374 Shares in United Rentals, Inc. $URI Purchased by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC acquired a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 374 shares of the construction company's stock, valued at approximately $282,000.

A number of other hedge funds have also modified their holdings of URI. Fourth Dimension Wealth LLC bought a new position in shares of United Rentals during the first quarter worth about $26,000. TruNorth Capital Management LLC grew its holdings in shares of United Rentals by 1,266.7% during the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock worth $26,000 after buying an additional 38 shares in the last quarter. Flaharty Asset Management LLC bought a new position in shares of United Rentals during the first quarter worth about $30,000. Migdal Insurance & Financial Holdings Ltd. grew 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 valued at $31,000 after purchasing an additional 20 shares in the last quarter. Finally, Maseco LLP bought a new position in United Rentals in the second quarter valued at approximately $32,000. 96.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on URI. Robert W. Baird upgraded United Rentals from a "neutral" rating to an "outperform" rating and raised their price target for the company from $888.00 to $1,050.00 in a research note on Wednesday, October 1st. Bank of America raised their price target on United Rentals from $895.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Truist Financial raised their price target on United Rentals from $952.00 to $1,194.00 and gave the company a "buy" rating in a research note on Wednesday, October 8th. Barclays raised their price target on United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a research note on Monday, July 21st. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of United Rentals in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $956.13.

United Rentals Stock Performance

URI opened at $979.96 on Monday. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $1,021.47. The stock has a market cap of $63.05 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 2.26 and a beta of 1.73. The business has a 50 day moving average of $950.90 and a 200-day moving average of $799.56. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34.

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 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 period in the previous year, the business earned $10.70 earnings per share. The business's quarterly revenue was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. On average, equities research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals's dividend payout ratio (DPR) is presently 18.52%.

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.

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