Talon Private Wealth LLC Acquires 2,657 Shares of United Rentals, Inc. $URI

Key Points

• Talon Private Wealth LLC significantly increased its holdings in United Rentals, acquiring an additional 2,657 shares, raising its total ownership by 6,812.8% in the first quarter, totaling 2,696 shares worth approximately $1.7 million.
• Institutional investors own 96.26% of United Rentals, with several firms increasing their stakes, including UniSuper Management with a 9.9% increase and Plancorp LLC with a 43.6% increase during the same period.
• Despite a revenue increase year-over-year, United Rentals reported an EPS of $10.47 for its latest quarter, missing analyst expectations, and announced a quarterly dividend of $1.79 per share with an annual yield of 0.7%.

Talon Private Wealth LLC increased its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 6,812.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,696 shares of the construction company's stock after purchasing an additional 2,657 shares during the period. Talon Private Wealth LLC's holdings in United Rentals were worth $1,704,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC boosted its holdings in shares of United Rentals by 32.9% in the first quarter. Elevation Point Wealth Partners LLC now owns 2,220 shares of the construction company's stock worth $1,391,000 after buying an additional 550 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new position in shares of United Rentals in the first quarter worth approximately $602,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of United Rentals by 12.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,160 shares of the construction company's stock worth $4,488,000 after buying an additional 789 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of United Rentals by 101.6% in the first quarter. Farther Finance Advisors LLC now owns 859 shares of the construction company's stock worth $543,000 after buying an additional 433 shares during the last quarter. Finally, Brookwood Investment Group LLC purchased a new position in shares of United Rentals in the first quarter worth approximately $2,966,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Redburn Atlantic downgraded shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective on the stock. in a report on Friday, June 13th. Argus set a $935.00 price objective on shares of United Rentals in a report on Tuesday, August 12th. KeyCorp raised their price objective on shares of United Rentals from $960.00 to $1,075.00 and gave the stock an "overweight" rating in a report on Friday, August 29th. Truist Financial raised 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. Finally, The Goldman Sachs Group raised their price objective on shares of United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $842.86.

United Rentals Stock Performance

NYSE URI traded down $14.21 on Friday, reaching $945.39. 203,904 shares of the stock were exchanged, compared to its average volume of 633,307. United Rentals, Inc. has a one year low of $525.91 and a one year high of $980.53. The firm has a market capitalization of $60.83 billion, a PE ratio of 24.45, a PEG ratio of 2.18 and a beta of 1.72. The company's 50-day simple moving average is $883.26 and its two-hundred day simple moving average is $736.44. 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 released its quarterly earnings data 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 company had revenue of $3.94 billion for 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 company's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. 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 given 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 0.8%. United Rentals's dividend payout ratio (DPR) is presently 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.