Rehmann Capital Advisory Group Raises Position in United Rentals, Inc. $URI

Rehmann Capital Advisory Group increased its holdings in United Rentals, Inc. (NYSE:URI) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 563 shares of the construction company’s stock after purchasing an additional 16 shares during the quarter. Rehmann Capital Advisory Group’s holdings in United Rentals were worth $424,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Roundview Capital LLC raised its position in United Rentals by 9.2% in the 2nd quarter. Roundview Capital LLC now owns 5,909 shares of the construction company’s stock worth $4,452,000 after purchasing an additional 496 shares during the period. Callahan Advisors LLC raised its position in United Rentals by 2.3% in the 2nd quarter. Callahan Advisors LLC now owns 11,584 shares of the construction company’s stock worth $8,727,000 after purchasing an additional 264 shares during the period. Ascent Group LLC purchased a new position in United Rentals in the 2nd quarter worth $221,000. Equitable Trust Co. purchased a new position in United Rentals in the 2nd quarter worth $3,155,000. Finally, Phoenix Financial Ltd. purchased a new position in United Rentals in the 2nd quarter worth $1,366,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on URI. Truist Financial boosted 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 report on Wednesday, October 8th. UBS Group boosted their price objective on shares of United Rentals from $780.00 to $835.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Barclays decreased their price objective on shares of United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a research report on Monday. Argus set a $935.00 price objective on shares of United Rentals in a research report on Tuesday, August 12th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of United Rentals from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $966.47.

United Rentals Trading Down 7.9%

Shares of URI opened at $913.32 on Friday. The firm’s 50-day moving average price is $956.19 and its 200-day moving average price is $807.72. The firm has a market capitalization of $58.76 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 2.29 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, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.16 billion. United Rentals had a net margin of 15.83% and a return on equity of 31.47%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $11.80 EPS. United Rentals has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be paid a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals’s payout ratio is presently 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.