Stratos Wealth Advisors LLC Increases Stake in United Rentals, Inc. $URI

Stratos Wealth Advisors LLC increased its holdings in United Rentals, Inc. (NYSE:URI) by 13.2% in the second quarter, Holdings Channel.com reports. The firm owned 774 shares of the construction company’s stock after acquiring an additional 90 shares during the period. Stratos Wealth Advisors LLC’s holdings in United Rentals were worth $583,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC purchased a new stake in United Rentals during the 1st quarter valued at $26,000. TruNorth Capital Management LLC boosted its position in United Rentals by 1,266.7% during the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock valued at $26,000 after buying an additional 38 shares during the period. Flaharty Asset Management LLC purchased a new stake in United Rentals during the 1st quarter valued at $30,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in United Rentals by 69.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock valued at $31,000 after buying an additional 20 shares during the period. Finally, Maseco LLP purchased a new stake in United Rentals during the 2nd quarter valued at $32,000. 96.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. BNP Paribas set a $900.00 price target on shares of United Rentals and gave the company a “neutral” rating in a research report on Tuesday, September 16th. Morgan Stanley increased their price target on shares of United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Sanford C. Bernstein set a $1,128.00 price target on shares of United Rentals and gave the company an “outperform” rating in a research report on Tuesday, September 23rd. Bank of America increased their price target on shares of United Rentals from $895.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Finally, Citigroup lifted their target price on shares of United Rentals from $1,000.00 to $1,080.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Two research 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 given a Sell rating to the company. According to data from MarketBeat.com, United Rentals presently has a consensus rating of “Moderate Buy” and an average target price of $956.13.

United Rentals Trading Down 2.6%

Shares of NYSE URI opened at $979.96 on Monday. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,021.47. The stock has a market cap of $63.05 billion, a P/E ratio of 25.34, a price-to-earnings-growth ratio of 2.26 and a beta of 1.73. The firm has a 50-day moving average of $950.90 and a 200 day moving average of $799.56. 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 issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.54 by ($0.07). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.90 billion. During the same period last year, the business earned $10.70 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared 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. This represents a $7.16 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals’s dividend payout ratio (DPR) is 18.52%.

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.