Cornerstone Wealth Group LLC Takes $271,000 Position in United Rentals, Inc. $URI

Key Points

• Cornerstone Wealth Group LLC acquired a new stake in United Rentals, purchasing 360 shares valued at approximately $271,000 during Q2, indicating strong investor interest in the stock.
• Analysts have varying perspectives on United Rentals, with Barclays increasing its price target to $620 while Citigroup raised theirs to $1,080, reflecting a range of optimism and caution among financial experts.
• United Rentals reported a marginal earnings miss in its latest quarterly results, with earnings per share of $10.47 compared to estimates of $10.54, but revenues showed a year-over-year growth of 4.5%.

Cornerstone Wealth Group LLC purchased a new stake in United Rentals, Inc. (NYSE:URI - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 360 shares of the construction company's stock, valued at approximately $271,000.

Other large investors have also modified their holdings of the company. NorthRock Partners LLC lifted its holdings in shares of United Rentals by 1.7% during the second quarter. NorthRock Partners LLC now owns 1,085 shares of the construction company's stock worth $817,000 after purchasing an additional 18 shares during the period. Verdence Capital Advisors LLC raised its stake in shares of United Rentals by 13.0% during the 2nd quarter. Verdence Capital Advisors LLC now owns 8,086 shares of the construction company's stock worth $6,092,000 after buying an additional 929 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of United Rentals by 29.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,844 shares of the construction company's stock worth $1,389,000 after buying an additional 424 shares during the period. Griffin Asset Management Inc. acquired a new position in shares of United Rentals during the 2nd quarter worth approximately $1,708,000. Finally, Hazlett Burt & Watson Inc. increased its position in shares of United Rentals by 79.6% during the second quarter. Hazlett Burt & Watson Inc. now owns 404 shares of the construction company's stock worth $306,000 after purchasing an additional 179 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on URI. Barclays boosted their price target on United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a research report on Monday, July 21st. Citigroup upped their price target on United Rentals from $1,000.00 to $1,080.00 and gave the company a "buy" rating in a research note on Tuesday, September 23rd. Weiss Ratings restated a "hold (c+)" rating on shares of United Rentals in a report on Wednesday, October 8th. BNP Paribas set a $900.00 price target on United Rentals and gave the company a "neutral" rating in a research report on Tuesday, September 16th. Finally, Morgan Stanley increased their price target on shares of United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the 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 Stock Up 2.7%

URI opened at $1,000.47 on Wednesday. The business's fifty day moving average is $942.33 and its two-hundred day moving average is $790.47. 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 company has a market cap of $64.37 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 2.25 and a beta of 1.73. United Rentals, Inc. has a one year low of $525.91 and a one year high of $1,007.97.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.90 billion. During the same period last year, the firm earned $10.70 earnings per share. 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. Analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were paid 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 dividend payout ratio is currently 18.52%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.