Integrity Alliance LLC. Acquires New Position in United Rentals, Inc. $URI

Key Points

• Integrity Alliance LLC. acquired 2,469 shares of United Rentals, Inc. valued at approximately $1,547,000, marking a new stake in the construction company.
• United Rentals reported a quarterly EPS of $10.47, missing analysts' expectations, despite revenue exceeding estimates at $3.94 billion, a 4.5% increase year-over-year.
• The company has recently announced a quarterly dividend of $1.79 per share, translating to an annualized yield of 0.8% and a payout ratio of 18.52%.

Integrity Alliance LLC. bought a new stake in United Rentals, Inc. (NYSE:URI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,469 shares of the construction company's stock, valued at approximately $1,547,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC boosted its position in shares of United Rentals by 32.9% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 2,220 shares of the construction company's stock worth $1,391,000 after purchasing an additional 550 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new stake in United Rentals during the first quarter valued at about $602,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of United Rentals by 12.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,160 shares of the construction company's stock worth $4,488,000 after purchasing an additional 789 shares during the last quarter. Farther Finance Advisors LLC grew its position in United Rentals by 101.6% in the first quarter. Farther Finance Advisors LLC now owns 859 shares of the construction company's stock worth $543,000 after acquiring an additional 433 shares in the last quarter. Finally, Brookwood Investment Group LLC purchased a new position in United Rentals in the first quarter worth about $2,966,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Stock Down 2.2%

Shares of United Rentals stock traded down $20.98 during trading on Friday, hitting $938.61. 534,834 shares of the stock were exchanged, compared to its average volume of 461,173. The stock has a market cap of $60.39 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 2.22 and a beta of 1.72. The firm's 50-day moving average price is $886.34 and its 200 day moving average price is $739.17. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $980.53. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The firm had revenue of $3.94 billion for the quarter, compared to analysts' expectations of $3.90 billion. During the same period last year, the firm posted $10.70 earnings per share. United Rentals's revenue for the quarter was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. As a group, analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

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

Analysts Set New Price Targets

URI has been the topic of several research analyst reports. Redburn Atlantic cut United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective on the stock. in a research note on Friday, June 13th. Evercore ISI reaffirmed an "outperform" rating on shares of United Rentals in a research report on Tuesday, August 19th. The Goldman Sachs Group boosted their price objective on shares of United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Citigroup reaffirmed a "buy" rating and issued a $810.00 price target (up from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. Finally, Argus set a $935.00 price target on shares of United Rentals in a research report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $842.86.

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.