F&V Capital Management LLC Reduces Stock Position in United Rentals, Inc. $URI

F&V Capital Management LLC cut its holdings in United Rentals, Inc. (NYSE:URI) by 0.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,796 shares of the construction company’s stock after selling 154 shares during the period. United Rentals accounts for approximately 5.7% of F&V Capital Management LLC’s portfolio, making the stock its 2nd biggest holding. F&V Capital Management LLC’s holdings in United Rentals were worth $22,448,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Fourth Dimension Wealth LLC acquired a new stake in United Rentals during the first quarter worth about $26,000. TruNorth Capital Management LLC grew its position in United Rentals by 1,266.7% during the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock worth $26,000 after buying an additional 38 shares in the last quarter. Flaharty Asset Management LLC acquired a new stake in United Rentals during the first quarter worth about $30,000. Migdal Insurance & Financial Holdings Ltd. grew its position in United Rentals by 69.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock worth $31,000 after buying an additional 20 shares in the last quarter. Finally, Maseco LLP acquired a new stake in United Rentals during the second quarter worth about $32,000. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Performance

NYSE:URI opened at $976.71 on Friday. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $980.53. The firm has a 50 day moving average of $925.81 and a 200-day moving average of $770.23. 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 capitalization of $62.84 billion, a P/E ratio of 25.26, a price-to-earnings-growth ratio of 2.23 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.54 by ($0.07). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter last year, the firm posted $10.70 EPS. The business’s revenue was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, August 13th. United Rentals’s payout ratio is 18.52%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on URI shares. 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. Truist Financial lifted their price objective on United Rentals from $786.00 to $952.00 and gave the company a “buy” rating in a report on Friday, July 25th. JPMorgan Chase & Co. lifted their price objective on United Rentals from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a report on Monday, September 22nd. Barclays lifted their price objective on United Rentals from $565.00 to $620.00 and gave the company an “underweight” rating in a report on Monday, July 21st. Finally, Redburn Atlantic downgraded United Rentals from a “buy” rating to a “neutral” rating and set a $760.00 price objective on the stock. in a report on Friday, June 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $941.00.

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.