Knights of Columbus Asset Advisors LLC Has $6.73 Million Stake in United Rentals, Inc. $URI

Key Points

• Knights of Columbus Asset Advisors LLC increased its stake in United Rentals, Inc. by 24.8%, now holding 8,927 shares valued at approximately $6.73 million.
• Analyst ratings for United Rentals show a mixed sentiment, with two analysts giving a Strong Buy, while others provide Hold or Sell ratings, reflecting a diverse outlook on the stock.
• United Rentals recently reported quarterly earnings, with $10.47 EPS, slightly below analyst estimates, but saw revenue growth of 4.5% year-over-year.

Knights of Columbus Asset Advisors LLC boosted its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 24.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,927 shares of the construction company's stock after acquiring an additional 1,772 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in United Rentals were worth $6,726,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new position in shares of United Rentals during the first quarter worth about $40,000. Procyon Advisors LLC boosted its position in United Rentals by 12.3% during the 1st quarter. Procyon Advisors LLC now owns 857 shares of the construction company's stock worth $537,000 after acquiring an additional 94 shares during the last quarter. Pines Wealth Management LLC grew its stake in shares of United Rentals by 18.9% during the 1st quarter. Pines Wealth Management LLC now owns 452 shares of the construction company's stock worth $283,000 after acquiring an additional 72 shares in the last quarter. Regent Peak Wealth Advisors LLC raised its holdings in shares of United Rentals by 11.8% in the first quarter. Regent Peak Wealth Advisors LLC now owns 331 shares of the construction company's stock valued at $207,000 after purchasing an additional 35 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its position in shares of United Rentals by 13.1% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 913 shares of the construction company's stock worth $572,000 after purchasing an additional 106 shares in the last quarter. Institutional investors own 96.26% of the company's stock.

Analyst Upgrades and Downgrades

URI has been the subject of a number of analyst reports. Redburn Atlantic downgraded 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. Weiss Ratings restated a "hold (c+)" rating on shares of United Rentals in a report on Saturday, September 27th. Morgan Stanley upped their target price on United Rentals from $702.00 to $955.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Citigroup increased their price target on United Rentals from $1,000.00 to $1,080.00 and gave the company a "buy" rating in a research report on Tuesday, September 23rd. Finally, Truist Financial boosted their price target on United Rentals from $786.00 to $952.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $941.00.

United Rentals Stock Up 0.4%

United Rentals stock opened at $982.25 on Monday. The stock has a market cap of $63.20 billion, a P/E ratio of 25.40, a P/E/G ratio of 2.27 and a beta of 1.73. The company's 50-day moving average price is $927.68 and its two-hundred day moving average price is $774.82. 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 twelve month low of $525.91 and a twelve month high of $997.50.

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 firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The business's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. As a group, analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were paid a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, August 13th. United Rentals's 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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