Accelerate Investment Advisors LLC Acquires Shares of 404 United Rentals, Inc. $URI

Key Points

• Accelerate Investment Advisors LLC acquired 404 shares of United Rentals, valued at approximately $304,000, during the second quarter.
• Numerous institutional investors, including Vanguard and JPMorgan Chase, have significantly increased their stakes in United Rentals, indicating robust institutional interest in the stock.
• United Rentals recently reported a quarterly EPS of $10.47, slightly missing the consensus estimate, while revenue for the quarter reached $3.94 billion, showing a year-over-year growth of 4.5%.

Accelerate Investment Advisors LLC acquired a new stake in United Rentals, Inc. (NYSE:URI - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 404 shares of the construction company's stock, valued at approximately $304,000.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of United Rentals by 0.4% in the first quarter. Vanguard Group Inc. now owns 7,422,036 shares of the construction company's stock valued at $4,651,390,000 after buying an additional 29,501 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of United Rentals by 98.1% in the first quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company's stock valued at $685,488,000 after buying an additional 541,579 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of United Rentals by 77,674.5% in the first quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock valued at $556,138,000 after buying an additional 886,266 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of United Rentals by 28.8% in the first quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company's stock valued at $532,561,000 after buying an additional 190,007 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of United Rentals by 22.3% in the first quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company's stock valued at $414,406,000 after buying an additional 120,449 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Morgan Stanley raised their price target on shares of United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Redburn Atlantic lowered 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 report on Friday, June 13th. Bank of America raised their price target on shares of United Rentals from $895.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Barclays raised their price target on shares of United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. raised their price target on shares of United Rentals from $920.00 to $950.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, United Rentals currently has a consensus rating of "Moderate Buy" and an average price target of $842.86.

United Rentals Stock Performance

Shares of URI stock opened at $938.61 on Friday. The firm has a market cap of $60.39 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 2.22 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. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $980.53. The firm's 50-day simple moving average is $886.34 and its two-hundred day simple moving average is $739.17.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The business's revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were given a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $7.16 annualized dividend and a yield of 0.8%. United Rentals's payout ratio is currently 18.52%.

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.

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