Atwood & Palmer Inc. Buys 269 Shares of United Rentals, Inc. $URI

Key Points

• Atwood & Palmer Inc. increased its stake in United Rentals, Inc. by 0.5%, acquiring an additional 269 shares, bringing their total to 57,371 shares, which constitutes 2.7% of their portfolio.
• United Rentals' stock is currently down 2.2% and recently opened at $938.61, with a twelve-month high of $980.53 and earnings per share of $10.47, missing analysts' expectations slightly.
• The company declared a quarterly dividend of $1.79, translating to an annualized yield of 0.8%, with a payout ratio of 18.52% as of the last filing.

Atwood & Palmer Inc. increased its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 0.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,371 shares of the construction company's stock after purchasing an additional 269 shares during the period. United Rentals makes up 2.7% of Atwood & Palmer Inc.'s holdings, making the stock its 9th biggest position. Atwood & Palmer Inc. owned approximately 0.09% of United Rentals worth $43,223,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC purchased a new stake in shares of United Rentals in the first quarter worth about $26,000. TruNorth Capital Management LLC lifted its holdings 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 acquiring an additional 38 shares during the period. Flaharty Asset Management LLC purchased a new stake in United Rentals in the 1st quarter worth approximately $30,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of United Rentals by 69.0% during the 1st 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 period. Finally, Grove Bank & Trust purchased a new position in shares of United Rentals during the 1st quarter valued at approximately $36,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Price Performance

URI stock traded up $10.94 during trading on Tuesday, hitting $958.84. The stock had a trading volume of 447,346 shares, compared to its average volume of 480,459. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $980.53. The company's 50-day moving average price is $892.95 and its two-hundred day moving average price is $743.55. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80. The stock has a market capitalization of $61.69 billion, a P/E ratio of 24.80, a PEG ratio of 2.19 and a beta of 1.72.

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 for the quarter, missing the consensus estimate of $10.54 by ($0.07). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The firm had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $3.90 billion. During the same quarter last year, the business earned $10.70 EPS. The business's revenue was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. As a group, research analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were given a $1.79 dividend. 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 18.52%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Bank of America increased their price target on shares of United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Argus set a $935.00 target price on shares of United Rentals in a research note on Tuesday, August 12th. Truist Financial lifted their price target on United Rentals from $786.00 to $952.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Evercore ISI reiterated an "outperform" rating on shares of United Rentals in a research report on Tuesday, August 19th. Finally, UBS Group raised their price objective on United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $850.00.

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.