Premier Path Wealth Partners LLC Boosts Stock Position in United Rentals, Inc. $URI

Premier Path Wealth Partners LLC raised its stake in shares of United Rentals, Inc. (NYSE:URI) by 11.8% in the second quarter, Holdings Channel reports. The institutional investor owned 859 shares of the construction company’s stock after buying an additional 91 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in United Rentals were worth $647,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Hantz Financial Services Inc. raised its position in shares of United Rentals by 103.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 55 shares of the construction company’s stock worth $42,000 after purchasing an additional 28 shares during the last quarter. Arkadios Wealth Advisors increased its stake in United Rentals by 4.1% during the 2nd quarter. Arkadios Wealth Advisors now owns 6,082 shares of the construction company’s stock valued at $4,582,000 after purchasing an additional 239 shares in the last quarter. World Investment Advisors raised its holdings in United Rentals by 0.8% in the second quarter. World Investment Advisors now owns 1,748 shares of the construction company’s stock worth $1,317,000 after buying an additional 14 shares during the last quarter. Whalen Wealth Management Inc. bought a new position in shares of United Rentals in the second quarter worth approximately $259,000. Finally, Human Investing LLC bought a new position in shares of United Rentals in the second quarter worth approximately $234,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Stock Down 1.3%

URI stock opened at $859.13 on Friday. The company has a market cap of $54.67 billion, a price-to-earnings ratio of 22.10, a P/E/G ratio of 1.97 and a beta of 1.73. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90. The business’s 50-day moving average is $953.97 and its two-hundred day moving average is $819.82. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,021.47.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 EPS for the quarter, missing the consensus estimate of $12.43 by ($0.73). United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.16 billion. During the same period in the previous year, the company earned $11.80 EPS. United Rentals’s revenue for the quarter was up 5.9% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. As a group, analysts forecast 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. Shareholders of record on Wednesday, November 12th will be given a $1.79 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $7.16 annualized dividend and a yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is presently 18.42%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on URI shares. Citigroup restated a “buy” rating on shares of United Rentals in a report on Thursday, October 23rd. Barclays decreased their price target on United Rentals from $620.00 to $600.00 and set an “underweight” rating for the company in a research note on Monday, October 20th. UBS Group reaffirmed a “neutral” rating and set a $1,025.00 price objective on shares of United Rentals in a research report on Tuesday. Bank of America boosted their target price on United Rentals from $895.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Finally, BNP Paribas Exane upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 target price on the stock in a research note on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, United Rentals has an average rating of “Moderate Buy” and a consensus target price of $974.47.

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.