Human Investing LLC Takes $234,000 Position in United Rentals, Inc. $URI

Human Investing LLC acquired a new stake in United Rentals, Inc. (NYSE:URI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 311 shares of the construction company’s stock, valued at approximately $234,000.

A number of other institutional investors have also modified their holdings of the company. Roundview Capital LLC increased its position in United Rentals by 9.2% during the second 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 last quarter. Callahan Advisors LLC increased its position in United Rentals by 2.3% during the second 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 last quarter. First Citizens Bank & Trust Co. increased its position in United Rentals by 119.7% during the second quarter. First Citizens Bank & Trust Co. now owns 1,428 shares of the construction company’s stock worth $1,076,000 after purchasing an additional 778 shares during the last quarter. Nisa Investment Advisors LLC increased its position in United Rentals by 6.6% during the second quarter. Nisa Investment Advisors LLC now owns 20,362 shares of the construction company’s stock worth $15,341,000 after purchasing an additional 1,263 shares during the last quarter. Finally, Phoenix Financial Ltd. acquired a new position in United Rentals during the second quarter worth approximately $1,366,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. UBS Group reiterated a “neutral” rating and set a $1,025.00 price objective on shares of United Rentals in a research note on Tuesday. BNP Paribas Exane upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 target price for the company in a research note on Tuesday, September 16th. Citigroup reaffirmed a “buy” rating on shares of United Rentals in a report on Thursday, October 23rd. Morgan Stanley upped their price target on shares of United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Finally, Baird R W raised shares of United Rentals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $974.47.

United Rentals Stock Down 2.6%

URI stock opened at $877.20 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.40. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,021.47. The firm’s 50-day simple moving average is $955.20 and its 200 day simple moving average is $817.52. The stock has a market cap of $55.82 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 2.03 and a beta of 1.73.

United Rentals (NYSE:URI) last announced its earnings results 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). The company had revenue of $4.23 billion during 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 31.30%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $11.80 EPS. United Rentals has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be given a dividend of $1.79 per share. The ex-dividend date is Wednesday, November 12th. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is 18.42%.

About United Rentals

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.