Glenview Trust co Has $9.15 Million Stock Holdings in United Rentals, Inc. $URI

Glenview Trust co lifted its holdings in United Rentals, Inc. (NYSE:URI) by 2.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,604 shares of the construction company’s stock after buying an additional 390 shares during the period. Glenview Trust co’s holdings in United Rentals were worth $9,152,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Elevation Point Wealth Partners LLC boosted its position 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 period. Dynamic Advisor Solutions LLC acquired a new stake in United Rentals during the first quarter valued at $602,000. Wealth Enhancement Advisory Services LLC boosted its position in United Rentals by 12.4% during 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 purchasing an additional 789 shares during the last quarter. Farther Finance Advisors LLC boosted its position in United Rentals by 101.6% during the first quarter. Farther Finance Advisors LLC now owns 859 shares of the construction company’s stock valued at $543,000 after purchasing an additional 433 shares during the last quarter. Finally, Brookwood Investment Group LLC acquired a new stake in United Rentals during the first quarter valued at $2,966,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Trading Down 2.7%

United Rentals stock opened at $944.43 on Wednesday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. The business’s 50-day simple moving average is $876.62 and its 200-day simple moving average is $732.70. The firm has a market capitalization of $60.77 billion, a PE ratio of 24.42, a PEG ratio of 2.24 and a beta of 1.72. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $980.53.

United Rentals (NYSE:URI) last posted 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). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the previous year, the firm posted $10.70 earnings per share. The company’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. Equities research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Evercore ISI reissued an “outperform” rating on shares of United Rentals in a research report on Tuesday, August 19th. Barclays lifted their price objective on United Rentals from $565.00 to $620.00 and gave the company an “underweight” rating in a research report on Monday, July 21st. Argus set a $935.00 target price on United Rentals in a report on Tuesday, August 12th. The Goldman Sachs Group raised their target price on United Rentals from $770.00 to $850.00 and gave the company a “buy” rating in a report on Tuesday, May 27th. Finally, Citigroup restated a “buy” rating and set a $810.00 target price (up from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. One 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 company’s stock. According to MarketBeat.com, United Rentals has an average rating of “Moderate Buy” and a consensus target price of $842.86.

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.