United Rentals, Inc. $URI Stock Position Raised by ORG Wealth Partners LLC

Key Points

• ORG Wealth Partners LLC increased its holdings in United Rentals, Inc. by 22.0%, owning 2,433 shares valued at approximately $1.88 million.
• United Rentals reported $10.47 earnings per share for its latest quarter, missing the consensus estimate of $10.54, while its revenue increased 4.5% year-over-year.
• The company's quarterly dividend of $1.79 per share translates to an annual yield of 0.8%, with a payout ratio of 18.52%.

ORG Wealth Partners LLC lifted its position in United Rentals, Inc. (NYSE:URI - Free Report) by 22.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,433 shares of the construction company's stock after acquiring an additional 439 shares during the quarter. United Rentals makes up about 0.5% of ORG Wealth Partners LLC's holdings, making the stock its 24th biggest holding. ORG Wealth Partners LLC's holdings in United Rentals were worth $1,884,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC acquired a new position in shares of United Rentals during the 1st quarter worth $26,000. TruNorth Capital Management LLC increased its stake in shares of United Rentals by 1,266.7% during the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock worth $26,000 after purchasing an additional 38 shares during the last quarter. Flaharty Asset Management LLC acquired a new position in shares of United Rentals during the 1st quarter worth $30,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of United Rentals by 69.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock worth $31,000 after purchasing an additional 20 shares during the last quarter. Finally, Maseco LLP acquired a new position in shares of United Rentals during the 2nd quarter worth $32,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Trading Up 1.7%

Shares of URI stock opened at $947.47 on Friday. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $980.53. The company has a market capitalization of $60.96 billion, a P/E ratio of 24.50, a P/E/G ratio of 2.15 and a beta of 1.72. The firm has a 50-day moving average price of $913.99 and a 200 day moving average price of $760.64. 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 (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 net margin of 16.11% and a return on equity of 32.01%. The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.90 billion. During the same quarter in the previous year, the business posted $10.70 EPS. The company's revenue was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. Research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. UBS Group upped their price target on shares of United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Evercore ISI restated an "outperform" rating on shares of United Rentals in a report on Tuesday, August 19th. Redburn Atlantic cut shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price target for the company. in a report on Friday, June 13th. JPMorgan Chase & Co. upped their price target on shares of United Rentals from $1,000.00 to $1,150.00 and gave the company an "overweight" rating in a report on Monday, September 22nd. Finally, Sanford C. Bernstein set a $1,128.00 price target on shares of United Rentals and gave the company an "outperform" rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $911.06.

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.

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