Semus Wealth Partners LLC Reduces Stock Holdings in United Rentals, Inc. $URI

by · The Cerbat Gem

Semus Wealth Partners LLC cut its stake in United Rentals, Inc. (NYSE:URI – Free Report) by 11.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,539 shares of the construction company’s stock after selling 196 shares during the quarter. Semus Wealth Partners LLC’s holdings in United Rentals were worth $1,159,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Flaharty Asset Management LLC bought a new stake in shares of United Rentals in the 1st quarter worth about $30,000. Maseco LLP purchased a new stake in United Rentals in the 2nd quarter worth about $32,000. Trust Co. of Toledo NA OH bought a new stake in United Rentals in the second quarter worth about $38,000. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of United Rentals by 560.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 66 shares of the construction company’s stock valued at $41,000 after buying an additional 56 shares during the period. Finally, Hantz Financial Services Inc. grew its stake in shares of United Rentals by 103.7% during the second quarter. Hantz Financial Services Inc. now owns 55 shares of the construction company’s stock valued at $42,000 after buying an additional 28 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Down 3.2%

NYSE:URI opened at $806.99 on Tuesday. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47. The company has a 50-day moving average of $928.42 and a 200 day moving average of $843.08. The firm has a market cap of $51.35 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 1.97 and a beta of 1.73. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84.

United Rentals (NYSE:URI – Get Free Report) last posted its earnings results on Wednesday, October 22nd. The construction company reported $11.70 EPS for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.16 billion. During the same period last year, the business posted $11.80 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be paid a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a yield of 0.9%. United Rentals’s payout ratio is 18.42%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on URI. Wells Fargo & Company initiated coverage on United Rentals in a research note on Thursday. They set an “overweight” rating and a $995.00 price target for the company. BNP Paribas Exane upgraded 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. Evercore ISI restated an “outperform” rating on shares of United Rentals in a report on Tuesday, August 19th. JPMorgan Chase & Co. lifted their price objective on shares of United Rentals from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a report on Monday, September 22nd. Finally, Bank of America upped their target price on shares of United Rentals from $895.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, United Rentals presently has a consensus rating of “Moderate Buy” and an average target price of $975.61.

Read Our Latest Stock Analysis on United Rentals

United Rentals Profile

(Free Report)

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.

Further Reading

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