United Rentals, Inc. $URI Shares Bought by Gradient Investments LLC

Gradient Investments LLC boosted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 0.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,276 shares of the construction company’s stock after purchasing an additional 88 shares during the period. Gradient Investments LLC’s holdings in United Rentals were worth $30,344,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. TruNorth Capital Management LLC lifted its stake in United Rentals by 1,266.7% during the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock valued at $26,000 after purchasing an additional 38 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new stake in United Rentals during the first quarter valued at approximately $26,000. Flaharty Asset Management LLC acquired a new stake in United Rentals during the first quarter valued at approximately $30,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in United Rentals by 69.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock valued at $31,000 after purchasing an additional 20 shares during the last quarter. Finally, Grove Bank & Trust acquired a new stake in United Rentals during the first quarter valued at approximately $36,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on URI shares. Argus set a $935.00 target price on shares of United Rentals in a research note on Tuesday, August 12th. Morgan Stanley boosted their price target on shares of United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a report on Monday, July 28th. JPMorgan Chase & Co. boosted their price target on shares of United Rentals from $920.00 to $950.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Evercore ISI restated an “outperform” rating on shares of United Rentals in a report on Tuesday, August 19th. Finally, KeyCorp boosted their price target on shares of United Rentals from $960.00 to $1,075.00 and gave the company an “overweight” rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $842.86.

United Rentals Stock Down 2.2%

United Rentals stock opened at $938.61 on Monday. The firm has a market cap of $60.39 billion, a PE ratio of 24.27, a P/E/G ratio of 2.17 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. The firm’s 50 day moving average price is $886.34 and its two-hundred day moving average price is $739.91. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $980.53.

United Rentals (NYSE:URI) last released 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). 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%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. On average, research analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

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

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.