Turtle Creek Wealth Advisors LLC Makes New $211,000 Investment in United Rentals, Inc. $URI

Key Points

• Turtle Creek Wealth Advisors LLC has made a new investment in United Rentals, purchasing 280 shares valued at approximately $211,000.
• United Rentals reported earnings per share of $10.47 for the last quarter, slightly missing the consensus estimate by 7 cents, despite a year-over-year revenue increase of 4.5%.
• The company announced a quarterly dividend of $1.79 per share, representing an annualized yield of 0.7% with a payout ratio of 18.52%.

Turtle Creek Wealth Advisors LLC purchased a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 280 shares of the construction company's stock, valued at approximately $211,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Roundview Capital LLC lifted its stake in United Rentals by 9.2% during the second quarter. Roundview Capital LLC now owns 5,909 shares of the construction company's stock worth $4,452,000 after purchasing an additional 496 shares during the period. Callahan Advisors LLC raised its stake in shares of United Rentals by 2.3% in the second quarter. Callahan Advisors LLC now owns 11,584 shares of the construction company's stock valued at $8,727,000 after acquiring an additional 264 shares during the last quarter. Ascent Group LLC bought a new position in shares of United Rentals in the second quarter valued at approximately $221,000. Wealth Enhancement Advisory Services LLC raised its stake 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 valued at $4,488,000 after acquiring an additional 789 shares during the last quarter. Finally, Brookwood Investment Group LLC bought a new position in shares of United Rentals in the first quarter valued at approximately $2,966,000. Institutional investors own 96.26% of the company's stock.

United Rentals Stock Performance

URI stock opened at $979.96 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80. The company has a 50 day moving average price of $950.90 and a 200 day moving average price of $797.07. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,021.47. The stock has a market capitalization of $63.05 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 2.32 and a beta of 1.73.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 earnings per share 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 company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter last year, the firm earned $10.70 EPS. The business'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. Analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals's payout ratio is currently 18.52%.

Analyst Ratings Changes

URI has been the subject of a number of research analyst reports. BNP Paribas Exane upgraded shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 target price for the company in a research note on Tuesday, September 16th. Weiss Ratings reiterated a "hold (c+)" rating on shares of United Rentals in a research note on Wednesday, October 8th. Bank of America lifted their target price on shares of United Rentals from $895.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Robert W. Baird upgraded shares of United Rentals from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $888.00 to $1,050.00 in a research note on Wednesday, October 1st. Finally, Citigroup boosted their price objective on shares of United Rentals from $1,000.00 to $1,080.00 and gave the stock a "buy" rating in a research report on Tuesday, September 23rd. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $956.13.

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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