Arista Wealth Management LLC Takes $1.49 Million Position in United Rentals, Inc. $URI

Key Points

• Arista Wealth Management LLC acquired a new position in United Rentals, Inc. worth approximately $1.49 million, purchasing 1,976 shares in the second quarter.
• Over 96% of United Rentals' stocks are currently held by institutional investors, highlighting strong interest from large financial institutions.
• United Rentals announced a quarterly dividend of $1.79 per share, representing an annualized dividend yield of 0.7%.

Arista Wealth Management LLC purchased a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,976 shares of the construction company's stock, valued at approximately $1,489,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in URI. Vanguard Group Inc. increased 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 worth $4,651,390,000 after purchasing an additional 29,501 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of United Rentals by 98.1% during the first quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company's stock worth $685,488,000 after acquiring an additional 541,579 shares in the last quarter. The Manufacturers Life Insurance Company grew its position 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 purchasing an additional 190,007 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of United Rentals by 6.4% during the 2nd quarter. Nordea Investment Management AB now owns 749,276 shares of the construction company's stock valued at $565,374,000 after purchasing an additional 44,854 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in United Rentals by 22.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company's stock worth $414,406,000 after purchasing an additional 120,449 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Argus set a $935.00 price target on shares of United Rentals in a report on Tuesday, August 12th. Baird R W upgraded shares of United Rentals from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 1st. KeyCorp boosted their price target on shares of United Rentals from $1,075.00 to $1,120.00 and gave the company an "overweight" rating in a research report on Thursday, September 25th. Robert W. Baird raised shares of United Rentals from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $888.00 to $1,050.00 in a report on Wednesday, October 1st. Finally, UBS Group lifted their price objective on United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, United Rentals presently has an average rating of "Moderate Buy" and an average target price of $956.13.

United Rentals Price Performance

URI stock opened at $1,005.61 on Friday. The stock has a market capitalization of $64.70 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 2.35 and a beta of 1.73. The firm's 50-day moving average price is $948.48 and its two-hundred day moving average price is $794.67. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $1,021.47.

United Rentals (NYSE:URI - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) 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 the consensus estimate of $3.90 billion. During the same period in the previous year, the business earned $10.70 earnings per share. The firm'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, equities analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently announced 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 dividend yield of 0.7%. The ex-dividend date 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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