Courier Capital LLC Makes New $212,000 Investment in United Rentals, Inc. $URI

Courier Capital LLC acquired a new position in shares of United Rentals, Inc. (NYSE:URI) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 282 shares of the construction company’s stock, valued at approximately $212,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of URI. Fourth Dimension Wealth LLC purchased a new position in shares of United Rentals in the 1st quarter worth approximately $26,000. TruNorth Capital Management LLC boosted its stake in shares of United Rentals by 1,266.7% in the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock worth $26,000 after buying an additional 38 shares during the last quarter. Flaharty Asset Management LLC purchased a new position in shares of United Rentals in the 1st quarter worth approximately $30,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of United Rentals by 69.0% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock worth $31,000 after buying an additional 20 shares during the last quarter. Finally, Maseco LLP purchased a new position in shares of United Rentals in the 2nd quarter worth approximately $32,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analyst Ratings Changes

URI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on United Rentals from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Monday, September 22nd. Morgan Stanley upped their price objective on United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Baird R W upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Sanford C. Bernstein set a $1,128.00 price objective on United Rentals and gave the company an “outperform” rating in a research note on Tuesday, September 23rd. Finally, Robert W. Baird upgraded United Rentals from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $888.00 to $1,050.00 in a research note on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $956.13.

United Rentals Trading Up 1.9%

NYSE:URI opened at $1,019.62 on Thursday. The company has a market cap of $65.60 billion, a P/E ratio of 26.37, a P/E/G ratio of 2.31 and a beta of 1.73. The stock’s fifty day moving average price is $945.47 and its two-hundred day moving average price is $792.05. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,021.36. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.54 by ($0.07). The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations 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 was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. As a group, analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders 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 dividend yield of 0.7%. 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.