Dakota Wealth Management Increases Stake in United Rentals, Inc. $URI

Key Points

• Dakota Wealth Management increased its stake in United Rentals, Inc. by 18.3%, owning 3,222 shares valued at approximately $2.43 million after acquiring 499 additional shares.
• Equities analysts have raised their price targets for United Rentals, with estimates ranging from $900.00 to $955.00, reflecting a consensus rating of "Moderate Buy" for the stock.
• United Rentals announced a quarterly dividend of $1.79 per share, yielding 0.8%, with an annualized payout of $7.16.

Dakota Wealth Management grew its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 18.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,222 shares of the construction company's stock after buying an additional 499 shares during the quarter. Dakota Wealth Management's holdings in United Rentals were worth $2,427,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of URI. TruNorth Capital Management LLC grew its stake in shares of United Rentals by 1,266.7% during the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock worth $26,000 after purchasing an additional 38 shares during the period. Fourth Dimension Wealth LLC acquired a new position in shares of United Rentals during the 1st quarter worth $26,000. Maseco LLP acquired a new position in shares of United Rentals during the 2nd quarter worth $32,000. Flaharty Asset Management LLC acquired a new position in shares of United Rentals during the 1st quarter worth $30,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of United Rentals by 69.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock worth $31,000 after purchasing an additional 20 shares during the period. Hedge funds and other institutional investors own 96.26% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Bank of America upped their price target on shares of United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. BNP Paribas set a $900.00 price target on shares of United Rentals and gave the stock a "neutral" rating in a research note on Tuesday, September 16th. Morgan Stanley upped 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. BNP Paribas Exane raised shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 price objective on the stock in a research note on Tuesday, September 16th. Finally, Argus set a $935.00 price objective on shares of United Rentals in a research note on Tuesday, August 12th. One equities research 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 stock. According to MarketBeat.com, United Rentals presently has a consensus rating of "Moderate Buy" and a consensus target price of $911.06.

United Rentals Price Performance

Shares of NYSE URI opened at $947.47 on Friday. The stock has a market cap of $60.96 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 2.15 and a beta of 1.72. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $980.53. The company's 50-day moving average price is $913.99 and its 200 day moving average price is $760.64. 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 released 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). The firm had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. United Rentals's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the company posted $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. As a group, research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Wednesday, August 13th. United Rentals's dividend 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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