Cottonwood Capital Advisors LLC Makes New $232,000 Investment in United Rentals, Inc. $URI

Key Points

• Cottonwood Capital Advisors LLC has invested approximately $232,000 in United Rentals, acquiring 308 shares in the second quarter.
• Significant changes in institutional holdings were observed, with several firms, including GAMMA Investing LLC and State of Alaska Department of Revenue, increasing their stakes in United Rentals.
• Analysts have raised price targets for United Rentals, with JPMorgan Chase increasing their objective from $1,000 to $1,150, reflecting a positive outlook on the stock.

Cottonwood Capital Advisors LLC acquired a new position in United Rentals, Inc. (NYSE:URI - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 308 shares of the construction company's stock, valued at approximately $232,000.

Several other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC raised its position in United Rentals by 24.1% in the first quarter. GAMMA Investing LLC now owns 1,416 shares of the construction company's stock worth $887,000 after purchasing an additional 275 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of United Rentals by 12.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,160 shares of the construction company's stock valued at $4,488,000 after purchasing an additional 789 shares during the period. Sagespring Wealth Partners LLC grew its stake in shares of United Rentals by 13.4% in the 1st quarter. Sagespring Wealth Partners LLC now owns 532 shares of the construction company's stock valued at $333,000 after purchasing an additional 63 shares during the period. Cornerstone Wealth Management LLC grew its stake in shares of United Rentals by 28.9% in the 1st quarter. Cornerstone Wealth Management LLC now owns 705 shares of the construction company's stock valued at $442,000 after purchasing an additional 158 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in shares of United Rentals by 30.3% in the 1st quarter. State of Alaska Department of Revenue now owns 9,750 shares of the construction company's stock valued at $6,110,000 after purchasing an additional 2,265 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

URI has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on United Rentals from $1,000.00 to $1,150.00 and gave the company an "overweight" rating in a report on Monday, September 22nd. Robert W. Baird upgraded shares of United Rentals from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $888.00 to $1,050.00 in a research report on Wednesday, October 1st. UBS Group boosted their price target on shares of United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Evercore ISI restated an "outperform" rating on shares of United Rentals in a research report on Tuesday, August 19th. Finally, Barclays increased 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. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $956.13.

United Rentals Price Performance

Shares of URI stock opened at $979.96 on Friday. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,021.47. The firm's 50 day moving average is $950.90 and its 200-day moving average is $797.07. The firm has a market capitalization of $63.05 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 2.32 and a beta of 1.73. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34.

United Rentals (NYSE:URI - Get Free Report) last announced its earnings results 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). 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 for the quarter, compared to analyst estimates of $3.90 billion. During the same quarter in the previous year, the company posted $10.70 earnings per share. United Rentals's revenue for the quarter was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. Sell-side analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

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

About United Rentals

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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