United Rentals, Inc. $URI Shares Bought by Steward Partners Investment Advisory LLC

Key Points

• Steward Partners Investment Advisory LLC increased its stake in United Rentals, Inc. by 7.5%, now owning 7,085 shares valued at approximately $4.44 million.
• United Rentals reported a Q2 EPS of $10.47, which slightly missed analysts' expectations, though revenue of $3.94 billion exceeded estimates.
• Truist Financial and other analysts have recently adjusted their target prices for United Rentals, with the consensus rating now at "Moderate Buy" and a target price of approximately $834.64.

Steward Partners Investment Advisory LLC raised its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 7.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,085 shares of the construction company's stock after buying an additional 496 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in United Rentals were worth $4,440,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake 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 purchasing an additional 886,266 shares during the period. Nuveen LLC purchased a new position in shares of United Rentals during the 1st quarter worth $402,291,000. JPMorgan Chase & Co. lifted its stake 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 purchasing an additional 541,579 shares during the period. Leigh Baldwin & CO. LLC purchased a new position in shares of United Rentals during the 4th quarter worth $330,989,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of United Rentals by 22.3% during 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 during the period. Institutional investors and hedge funds own 96.26% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on URI. Truist Financial increased their price target on United Rentals from $786.00 to $952.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Evercore ISI restated an "outperform" rating on shares of United Rentals in a research note on Tuesday. Argus set a $935.00 price objective on United Rentals in a report on Tuesday, August 12th. Barclays raised their price objective on United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a report on Monday, July 21st. Finally, The Goldman Sachs Group raised their price objective on United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $834.64.

United Rentals Stock Up 4.5%

NYSE:URI traded up $39.6690 during mid-day trading on Friday, reaching $929.7890. The stock had a trading volume of 767,803 shares, compared to its average volume of 503,462. The company has a market capitalization of $59.82 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 2.06 and a beta of 1.72. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $937.45. The stock's 50 day simple moving average is $821.49 and its two-hundred day simple moving average is $713.79. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings results 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 return on equity of 32.01% and a net margin of 16.11%.The firm's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. Equities analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, August 13th. United Rentals's dividend payout ratio (DPR) 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.