IFP Advisors Inc Sells 2,058 Shares of United Rentals, Inc. $URI

IFP Advisors Inc reduced its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 68.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 965 shares of the construction company's stock after selling 2,058 shares during the period. IFP Advisors Inc's holdings in United Rentals were worth $752,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in URI. Fourth Dimension Wealth LLC bought a new stake in shares of United Rentals in the first quarter valued at about $26,000. TruNorth Capital Management LLC lifted 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 in the last quarter. Flaharty Asset Management LLC bought a new stake in shares of United Rentals in the first quarter valued at about $30,000. Migdal Insurance & Financial Holdings Ltd. lifted 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 in the last quarter. Finally, Maseco LLP bought a new stake in shares of United Rentals in the second quarter valued at about $32,000. 96.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Truist Financial boosted their price target on United Rentals from $952.00 to $1,194.00 and gave the company a "buy" rating in a report on Wednesday, October 8th. 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 set a $900.00 target price on United Rentals and gave the company a "neutral" rating in a research report on Tuesday, September 16th. KeyCorp lifted their target price on United Rentals from $1,075.00 to $1,120.00 and gave the company an "overweight" rating in a research report on Thursday, September 25th. Finally, JPMorgan Chase & Co. lifted their target price on United Rentals from $1,000.00 to $1,150.00 and gave the company an "overweight" rating in a research report on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $956.13.

United Rentals Stock Up 2.6%

Shares of NYSE:URI opened at $974.44 on Tuesday. The company has a fifty day moving average of $939.68 and a 200-day moving average of $789.00. The company has a market capitalization of $62.70 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 2.19 and a beta of 1.73. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $1,004.92.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.54 by ($0.07). The company 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 firm's quarterly revenue 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. On average, equities analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were issued a dividend of $1.79 per share. The ex-dividend date was Wednesday, August 13th. This represents a $7.16 annualized dividend and a dividend yield of 0.7%. 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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