322 Shares in United Rentals, Inc. $URI Purchased by Adamsbrown Wealth Consultants LLC

Key Points

• Adamsbrown Wealth Consultants LLC has acquired 322 shares of United Rentals, Inc. valued at approximately $242,000 during the second quarter.
• Major analysts continue to express confidence in United Rentals, with Goldman Sachs raising its price target to $850 and Argus setting it even higher at $935.
• United Rentals reported $10.47 EPS for its latest quarter, falling short of estimates, but showed a revenue increase of 4.5% year-over-year.

Adamsbrown Wealth Consultants LLC acquired a new stake in United Rentals, Inc. (NYSE:URI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 322 shares of the construction company's stock, valued at approximately $242,000.

Several other large investors have also made changes to their positions in the business. Elevation Point Wealth Partners LLC increased its holdings in 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 acquiring an additional 550 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in shares of United Rentals in the first quarter valued at about $602,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of United Rentals by 12.4% during 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 in the last quarter. Farther Finance Advisors LLC raised its position in shares of United Rentals by 101.6% during the 1st quarter. Farther Finance Advisors LLC now owns 859 shares of the construction company's stock worth $543,000 after purchasing an additional 433 shares during the last quarter. Finally, Brookwood Investment Group LLC purchased a new position in United Rentals in the 1st quarter valued at about $2,966,000. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Trading Up 1.2%

Shares of NYSE URI traded up $10.94 during trading on Tuesday, hitting $958.84. 447,346 shares of the company were exchanged, compared to its average volume of 480,459. The company has a fifty day moving average price of $892.95 and a 200-day moving average price of $743.55. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. The firm has a market capitalization of $61.69 billion, a PE ratio of 24.80, a P/E/G ratio of 2.19 and a beta of 1.72. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $980.53.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data 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). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The firm had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $3.90 billion. During the same period in the prior year, the company posted $10.70 EPS. The company'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. As a group, equities research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were issued a $1.79 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a yield of 0.7%. United Rentals's dividend payout ratio is currently 18.52%.

Analysts Set New Price Targets

A number of brokerages have commented on URI. Morgan Stanley increased their target price on United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a report on Monday, July 28th. The Goldman Sachs Group increased their price objective on United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Evercore ISI reaffirmed an "outperform" rating on shares of United Rentals in a research note on Tuesday, August 19th. BNP Paribas set a $900.00 target price on shares of United Rentals in a report on Tuesday. Finally, Redburn Atlantic downgraded shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price target on the stock. in a research note on Friday, June 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $850.00.

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.