Apollon Wealth Management LLC Boosts Position in United Rentals, Inc. $URI

Key Points

• Apollon Wealth Management LLC increased its stake in United Rentals, Inc. by 26.8% during the second quarter, owning 1,837 shares valued at approximately $1.38 million.
• Analysts have raised their price targets for United Rentals, with Bank of America setting a target of $900 and KeyCorp at $1,120, indicating strong interest and confidence in the stock.
• United Rentals recently announced a quarterly dividend of $1.79 per share, translating to an annualized yield of 0.7% and a payout ratio of 18.52%.

Apollon Wealth Management LLC increased its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 26.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,837 shares of the construction company's stock after purchasing an additional 388 shares during the quarter. Apollon Wealth Management LLC's holdings in United Rentals were worth $1,384,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in URI. Fourth Dimension Wealth LLC purchased a new stake in United Rentals during the first quarter worth approximately $26,000. TruNorth Capital Management LLC lifted its stake in 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 purchasing an additional 38 shares during the last quarter. Flaharty Asset Management LLC purchased a new stake in United Rentals during the first quarter worth approximately $30,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in United Rentals by 69.0% during 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 last quarter. Finally, Maseco LLP purchased a new stake in United Rentals during the second quarter worth approximately $32,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

Wall Street Analysts Forecast Growth

URI has been the topic of several research analyst reports. Bank of America lifted their price target on United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. KeyCorp lifted their price target on United Rentals from $1,075.00 to $1,120.00 and gave the stock an "overweight" rating in a research report on Thursday, September 25th. Argus set a $935.00 price target on United Rentals in a research report on Tuesday, August 12th. Baird R W raised United Rentals from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 1st. Finally, Robert W. Baird raised United Rentals from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $888.00 to $1,050.00 in a research report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $956.13.

United Rentals Trading Up 2.6%

NYSE:URI opened at $974.44 on Tuesday. The firm has a market cap of $62.70 billion, a P/E ratio of 25.20, a PEG ratio of 2.19 and a beta of 1.73. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. The stock's 50 day simple moving average is $939.68 and its 200-day simple moving average is $789.00. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $1,004.92.

United Rentals (NYSE:URI - Get Free Report) last released its earnings results 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 company 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 firm posted $10.70 EPS. The company's revenue for the quarter was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. Equities analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

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 dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals's dividend payout ratio is currently 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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