Optas LLC Trims Stake in United Rentals, Inc. $URI

Optas LLC reduced its holdings in shares of United Rentals, Inc. (NYSE:URI) by 1.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,164 shares of the construction company’s stock after selling 19 shares during the period. Optas LLC’s holdings in United Rentals were worth $877,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in URI. Fourth Dimension Wealth LLC purchased a new stake in United Rentals during the first quarter valued at approximately $26,000. TruNorth Capital Management LLC increased its stake in shares of United Rentals by 1,266.7% in the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock worth $26,000 after purchasing an additional 38 shares in the last quarter. Flaharty Asset Management LLC purchased a new stake in shares of United Rentals in the first quarter worth $30,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of United Rentals by 69.0% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock worth $31,000 after purchasing an additional 20 shares in the last quarter. Finally, Maseco LLP purchased a new stake in shares of United Rentals in the second quarter worth $32,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Price Performance

URI stock opened at $994.89 on Thursday. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $1,004.92. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. The company has a fifty day simple moving average of $933.80 and a two-hundred day simple moving average of $780.27. The firm has a market capitalization of $64.01 billion, a P/E ratio of 25.73, a price-to-earnings-growth ratio of 2.29 and a beta of 1.73.

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

United Rentals Announces Dividend

The firm also recently disclosed 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. The ex-dividend date was Wednesday, August 13th. This represents a $7.16 annualized dividend and a yield of 0.7%. United Rentals’s dividend payout ratio (DPR) is 18.52%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on URI shares. Argus set a $935.00 price objective on shares of United Rentals in a research note on Tuesday, August 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of United Rentals in a research note on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of United Rentals from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Monday, September 22nd. BNP Paribas Exane upgraded shares of 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. Finally, Sanford C. Bernstein set a $1,128.00 target price on shares of United Rentals and gave the stock an “outperform” rating in a research report on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $956.13.

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.