Signal Advisors Wealth LLC Takes Position in United Rentals, Inc. $URI

Key Points

• Signal Advisors Wealth LLC has made a new investment of approximately $480,000 in United Rentals, acquiring 638 shares during the 2nd quarter.
• United Rentals reported a quarterly earnings of $10.47 per share, slightly below analysts' estimates, with a revenue of $3.94 billion.
• The company declared a quarterly dividend of $1.79 per share, representing an annualized yield of 0.8% with a payout ratio of 18.52%.

Signal Advisors Wealth LLC purchased a new stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 638 shares of the construction company's stock, valued at approximately $480,000.

Several other large investors have also recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB raised its stake in shares of United Rentals by 5.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company's stock valued at $199,000 after acquiring an additional 13 shares during the last quarter. American Trust raised its stake in United Rentals by 1.1% during the first quarter. American Trust now owns 1,242 shares of the construction company's stock worth $778,000 after buying an additional 14 shares during the last quarter. Centaurus Financial Inc. raised its stake in United Rentals by 1.7% during the fourth quarter. Centaurus Financial Inc. now owns 999 shares of the construction company's stock worth $704,000 after buying an additional 17 shares during the last quarter. Leavell Investment Management Inc. raised its stake in United Rentals by 3.6% during the first quarter. Leavell Investment Management Inc. now owns 515 shares of the construction company's stock worth $323,000 after buying an additional 18 shares during the last quarter. Finally, Baer Investment Advisory LLC raised its stake in United Rentals by 0.6% during the first quarter. Baer Investment Advisory LLC now owns 3,202 shares of the construction company's stock worth $2,007,000 after buying an additional 18 shares during the last quarter. Institutional investors own 96.26% of the company's stock.

Analyst Ratings Changes

URI has been the subject of a number of analyst reports. KeyCorp lifted their target price on shares of United Rentals from $960.00 to $1,075.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Bank of America lifted their target price on shares of United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. UBS Group lifted their target price on shares of United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. increased their price target on United Rentals from $920.00 to $950.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Finally, Morgan Stanley increased their price target on United Rentals from $702.00 to $955.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $850.00.

United Rentals Stock Performance

Shares of NYSE URI traded down $1.53 during midday trading on Friday, hitting $941.26. The company's stock had a trading volume of 1,035,014 shares, compared to its average volume of 515,625. The stock has a fifty day moving average price of $900.44 and a 200 day moving average price of $750.25. United Rentals, Inc. has a one year low of $525.91 and a one year high of $980.53. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $60.56 billion, a price-to-earnings ratio of 24.34, a P/E/G ratio of 2.18 and a beta of 1.72.

United Rentals (NYSE:URI - Get Free Report) last posted 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 business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the firm earned $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. On average, research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

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 $1.79 dividend. 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 0.8%. 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.