SOA Wealth Advisors LLC. Increases Stock Position in United Rentals, Inc. $URI

Key Points

• SOA Wealth Advisors LLC increased its stake in United Rentals, Inc. by 4.4%, owning a total of 7,817 shares valued at approximately $5.89 million after acquiring more shares in the second quarter.
• Various institutional investors have shown significant interest in United Rentals, with 96.26% of the stock currently held by institutional investors.
• Analysts maintain a consensus rating of "Moderate Buy" for United Rentals, with a price target of $941.00, reflecting positive sentiment and varied ratings from several financial institutions.

SOA Wealth Advisors LLC. raised its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 4.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,817 shares of the construction company's stock after acquiring an additional 329 shares during the quarter. SOA Wealth Advisors LLC.'s holdings in United Rentals were worth $5,889,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC acquired a new stake in shares of United Rentals during the first quarter worth $26,000. TruNorth Capital Management LLC raised its holdings in shares of United Rentals by 1,266.7% during the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock worth $26,000 after purchasing an additional 38 shares during the period. Flaharty Asset Management LLC acquired a new stake in shares of United Rentals during the first quarter worth $30,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of United Rentals by 69.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock worth $31,000 after purchasing an additional 20 shares during the period. Finally, Maseco LLP acquired a new stake in shares of United Rentals during the second quarter worth $32,000. 96.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

URI has been the topic of a number of analyst reports. BNP Paribas set a $900.00 price objective on shares of United Rentals and gave the stock a "neutral" rating in a report on Tuesday, September 16th. Evercore ISI reaffirmed an "outperform" rating on shares of United Rentals in a report on Tuesday, August 19th. Morgan Stanley increased their price objective on shares of United Rentals from $702.00 to $955.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. BNP Paribas Exane raised shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 price objective on the stock in a report on Tuesday, September 16th. Finally, Truist Financial increased their price objective on shares of United Rentals from $786.00 to $952.00 and gave the stock a "buy" rating in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $941.00.

United Rentals Stock Performance

Shares of URI stock opened at $955.71 on Wednesday. The business's 50-day moving average price is $920.55 and its 200-day moving average price is $766.42. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $980.53. The firm has a market capitalization of $61.49 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 2.18 and a beta of 1.72. 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 posted 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 company had revenue of $3.94 billion during 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%.United Rentals's revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. Equities research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The company also recently disclosed 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 payout ratio is currently 18.52%.

United Rentals 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.