Axxcess Wealth Management LLC Acquires New Stake in United Rentals, Inc. $URI

Key Points

• Axxcess Wealth Management LLC acquired a new stake in United Rentals, Inc. during the second quarter, purchasing 410 shares valued at approximately $309,000.
• Analyst upgrades for United Rentals include Barclays raising their target price to $620.00 and Morgan Stanley increasing it to $955.00 with an "overweight" rating.
• United Rentals announced a quarterly dividend of $1.79 per share, reflecting a 0.7% yield with a payout ratio of 18.52%.

Axxcess Wealth Management LLC bought a new stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 410 shares of the construction company's stock, valued at approximately $309,000.

Several other institutional investors have also added to or reduced their stakes in URI. Fourth Dimension Wealth LLC purchased a new stake in United Rentals during the 1st quarter valued at $26,000. TruNorth Capital Management LLC boosted its stake in United Rentals by 1,266.7% during the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock valued at $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 1st quarter valued at $30,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in United Rentals by 69.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock valued at $31,000 after purchasing an additional 20 shares during the last quarter. Finally, Maseco LLP purchased a new stake in United Rentals during the 2nd quarter valued at $32,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

URI has been the topic of several recent analyst reports. Barclays increased their target price on United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a research note on Monday, July 21st. BNP Paribas Exane upgraded United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 price target on the stock in a research note on Tuesday, September 16th. Morgan Stanley raised 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. Citigroup raised their price target on United Rentals from $1,000.00 to $1,080.00 and gave the stock a "buy" rating in a research note on Tuesday, September 23rd. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of United Rentals in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, United Rentals currently has a consensus rating of "Moderate Buy" and a consensus target price of $956.13.

United Rentals Price Performance

NYSE URI opened at $979.96 on Friday. The company has a market capitalization of $63.05 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 2.26 and a beta of 1.73. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. The business's fifty day moving average is $950.90 and its 200 day moving average is $798.11. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,021.47.

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). The company had revenue of $3.94 billion for the quarter, compared to analysts' expectations of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. United Rentals's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. Sell-side analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently announced 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 was Wednesday, August 13th. This represents a $7.16 annualized dividend and a yield of 0.7%. United Rentals's 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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