Courier Capital LLC acquired a new stake in United Rentals, Inc. (NYSE:URI - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 282 shares of the construction company's stock, valued at approximately $212,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in URI. GAMMA Investing LLC lifted its stake in shares of United Rentals by 24.1% in the 1st quarter. GAMMA Investing LLC now owns 1,416 shares of the construction company's stock valued at $887,000 after purchasing an additional 275 shares during the period. Wealth Enhancement Advisory Services LLC lifted 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. Dynamic Advisor Solutions LLC acquired a new position in shares of United Rentals in the 1st quarter valued at about $602,000. Brighton Jones LLC lifted its stake in shares of United Rentals by 5.4% in the 1st quarter. Brighton Jones LLC now owns 504 shares of the construction company's stock valued at $316,000 after purchasing an additional 26 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in shares of United Rentals by 10.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 28,894 shares of the construction company's stock valued at $18,108,000 after purchasing an additional 2,702 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.
United Rentals Stock Performance
Shares of URI opened at $1,019.62 on Thursday. 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 stock has a 50 day moving average price of $945.47 and a two-hundred day moving average price of $792.05. The firm has a market capitalization of $65.60 billion, a P/E ratio of 26.37, a P/E/G ratio of 2.31 and a beta of 1.73. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $1,021.36.
United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 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 business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. Equities analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.
United Rentals Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders 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 yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals's payout ratio is currently 18.52%.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on URI shares. Morgan Stanley boosted their price objective on United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Sanford C. Bernstein set a $1,128.00 target price on United Rentals and gave the company an "outperform" rating in a research report on Tuesday, September 23rd. BNP Paribas Exane raised United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 target price for the company in a research report on Tuesday, September 16th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of United Rentals in a research report on Wednesday, October 8th. Finally, Baird R W raised United Rentals from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 1st. Two research 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 given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $956.13.
Read Our Latest Research Report on United Rentals
United Rentals Company Profile
(
Free Report)
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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