Kingswood Wealth Advisors LLC Has $268,000 Stock Position in United Rentals, Inc. $URI

Kingswood Wealth Advisors LLC decreased its position in shares of United Rentals, Inc. (NYSE:URI) by 33.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 356 shares of the construction company’s stock after selling 176 shares during the period. Kingswood Wealth Advisors LLC’s holdings in United Rentals were worth $268,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of URI. 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. GAMMA Investing LLC boosted its position in United Rentals by 24.1% during the first quarter. GAMMA Investing LLC now owns 1,416 shares of the construction company’s stock valued at $887,000 after purchasing an additional 275 shares during the last quarter. CX Institutional boosted its position in United Rentals by 10.7% during the first quarter. CX Institutional now owns 571 shares of the construction company’s stock valued at $358,000 after purchasing an additional 55 shares during the last quarter. Simon Quick Advisors LLC acquired a new stake in shares of United Rentals in the first quarter worth about $210,000. Finally, Relyea Zuckerberg Hanson LLC lifted its position in shares of United Rentals by 14.8% in the first quarter. Relyea Zuckerberg Hanson LLC now owns 565 shares of the construction company’s stock worth $354,000 after buying an additional 73 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Trading Down 2.9%

United Rentals stock opened at $951.67 on Friday. 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 $937.56 and its 200-day simple moving average is $785.60. The firm has a market capitalization of $61.23 billion, a PE ratio of 24.61, a PEG ratio of 2.20 and a beta of 1.73. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $1,004.92.

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). The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $10.70 earnings per share. 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

URI has been the subject of a number of analyst reports. Citigroup boosted their price target on United Rentals from $1,000.00 to $1,080.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Baird R W raised United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Sanford C. Bernstein set a $1,128.00 price target on United Rentals and gave the stock an “outperform” rating in a research report on Tuesday, September 23rd. Evercore ISI reaffirmed an “outperform” rating on shares of United Rentals in a research report on Tuesday, August 19th. Finally, UBS Group boosted their price target on United Rentals from $780.00 to $835.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $956.13.

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.