquiring an additional 886,266 shares in the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Trading Up 1.7%

Shares of URI stock opened at $947.47 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. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $980.53. The stock has a fifty day moving average of $913.99 and a two-hundred day moving average of $761.68. The firm has a market capitalization of $60.96 billion, a PE ratio of 24.50, a price-to-earnings-growth ratio of 2.19 and a beta of 1.72.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (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 business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same quarter last year, the firm posted $10.70 EPS. The company’s revenue was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. As a group, research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders 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 yield of 0.8%. The ex-dividend date was Wednesday, August 13th. United Rentals’s payout ratio is 18.52%.

Wall Street Analysts Forecast Growth

URI has been the subject of several research reports. Sanford C. Bernstein set a $1,128.00 target price on United Rentals and gave the stock an “outperform” rating in a research report on Tuesday, September 23rd. Evercore ISI restated an “outperform” rating on shares of United Rentals in a research report on Tuesday, August 19th. Redburn Atlantic lowered United Rentals from a “buy” rating to a “neutral” rating and set a $760.00 price objective for the company. in a research report on Friday, June 13th. Argus set a $935.00 price objective on United Rentals in a research report on Tuesday, August 12th. Finally, UBS Group boosted their price objective on United Rentals from $780.00 to $835.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $911.06.

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.