Stiles Financial Services Inc Buys 281 Shares of United Rentals, Inc. $URI

Key Points

• Stiles Financial Services Inc increased its stake in United Rentals by 29.7% in the 2nd quarter, acquiring an additional 281 shares for a total worth of $926,000.
• United Rentals received a range of analyst ratings, with JPMorgan Chase raising its price target from $1,000 to $1,150 and maintaining an "overweight" rating.
• The company announced a quarterly dividend of $1.79 per share, yielding 0.7%, reflecting a payout ratio of 18.52%.

Stiles Financial Services Inc raised its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 29.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,226 shares of the construction company's stock after purchasing an additional 281 shares during the period. Stiles Financial Services Inc's holdings in United Rentals were worth $926,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Callan Family Office LLC raised its position in United Rentals by 115.0% during the 2nd quarter. Callan Family Office LLC now owns 1,679 shares of the construction company's stock worth $1,265,000 after purchasing an additional 898 shares during the last quarter. Muhlenkamp & Co. Inc. raised its position in United Rentals by 1.0% during the 2nd quarter. Muhlenkamp & Co. Inc. now owns 15,527 shares of the construction company's stock worth $11,698,000 after purchasing an additional 159 shares during the last quarter. Copperwynd Financial LLC raised its position in United Rentals by 1.7% during the 2nd quarter. Copperwynd Financial LLC now owns 1,317 shares of the construction company's stock worth $992,000 after purchasing an additional 22 shares during the last quarter. Tectonic Advisors LLC raised its position in shares of United Rentals by 8.6% in the 2nd quarter. Tectonic Advisors LLC now owns 1,452 shares of the construction company's stock worth $1,094,000 after acquiring an additional 115 shares in the last quarter. Finally, Maryland State Retirement & Pension System raised its position in shares of United Rentals by 2.9% in the 2nd quarter. Maryland State Retirement & Pension System now owns 3,151 shares of the construction company's stock worth $2,374,000 after acquiring an additional 90 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

URI has been the subject of several research analyst reports. Weiss Ratings reissued a "hold (c+)" rating on shares of United Rentals in a research report on Wednesday. JPMorgan Chase & Co. lifted their price objective on United Rentals from $1,000.00 to $1,150.00 and gave the stock an "overweight" rating in a research report on Monday, September 22nd. UBS Group lifted their price objective on United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Barclays lifted their price objective on United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a research report on Monday, July 21st. Finally, KeyCorp lifted their price objective on United Rentals from $1,075.00 to $1,120.00 and gave the stock an "overweight" rating in a research report on Thursday, September 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $956.13.

United Rentals Stock Performance

Shares of URI opened at $979.20 on Friday. The company has a market cap of $63.00 billion, a PE ratio of 25.32, a P/E/G ratio of 2.30 and a beta of 1.73. 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, Inc. has a one year low of $525.91 and a one year high of $1,004.92. The stock has a 50-day moving average of $935.73 and a 200-day moving average of $782.55.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly 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). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same quarter last year, the firm posted $10.70 EPS. United Rentals'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 predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, August 13th. United Rentals's payout ratio is presently 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.

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