Sunflower Bank N.A. Takes $230,000 Position in United Rentals, Inc. $URI

Key Points

• Sunflower Bank N.A. has acquired a new stake in United Rentals, purchasing 305 shares valued at approximately $230,000 during the second quarter.
• In the 1st quarter, institutional investors significantly increased their positions in United Rentals, with GAMMA Investing's holdings rising by 77,674.5% to over $556 million.
• Analyst price targets for United Rentals range from $565.00 to $1,075.00, with a consensus rating of "Moderate Buy" and a target price of $850.00.

Sunflower Bank N.A. acquired a new stake in United Rentals, Inc. (NYSE:URI - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 305 shares of the construction company's stock, valued at approximately $230,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gilman Hill Asset Management LLC lifted its stake in United Rentals by 2.6% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 6,169 shares of the construction company's stock valued at $4,648,000 after purchasing an additional 158 shares during the last quarter. Pines Wealth Management LLC raised its holdings in United Rentals by 4.6% in the 2nd quarter. Pines Wealth Management LLC now owns 473 shares of the construction company's stock valued at $375,000 after buying an additional 21 shares during the last quarter. New England Research & Management Inc. grew its stake in shares of United Rentals by 0.5% in the second quarter. New England Research & Management Inc. now owns 8,785 shares of the construction company's stock worth $6,619,000 after purchasing an additional 40 shares during the last quarter. Czech National Bank raised its position in United Rentals by 5.9% during the 2nd quarter. Czech National Bank now owns 15,888 shares of the construction company's stock worth $11,970,000 after purchasing an additional 888 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of United Rentals by 5.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company's stock valued at $199,000 after buying an additional 13 shares during the period. Institutional investors own 96.26% of the company's stock.

United Rentals Price Performance

Shares of United Rentals stock traded up $5.36 during trading on Monday, hitting $946.88. 138,474 shares of the stock traded hands, compared to its average volume of 633,759. The stock has a market cap of $60.92 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 2.18 and a beta of 1.72. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $980.53. The firm's fifty day moving average is $900.44 and its 200-day moving average is $751.12.

United Rentals (NYSE:URI - Get Free Report) last issued its 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). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The firm had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $3.90 billion. During the same period in the prior year, the company earned $10.70 EPS. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. Research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals's dividend payout ratio is 18.52%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on URI. Argus set a $935.00 target price on shares of United Rentals in a research report on Tuesday, August 12th. Redburn Atlantic downgraded shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price for the company. in a research note on Friday, June 13th. Bank of America increased their price target on United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. upped their target price on United Rentals from $1,000.00 to $1,150.00 and gave the company an "overweight" rating in a research report on Monday. Finally, BNP Paribas set a $900.00 price target on United Rentals and gave the stock a "neutral" rating in a report on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $862.50.

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.