Copperwynd Financial LLC Buys 22 Shares of United Rentals, Inc. $URI

Copperwynd Financial LLC grew its stake in United Rentals, Inc. (NYSE:URI) by 1.7% in the second quarter, HoldingsChannel.com reports. The fund owned 1,317 shares of the construction company’s stock after acquiring an additional 22 shares during the period. Copperwynd Financial LLC’s holdings in United Rentals were worth $992,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Tectonic Advisors LLC increased its stake in shares of United Rentals by 8.6% in the 2nd quarter. Tectonic Advisors LLC now owns 1,452 shares of the construction company’s stock valued at $1,094,000 after acquiring an additional 115 shares during the last quarter. Maryland State Retirement & Pension System increased its stake in shares of United Rentals by 2.9% in the 2nd quarter. Maryland State Retirement & Pension System now owns 3,151 shares of the construction company’s stock valued at $2,374,000 after acquiring an additional 90 shares during the last quarter. Independent Solutions Wealth Management LLC increased its stake in United Rentals by 4.3% during the 2nd quarter. Independent Solutions Wealth Management LLC now owns 2,932 shares of the construction company’s stock worth $2,209,000 after purchasing an additional 121 shares in the last quarter. Shell Asset Management Co. increased its stake in United Rentals by 11.0% during the 2nd quarter. Shell Asset Management Co. now owns 10,563 shares of the construction company’s stock worth $7,958,000 after purchasing an additional 1,044 shares in the last quarter. Finally, Roundview Capital LLC increased its stake in United Rentals by 9.2% during the 2nd quarter. Roundview Capital LLC now owns 5,909 shares of the construction company’s stock worth $4,452,000 after purchasing an additional 496 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on URI. Sanford C. Bernstein set a $1,128.00 target price on United Rentals and gave the stock an “outperform” rating in a research note on Tuesday, September 23rd. Baird R W raised United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Citigroup increased their target price on United Rentals from $1,000.00 to $1,080.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Evercore ISI reissued an “outperform” rating on shares of United Rentals in a research note on Tuesday, August 19th. Finally, UBS Group increased their target price on United Rentals from $780.00 to $835.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $956.13.

United Rentals Trading Up 0.6%

NYSE URI opened at $994.89 on Thursday. The company has a market cap of $64.01 billion, a PE ratio of 25.73, a PEG ratio of 2.29 and a beta of 1.73. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $1,004.92. The stock has a 50 day moving average of $933.80 and a 200-day moving average of $780.27.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 EPS 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 company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were issued a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals’s dividend payout ratio is presently 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.