790 Shares in United Rentals, Inc. $URI Acquired by Congress Park Capital LLC

Key Points

• Congress Park Capital LLC invested approximately $595,000 to acquire 790 shares of United Rentals, Inc. in the second quarter.
• Multiple analysts have revised their price targets for United Rentals, with the average target now at $850.00 and a consensus rating of "Moderate Buy."
• United Rentals declared a quarterly dividend of $1.79 per share, representing an annual yield of 0.8% and a payout ratio of 18.52%.

Congress Park Capital LLC acquired a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 790 shares of the construction company's stock, valued at approximately $595,000.

Several other hedge funds have also recently bought and sold shares of URI. Woodline Partners LP acquired a new position in United Rentals during the fourth quarter worth $2,776,000. Focus Partners Advisor Solutions LLC increased its stake in shares of United Rentals by 21.9% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 881 shares of the construction company's stock valued at $621,000 after buying an additional 158 shares in the last quarter. Western Wealth Management LLC increased its stake in shares of United Rentals by 12.9% in the fourth quarter. Western Wealth Management LLC now owns 403 shares of the construction company's stock valued at $284,000 after buying an additional 46 shares in the last quarter. Baer Investment Advisory LLC acquired a new stake in shares of United Rentals in the fourth quarter valued at $2,243,000. Finally, American Trust increased its stake in shares of United Rentals by 1.7% in the fourth quarter. American Trust now owns 1,228 shares of the construction company's stock valued at $865,000 after buying an additional 21 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Up 1.4%

Shares of United Rentals stock traded up $12.98 on Tuesday, reaching $956.40. 344,366 shares of the company were exchanged, compared to its average volume of 634,184. United Rentals, Inc. has a one year low of $525.91 and a one year high of $980.53. The company has a market capitalization of $61.53 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 2.18 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 has a 50-day moving average of $903.12 and a 200 day moving average of $753.32.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 return on equity of 32.01% and a net margin of 16.11%.The company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. On average, equities research analysts forecast 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. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.7%. United Rentals's payout ratio is presently 18.52%.

Analyst Ratings Changes

URI has been the subject of a number of research reports. Citigroup raised their target price on United Rentals from $1,000.00 to $1,080.00 and gave the company a "buy" rating in a research note on Tuesday. Truist Financial lifted their price objective on United Rentals from $786.00 to $952.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. BNP Paribas set a $900.00 price objective on United Rentals and gave the stock a "neutral" rating in a research report on Tuesday, September 16th. The Goldman Sachs Group lifted their price objective on United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Finally, UBS Group lifted their price objective on United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, United Rentals currently has an average rating of "Moderate Buy" and a consensus target price of $908.25.

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.