EntryPoint Capital LLC Acquires Shares of 477 United Rentals, Inc. $URI

Key Points

• EntryPoint Capital LLC acquired 477 shares of United Rentals, Inc. in the first quarter, worth approximately $299,000, highlighting increased institutional interest in the company.
• Analysts show mixed ratings for United Rentals, with price targets ranging from $571.00 to $900.00, and a consensus price target of $834.64.
• The company reported $10.47 earnings per share for the latest quarter, below analysts' expectations, but had a revenue increase of 4.5% year-over-year.

EntryPoint Capital LLC acquired a new stake in United Rentals, Inc. (NYSE:URI - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 477 shares of the construction company's stock, valued at approximately $299,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fourth Dimension Wealth LLC acquired a new position in shares of United Rentals in the first quarter valued at $26,000. TruNorth Capital Management LLC increased its holdings in shares of United Rentals by 1,266.7% in the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock valued at $26,000 after purchasing an additional 38 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of United Rentals by 69.0% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock valued at $31,000 after purchasing an additional 20 shares during the last quarter. Grove Bank & Trust acquired a new position in shares of United Rentals in the first quarter valued at $36,000. Finally, NBC Securities Inc. acquired a new position in shares of United Rentals in the first quarter valued at $40,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

URI has been the topic of several research reports. Robert W. Baird upped their price objective on shares of United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Evercore ISI reissued an "outperform" rating on shares of United Rentals in a research report on Tuesday. Barclays boosted their target price on shares of United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a research report on Monday, July 21st. Redburn Atlantic cut shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price for the company. in a research report on Friday, June 13th. Finally, Bank of America boosted their target price on shares of United Rentals from $895.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $834.64.

United Rentals Trading Up 4.5%

Shares of United Rentals stock opened at $929.7890 on Friday. The company has a market capitalization of $59.82 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 2.06 and a beta of 1.72. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $937.45. The firm's 50-day moving average price is $821.49 and its two-hundred day moving average price is $713.79.

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 firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The company's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. On average, 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 disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is 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.

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.