346 Shares in United Rentals, Inc. $URI Bought by Patton Fund Management Inc.

Key Points

• Patton Fund Management Inc. purchased 346 shares of United Rentals, Inc. for approximately $261,000 in the second quarter.
• KeyCorp raised its price target for United Rentals from $1,075 to $1,120, indicating strong confidence in the stock.
• United Rentals recently announced a quarterly dividend of $1.79, translating to an annual dividend yield of 0.8%.

Patton Fund Management Inc. bought a new position in United Rentals, Inc. (NYSE:URI - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 346 shares of the construction company's stock, valued at approximately $261,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of URI. Fourth Dimension Wealth LLC bought a new position in United Rentals in the first quarter worth $26,000. TruNorth Capital Management LLC lifted its position in United Rentals by 1,266.7% in the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock worth $26,000 after purchasing an additional 38 shares during the period. Flaharty Asset Management LLC bought a new position in United Rentals in the first quarter worth $30,000. Migdal Insurance & Financial Holdings Ltd. lifted its position 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 during the period. Finally, Maseco LLP bought a new position in United Rentals in the second quarter worth $32,000. 96.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on URI. KeyCorp raised their target price on United Rentals from $1,075.00 to $1,120.00 and gave the stock an "overweight" rating in a research report on Thursday. Argus set a $935.00 price objective on United Rentals in a research note on Tuesday, August 12th. Bank of America increased their price objective on United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. BNP Paribas Exane upgraded United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 price objective for the company in a research note on Tuesday, September 16th. Finally, Truist Financial increased their price objective on United Rentals from $786.00 to $952.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, United Rentals presently has an average rating of "Moderate Buy" and a consensus target price of $911.06.

United Rentals Stock Performance

Shares of NYSE:URI opened at $947.47 on Friday. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $980.53. The firm has a market cap of $60.96 billion, a PE ratio of 24.50, a price-to-earnings-growth ratio of 2.19 and a beta of 1.72. 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 business has a fifty day moving average of $913.99 and a 200-day moving average of $761.68.

United Rentals (NYSE:URI - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share 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 business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.90 billion. During the same quarter last year, the business posted $10.70 earnings per share. The business's quarterly revenue was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. On average, equities research analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

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

About United Rentals

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.

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