Summit X LLC Boosts Stock Position in United Rentals, Inc. $URI

Summit X LLC lifted its stake in shares of United Rentals, Inc. (NYSE:URI) by 150.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,494 shares of the construction company’s stock after acquiring an additional 897 shares during the quarter. Summit X LLC’s holdings in United Rentals were worth $1,126,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust boosted its position in shares of United Rentals by 12.0% in the second quarter. Bank of Jackson Hole Trust now owns 112 shares of the construction company’s stock worth $84,000 after purchasing an additional 12 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of United Rentals by 5.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company’s stock valued at $199,000 after buying an additional 13 shares in the last quarter. Cooper Financial Group boosted its holdings in United Rentals by 1.6% in the 2nd quarter. Cooper Financial Group now owns 807 shares of the construction company’s stock worth $608,000 after buying an additional 13 shares during the period. American Trust increased its stake in United Rentals by 1.1% in the 1st quarter. American Trust now owns 1,242 shares of the construction company’s stock worth $778,000 after buying an additional 14 shares in the last quarter. Finally, CX Institutional increased its stake in United Rentals by 2.5% in the 2nd quarter. CX Institutional now owns 585 shares of the construction company’s stock worth $441,000 after buying an additional 14 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

NYSE:URI opened at $846.21 on Friday. The company has a market cap of $53.84 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 1.97 and a beta of 1.73. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,021.47. The stock’s 50 day simple moving average is $942.78 and its two-hundred day simple moving average is $832.63. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 22nd. The construction company reported $11.70 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 31.30%. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the prior year, the company posted $11.80 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders 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 yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is 18.42%.

Analyst Upgrades and Downgrades

URI has been the subject of a number of recent analyst reports. Baird R W raised United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of United Rentals in a report on Wednesday, October 8th. Truist Financial set a $1,169.00 price objective on shares of United Rentals in a report on Friday, October 24th. Barclays reduced 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, October 20th. Finally, BNP Paribas set a $900.00 target price on shares of United Rentals and gave the stock a “neutral” rating in a research report on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, United Rentals has a consensus rating of “Moderate Buy” and an average price target 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.