United Rentals, Inc. $URI Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC increased its holdings in shares of United Rentals, Inc. (NYSE:URI) by 26.8% during the second quarter, HoldingsChannel reports. The fund owned 1,837 shares of the construction company’s stock after buying an additional 388 shares during the period. Apollon Wealth Management LLC’s holdings in United Rentals were worth $1,384,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. TruNorth Capital Management LLC grew its holdings in United Rentals by 1,266.7% in 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 in the first quarter valued at $26,000. Maseco LLP acquired a new stake in United Rentals in the second quarter valued at $32,000. Flaharty Asset Management LLC acquired a new stake in United Rentals in the first quarter valued at $30,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in United Rentals by 69.0% in 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. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. BNP Paribas Exane raised United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 target price on the stock in a report on Tuesday, September 16th. Baird R W raised United Rentals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Robert W. Baird raised United Rentals from a “neutral” rating to an “outperform” rating and upped their target price for the company from $888.00 to $1,050.00 in a report on Wednesday, October 1st. UBS Group increased their price objective on United Rentals from $780.00 to $835.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Finally, Barclays increased their price objective on United Rentals from $565.00 to $620.00 and gave the company an “underweight” rating in a research note on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $956.13.

United Rentals Stock Performance

NYSE URI opened at $974.44 on Tuesday. The business’s 50-day moving average price is $939.68 and its 200 day moving average price is $789.00. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $1,004.92. The company has a market capitalization of $62.70 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 2.19 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 (NYSE:URI) last released its earnings results 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). 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 for the quarter, compared to analysts’ expectations of $3.90 billion. During the same quarter last year, the company posted $10.70 earnings per share. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. On average, research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given a dividend of $1.79 per share. The ex-dividend date was Wednesday, August 13th. This represents a $7.16 annualized dividend and a yield of 0.7%. United Rentals’s dividend payout ratio is 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.