Venture Visionary Partners LLC Grows Stake in United Rentals, Inc. $URI

Key Points

• Venture Visionary Partners LLC increased its stake in United Rentals, Inc. by 21.1%, now owning 3,921 shares valued at approximately $2,955,000.
• Bank of America and Morgan Stanley have raised their target prices for United Rentals, reflecting strong bullish sentiment among analysts, with an average price target of $911.06.
• United Rentals reported quarterly earnings of $10.47 per share, missing estimates slightly, but showing a 4.5% year-over-year revenue growth.

Venture Visionary Partners LLC grew its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 21.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,921 shares of the construction company's stock after buying an additional 682 shares during the period. Venture Visionary Partners LLC's holdings in United Rentals were worth $2,955,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in URI. Wolff Wiese Magana LLC lifted its stake in shares of United Rentals by 4.8% during the second quarter. Wolff Wiese Magana LLC now owns 1,314 shares of the construction company's stock worth $990,000 after purchasing an additional 60 shares in the last quarter. GC Wealth Management RIA LLC bought a new stake in United Rentals in the second quarter valued at about $385,000. Sound Income Strategies LLC increased its holdings in United Rentals by 2,520.0% in the second quarter. Sound Income Strategies LLC now owns 131 shares of the construction company's stock valued at $99,000 after buying an additional 126 shares during the last quarter. Addenda Capital Inc. acquired a new position in United Rentals in the second quarter valued at approximately $7,120,000. Finally, Argus Investors Counsel Inc. boosted its stake in United Rentals by 1.8% in the second quarter. Argus Investors Counsel Inc. now owns 3,358 shares of the construction company's stock valued at $2,530,000 after acquiring an additional 60 shares during the period. Institutional investors and hedge funds own 96.26% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on URI shares. Bank of America upped their target price on United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Morgan Stanley increased their target price on United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Sanford C. Bernstein set a $1,128.00 price target on shares of United Rentals and gave the stock an "outperform" rating in a research note on Tuesday, September 23rd. Argus set a $935.00 price objective on shares of United Rentals in a report on Tuesday, August 12th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, United Rentals has an average rating of "Moderate Buy" and a consensus price target of $911.06.

United Rentals Stock Down 0.5%

Shares of URI opened at $942.86 on Tuesday. The company has a 50-day simple moving average of $917.28 and a 200-day simple moving average of $765.10. The firm has a market capitalization of $60.66 billion, a P/E ratio of 24.38, a P/E/G ratio of 2.19 and a beta of 1.72. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $980.53.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). The company had revenue of $3.94 billion for 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%. The firm's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. On average, equities research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were paid 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 dividend payout ratio (DPR) is currently 18.52%.

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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