Capital Asset Advisory Services LLC Buys New Position in United Rentals, Inc. $URI

Key Points

• Capital Asset Advisory Services LLC acquired a new stake in United Rentals, Inc. during the second quarter, purchasing 264 shares valued at approximately $205,000.
• Analysts have raised their price targets for United Rentals: JPMorgan increased it to $950.00, while Morgan Stanley set it at $955.00, reflecting a positive outlook for the stock.
• United Rentals reported a quarterly EPS of $10.47, missing analysts' estimates, but recorded a 4.5% increase in revenue year-over-year.

Capital Asset Advisory Services LLC bought a new stake in United Rentals, Inc. (NYSE:URI - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 264 shares of the construction company's stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fourth Dimension Wealth LLC purchased a new stake in United Rentals in the first quarter valued at approximately $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 purchasing an additional 38 shares in the last quarter. Flaharty Asset Management LLC purchased a new stake in United Rentals in the first quarter valued at approximately $30,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of United Rentals by 69.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock worth $31,000 after acquiring an additional 20 shares in the last quarter. Finally, Grove Bank & Trust purchased a new position in shares of United Rentals during the first quarter worth approximately $36,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of United Rentals from $920.00 to $950.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. UBS Group lifted their price target on shares of United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Morgan Stanley lifted their price target on shares of United Rentals from $702.00 to $955.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. The Goldman Sachs Group lifted their price target on shares of United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Finally, KeyCorp lifted their price target on shares of United Rentals from $960.00 to $1,075.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $842.86.

United Rentals Stock Performance

Shares of URI stock opened at $947.64 on Tuesday. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $980.53. The stock has a market cap of $60.97 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 2.17 and a beta of 1.72. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. The company's fifty day moving average price is $889.63 and its 200-day moving average price is $742.05.

United Rentals (NYSE:URI - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter last year, the firm posted $10.70 EPS. The business's quarterly revenue was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. On average, equities analysts expect 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 issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, August 13th. 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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