Applied Finance Capital Management LLC Purchases 3,663 Shares of United Rentals, Inc. $URI

Key Points

• Applied Finance Capital Management LLC increased its stake in United Rentals, Inc. by 13.7%, acquiring an additional 3,663 shares to bring its total to 30,417 shares valued at approximately $22.9 million.
• United Rentals recently had its price targets upgraded by several analysts, with Morgan Stanley raising their target from $702.00 to $955.00, indicating a strong positive outlook for the company's stock.
• The company declared a quarterly dividend of $1.79 per share, with an annualized yield of 0.7%, reflecting a dividend payout ratio of 18.52%.

Applied Finance Capital Management LLC grew its position in United Rentals, Inc. (NYSE:URI - Free Report) by 13.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,417 shares of the construction company's stock after acquiring an additional 3,663 shares during the period. United Rentals comprises about 1.6% of Applied Finance Capital Management LLC's portfolio, making the stock its 26th largest holding. Applied Finance Capital Management LLC's holdings in United Rentals were worth $22,916,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Fourth Dimension Wealth LLC acquired a new stake in United Rentals in the 1st quarter valued at about $26,000. TruNorth Capital Management LLC raised its stake 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 valued at $26,000 after buying an additional 38 shares during the period. Flaharty Asset Management LLC acquired a new stake in shares of United Rentals in the first quarter valued at approximately $30,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of 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 buying an additional 20 shares during the last quarter. Finally, Maseco LLP bought a new position in shares of United Rentals during the 2nd quarter worth approximately $32,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on URI. Morgan Stanley increased their price target on United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Evercore ISI reiterated an "outperform" rating on shares of United Rentals in a report on Tuesday, August 19th. Truist Financial increased their price objective on shares of United Rentals from $952.00 to $1,194.00 and gave the company a "buy" rating in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of United Rentals in a report on Wednesday, October 8th. Finally, Argus set a $935.00 price target on shares of United Rentals in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $956.13.

United Rentals Trading Down 1.4%

URI stock opened at $1,005.61 on Friday. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $1,021.47. The company has a market capitalization of $64.70 billion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 2.35 and a beta of 1.73. The company's 50-day simple moving average is $948.48 and its 200 day simple moving average is $794.67. 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 (NYSE:URI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing the consensus estimate of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.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 firm earned $10.70 EPS. United Rentals'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, sell-side analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given a dividend of $1.79 per share. The ex-dividend date of this dividend 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%.

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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