GC Wealth Management RIA LLC Purchases Shares of 511 United Rentals, Inc. $URI

Key Points

• GC Wealth Management RIA LLC increased its holdings in United Rentals, Inc. by purchasing 511 shares valued at approximately $385,000 during the 2nd quarter.
• United Rentals has garnered a mixed reception from analysts, with target prices ranging from $565.00 to $1,120.00 and an average rating of "Moderate Buy."
• The company's recent quarterly earnings fell short of expectations, reporting $10.47 EPS against the consensus estimate of $10.54 EPS, despite a revenue increase of 4.5% year-over-year.

GC Wealth Management RIA LLC purchased a new stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 511 shares of the construction company's stock, valued at approximately $385,000.

Several other large investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC grew its stake in United Rentals by 2,520.0% during the 2nd quarter. Sound Income Strategies LLC now owns 131 shares of the construction company's stock valued at $99,000 after purchasing an additional 126 shares during the last quarter. Addenda Capital Inc. purchased a new stake in United Rentals during the 2nd quarter valued at about $7,120,000. Argus Investors Counsel Inc. grew its stake in United Rentals by 1.8% during the 2nd quarter. Argus Investors Counsel Inc. now owns 3,358 shares of the construction company's stock valued at $2,530,000 after purchasing an additional 60 shares during the last quarter. Patton Albertson Miller Group LLC grew its stake in United Rentals by 1.0% during the 2nd quarter. Patton Albertson Miller Group LLC now owns 12,915 shares of the construction company's stock valued at $9,730,000 after purchasing an additional 125 shares during the last quarter. Finally, Worth Financial Advisory Group LLC grew its stake in United Rentals by 3.7% during the 2nd quarter. Worth Financial Advisory Group LLC now owns 900 shares of the construction company's stock valued at $678,000 after purchasing an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on URI shares. Redburn Atlantic downgraded United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price target on the stock. in a research note on Friday, June 13th. KeyCorp upped their target price on United Rentals from $1,075.00 to $1,120.00 and gave the stock an "overweight" rating in a research note on Thursday, September 25th. Barclays upped their target price on United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a research note on Monday, July 21st. Truist Financial upped their target price on United Rentals from $786.00 to $952.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Finally, Argus set a $935.00 target price on United Rentals in a research note on Tuesday, August 12th. One research analyst has 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. Based on data from MarketBeat.com, United Rentals presently has an average rating of "Moderate Buy" and an average target price of $941.00.

United Rentals Stock Performance

Shares of URI stock opened at $962.67 on Thursday. The company has a market capitalization of $61.94 billion, a P/E ratio of 24.89, a P/E/G ratio of 2.21 and a beta of 1.73. The business's 50 day moving average is $923.75 and its two-hundred day moving average is $767.78. 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, Inc. has a 12-month low of $525.91 and a 12-month high of $980.53.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly 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 business had revenue of $3.94 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. Analysts expect that United Rentals, Inc. will post 44.8 EPS 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 dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.7%. 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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