Sigma Investment Counselors Inc. Acquires 483 Shares of United Rentals, Inc. $URI

Key Points

• Sigma Investment Counselors Inc. increased its holdings in United Rentals, Inc. by 4.6% in the 2nd quarter, now owning a total of 10,919 shares worth approximately $8.2 million.
• Analysts show a consensus of a "Moderate Buy" rating for United Rentals, with a projected price target of $956.13, as indicated by multiple recent brokerage reports.
• United Rentals has announced a quarterly dividend of $1.79 per share, yielding 0.7%, and reported a revenue increase of 4.5% year-over-year, totaling $3.94 billion for the last quarter.

Sigma Investment Counselors Inc. increased its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 4.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,919 shares of the construction company's stock after buying an additional 483 shares during the quarter. Sigma Investment Counselors Inc.'s holdings in United Rentals were worth $8,226,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Roundview Capital LLC lifted its position in shares of United Rentals by 9.2% during the 2nd quarter. Roundview Capital LLC now owns 5,909 shares of the construction company's stock worth $4,452,000 after buying an additional 496 shares during the last quarter. Callahan Advisors LLC increased its holdings in United Rentals by 2.3% in the 2nd quarter. Callahan Advisors LLC now owns 11,584 shares of the construction company's stock worth $8,727,000 after purchasing an additional 264 shares in the last quarter. Ascent Group LLC acquired a new position in United Rentals in the 2nd quarter worth about $221,000. Wealth Enhancement Advisory Services LLC increased its holdings in United Rentals by 12.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,160 shares of the construction company's stock worth $4,488,000 after purchasing an additional 789 shares in the last quarter. Finally, Equitable Trust Co. acquired a new position in United Rentals in the 2nd quarter worth about $3,155,000. 96.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on URI. Sanford C. Bernstein set a $1,128.00 target price on United Rentals and gave the stock an "outperform" rating in a report on Tuesday, September 23rd. Robert W. Baird raised United Rentals from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $888.00 to $1,050.00 in a report on Wednesday, October 1st. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of United Rentals in a report on Wednesday, October 8th. BNP Paribas Exane raised United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 target price for the company in a report on Tuesday, September 16th. Finally, Evercore ISI reaffirmed an "outperform" rating on shares of United Rentals in a report on Tuesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $956.13.

United Rentals Trading Down 2.6%

Shares of URI stock opened at $979.96 on Friday. The stock has a 50-day moving average of $950.90 and a 200-day moving average of $798.11. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47. The stock has a market cap of $63.05 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 2.26 and a beta of 1.73. 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 (NYSE:URI - Get Free Report) last released its earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing the consensus estimate of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same period in the prior year, the business earned $10.70 EPS. The company's revenue for the quarter was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were paid a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $7.16 annualized dividend and a yield of 0.7%. United Rentals's dividend payout ratio (DPR) is currently 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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