SeaCrest Wealth Management LLC Purchases 381 Shares of United Rentals, Inc. $URI

Key Points

• SeaCrest Wealth Management LLC increased its stake in United Rentals by 49.5%, acquiring an additional 381 shares, bringing its total holdings to 1,150 shares valued at $866,000.
• Multiple analysts have raised their price targets for United Rentals, with Barclays setting a target of $620 and other firms naming targets as high as $935, though several also issued downgrades.
• United Rentals recently declared a quarterly dividend of $1.79 per share, resulting in an annualized yield of 0.8% and a dividend payout ratio of 18.52%.

SeaCrest Wealth Management LLC boosted its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 49.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,150 shares of the construction company's stock after purchasing an additional 381 shares during the period. SeaCrest Wealth Management LLC's holdings in United Rentals were worth $866,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in URI. Vanguard Group Inc. grew its holdings in United Rentals by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 7,422,036 shares of the construction company's stock worth $4,651,390,000 after acquiring an additional 29,501 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of United Rentals by 98.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company's stock worth $685,488,000 after buying an additional 541,579 shares in the last quarter. GAMMA Investing LLC raised its position in shares of United Rentals by 77,674.5% during the 1st quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock worth $556,138,000 after buying an additional 886,266 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of United Rentals by 28.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company's stock worth $532,561,000 after purchasing an additional 190,007 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of United Rentals by 22.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company's stock worth $414,406,000 after purchasing an additional 120,449 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Trading Up 1.0%

Shares of United Rentals stock traded up $9.59 on Tuesday, reaching $953.01. 319,403 shares of the company's stock were exchanged, compared to its average volume of 634,053. The company has a market capitalization of $61.32 billion, a P/E ratio of 24.75, a price-to-earnings-growth ratio of 2.18 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 firm's 50-day moving average is $903.12 and its two-hundred day moving average is $753.32. 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 (NYSE:URI - Get Free Report) last issued 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 the consensus estimate of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.United Rentals's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. Sell-side analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, August 13th. United Rentals's dividend payout ratio (DPR) is 18.52%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on URI shares. Argus set a $935.00 target price on shares of United Rentals in a research report on Tuesday, August 12th. Truist Financial boosted their price objective on shares of United Rentals from $786.00 to $952.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. The Goldman Sachs Group boosted their price objective on shares of United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. BNP Paribas Exane upgraded shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 target price for the company in a research note on Tuesday, September 16th. Finally, Citigroup increased their price objective on shares of United Rentals from $1,000.00 to $1,080.00 and gave the company a "buy" rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, United Rentals has a consensus rating of "Moderate Buy" and a consensus price target of $908.25.

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.