308 Shares in United Rentals, Inc. $URI Purchased by Old Port Advisors

Key Points

• Old Port Advisors acquired 308 shares of United Rentals, Inc. valued at approximately $232,000, according to a recent filing with the SEC.
• United Rentals reported earnings of $10.47 EPS for the last quarter, missing estimates slightly, although revenue was up 4.5% year-over-year.
• The company announced a quarterly dividend of $1.79 per share, yielding 0.8%, with a dividend payout ratio of 18.52%.

Old Port Advisors purchased a new stake in United Rentals, Inc. (NYSE:URI - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 308 shares of the construction company's stock, valued at approximately $232,000.

Several other hedge funds also recently modified their holdings of URI. Fourth Dimension Wealth LLC bought a new position in shares of United Rentals in the first quarter valued at approximately $26,000. TruNorth Capital Management LLC increased its holdings in United Rentals by 1,266.7% during the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock valued at $26,000 after purchasing an additional 38 shares in the last quarter. Flaharty Asset Management LLC bought a new position in United Rentals in the 1st quarter valued at $30,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in 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 bought a new stake in shares of United Rentals during the second quarter worth $32,000. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Trading Up 1.7%

Shares of NYSE URI opened at $947.47 on Friday. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $980.53. The firm has a market capitalization of $60.96 billion, a P/E ratio of 24.50, a P/E/G ratio of 2.19 and a beta of 1.72. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80. The company's 50 day simple moving average is $913.99 and its 200 day simple moving average is $761.68.

United Rentals (NYSE:URI - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing the consensus estimate of $10.54 by ($0.07). The business had revenue of $3.94 billion for 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 business's revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. On average, analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Truist Financial upped their price target on shares of United Rentals from $786.00 to $952.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. upped their target price on shares of United Rentals from $1,000.00 to $1,150.00 and gave the stock an "overweight" rating in a research report on Monday, September 22nd. BNP Paribas Exane raised shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 price target for the company in a report on Tuesday, September 16th. Citigroup boosted their price objective on shares of United Rentals from $1,000.00 to $1,080.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Bank of America upped their price objective on United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $911.06.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.