Louisiana State Employees Retirement System Sells 100 Shares of United Rentals, Inc. $URI

Louisiana State Employees Retirement System reduced its position in shares of United Rentals, Inc. (NYSE:URI) by 2.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,400 shares of the construction company’s stock after selling 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in United Rentals were worth $2,562,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Independent Solutions Wealth Management LLC raised its position in United Rentals by 4.3% during the second quarter. Independent Solutions Wealth Management LLC now owns 2,932 shares of the construction company’s stock worth $2,209,000 after acquiring an additional 121 shares in the last quarter. Shell Asset Management Co. raised its position in United Rentals by 11.0% during the second quarter. Shell Asset Management Co. now owns 10,563 shares of the construction company’s stock worth $7,958,000 after acquiring an additional 1,044 shares in the last quarter. Roundview Capital LLC raised its position in United Rentals by 9.2% during the second quarter. Roundview Capital LLC now owns 5,909 shares of the construction company’s stock worth $4,452,000 after acquiring an additional 496 shares in the last quarter. KLP Kapitalforvaltning AS increased its holdings in shares of United Rentals by 3.3% in the second quarter. KLP Kapitalforvaltning AS now owns 25,131 shares of the construction company’s stock valued at $18,934,000 after purchasing an additional 800 shares during the last quarter. Finally, KPP Advisory Services LLC increased its holdings in shares of United Rentals by 37.2% in the second quarter. KPP Advisory Services LLC now owns 974 shares of the construction company’s stock valued at $734,000 after purchasing an additional 264 shares during the last quarter. 96.26% of the stock is owned by institutional investors.

United Rentals Trading Down 2.9%

Shares of United Rentals stock opened at $951.67 on Friday. The firm has a 50-day moving average of $937.56 and a 200-day moving average of $784.61. The stock has a market cap of $61.23 billion, a PE ratio of 24.61, a PEG ratio of 2.27 and a beta of 1.73. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $1,004.92. 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 (NYSE:URI) last announced 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). The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate 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 was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have commented on the stock. UBS Group upped their price objective on shares of United Rentals from $780.00 to $835.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Evercore ISI reiterated an “outperform” rating on shares of United Rentals in a report on Tuesday, August 19th. BNP Paribas set a $900.00 price objective on shares of United Rentals and gave the company a “neutral” rating in a report on Tuesday, September 16th. Morgan Stanley upped their price objective on shares of United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Finally, KeyCorp upped their price objective on shares of United Rentals from $1,075.00 to $1,120.00 and gave the company an “overweight” rating in a report on Thursday, September 25th. Two investment 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and a consensus price target of $956.13.

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.