Ascent Group LLC Invests $221,000 in United Rentals, Inc. $URI

Ascent Group LLC purchased a new position in United Rentals, Inc. (NYSE:URI - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 294 shares of the construction company's stock, valued at approximately $221,000.

Several other institutional investors have also modified their holdings of the business. Hudson Edge Investment Partners Inc. lifted its stake in shares of United Rentals by 9.0% in the second quarter. Hudson Edge Investment Partners Inc. now owns 10,785 shares of the construction company's stock worth $8,125,000 after acquiring an additional 887 shares in the last quarter. Abacus Planning Group Inc. lifted its stake in shares of United Rentals by 10.6% in the second quarter. Abacus Planning Group Inc. now owns 376 shares of the construction company's stock worth $283,000 after acquiring an additional 36 shares in the last quarter. Hilltop National Bank acquired a new position in shares of United Rentals in the second quarter worth about $83,000. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of United Rentals by 27.6% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,165 shares of the construction company's stock worth $878,000 after acquiring an additional 252 shares in the last quarter. Finally, Precision Wealth Strategies LLC lifted its stake in shares of United Rentals by 5.7% in the second quarter. Precision Wealth Strategies LLC now owns 594 shares of the construction company's stock worth $448,000 after acquiring an additional 32 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Morgan Stanley boosted their price target on United Rentals from $702.00 to $955.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Truist Financial boosted their price target on United Rentals from $952.00 to $1,194.00 and gave the stock a "buy" rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their price target on United Rentals from $1,000.00 to $1,150.00 and gave the stock an "overweight" rating in a research note on Monday, September 22nd. Sanford C. Bernstein set a $1,128.00 price objective on United Rentals and gave the company an "outperform" rating in a research note on Tuesday, September 23rd. Finally, Argus set a $935.00 price objective on United Rentals in a research note on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, United Rentals has an average rating of "Moderate Buy" and an average target price of $956.13.

United Rentals Trading Up 0.6%

Shares of NYSE URI opened at $994.89 on Thursday. The stock's 50 day moving average price is $933.80 and its two-hundred day moving average price is $780.27. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $1,004.92. The stock has a market capitalization of $64.01 billion, a P/E ratio of 25.73, a PEG ratio of 2.29 and a beta of 1.73. 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 posted its earnings results 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 for the quarter, compared to the consensus estimate of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the company posted $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. On average, analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

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