US Bancorp DE Has $14.08 Million Stock Holdings in United Rentals, Inc. $URI

Key Points

• US Bancorp DE reduced its holdings in United Rentals, Inc. by 6.2% in the second quarter, now owning 18,686 shares valued at approximately $14.08 million.
• Brokerages have raised their target prices for United Rentals, with Truist Financial increasing it from $952 to $1,194 and Robert W. Baird raising it from $888 to $1,050, reflecting strong investor sentiment.
• United Rentals reported $10.47 EPS for the last quarter, slightly missing expectations, while their revenue improved by 4.5% year-over-year, totaling $3.94 billion.

US Bancorp DE lessened its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 6.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 18,686 shares of the construction company's stock after selling 1,227 shares during the period. US Bancorp DE's holdings in United Rentals were worth $14,078,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Elevation Point Wealth Partners LLC raised its holdings in United Rentals by 32.9% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 2,220 shares of the construction company's stock valued at $1,391,000 after acquiring an additional 550 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new position in United Rentals in the 1st quarter valued at approximately $602,000. Roundview Capital LLC raised its holdings in United Rentals by 9.2% in the 2nd quarter. Roundview Capital LLC now owns 5,909 shares of the construction company's stock valued at $4,452,000 after acquiring an additional 496 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in United Rentals by 12.4% in the 1st 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 in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in United Rentals by 101.6% in the 1st quarter. Farther Finance Advisors LLC now owns 859 shares of the construction company's stock valued at $543,000 after acquiring an additional 433 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on URI. Truist Financial increased their target price on United Rentals from $952.00 to $1,194.00 and gave the stock a "buy" rating in a report on Wednesday. Robert W. Baird raised United Rentals from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $888.00 to $1,050.00 in a report on Wednesday, October 1st. JPMorgan Chase & Co. increased their target price on United Rentals from $1,000.00 to $1,150.00 and gave the stock an "overweight" rating in a report on Monday, September 22nd. UBS Group increased their target price on United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Finally, BNP Paribas set a $900.00 target price on United Rentals and gave the stock a "neutral" rating in a report on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $956.13.

United Rentals Stock Performance

URI opened at $951.67 on Friday. The business's 50-day moving average price is $937.56 and its two-hundred day moving average price is $785.60. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,004.92. The company has a market capitalization of $61.23 billion, a price-to-earnings ratio of 24.61, a P/E/G ratio of 2.20 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 (NYSE:URI - Get Free Report) last released its 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). The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. United Rentals's revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. Equities analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

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

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.

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