FSM Wealth Advisors LLC Invests $232,000 in United Rentals, Inc. $URI

FSM Wealth Advisors LLC purchased a new position in shares of United Rentals, Inc. (NYSE:URI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 296 shares of the construction company’s stock, valued at approximately $232,000.

Several other institutional investors have also added to or reduced their stakes in URI. TruNorth Capital Management LLC lifted its stake in United Rentals by 1,266.7% during the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock worth $26,000 after purchasing an additional 38 shares during the last quarter. Maseco LLP acquired a new position in shares of United Rentals during the 2nd quarter worth $32,000. Flaharty Asset Management LLC acquired a new position in shares of United Rentals during the 1st quarter worth $30,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of United Rentals by 69.0% during 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, Trust Co. of Toledo NA OH acquired a new stake in United Rentals in the second quarter valued at about $38,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Robert W. Baird upgraded United Rentals from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $888.00 to $1,050.00 in a research report on Wednesday, October 1st. Evercore ISI restated an “outperform” rating on shares of United Rentals in a research note on Tuesday, August 19th. BNP Paribas set a $900.00 price target on shares of United Rentals and gave the company a “neutral” rating in a report on Tuesday, September 16th. Truist Financial increased their price objective on shares of United Rentals from $952.00 to $1,194.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Finally, Morgan Stanley raised their target price 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. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $966.47.

United Rentals Stock Performance

United Rentals stock opened at $913.32 on Friday. The business has a 50 day moving average of $956.19 and a 200-day moving average of $807.72. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,021.47. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80. The company has a market capitalization of $58.76 billion, a P/E ratio of 23.49, a P/E/G ratio of 2.29 and a beta of 1.73.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). United Rentals had a net margin of 15.83% and a return on equity of 31.47%. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter last year, the business earned $11.80 EPS. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. On average, equities 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 declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, November 12th. United Rentals’s payout ratio 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.