Resources Management Corp CT ADV Buys 100 Shares of United Rentals, Inc. $URI

Resources Management Corp CT ADV boosted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 217.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146 shares of the construction company’s stock after buying an additional 100 shares during the period. Resources Management Corp CT ADV’s holdings in United Rentals were worth $91,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its holdings in United Rentals by 96.6% during the 1st quarter. Jones Financial Companies Lllp now owns 2,884 shares of the construction company’s stock worth $1,807,000 after purchasing an additional 1,417 shares during the last quarter. Talon Private Wealth LLC increased its stake in United Rentals by 6,812.8% during the 1st quarter. Talon Private Wealth LLC now owns 2,696 shares of the construction company’s stock worth $1,704,000 after purchasing an additional 2,657 shares in the last quarter. UniSuper Management Pty Ltd increased its stake in United Rentals by 9.9% during the 1st quarter. UniSuper Management Pty Ltd now owns 5,754 shares of the construction company’s stock worth $3,606,000 after purchasing an additional 519 shares in the last quarter. Plancorp LLC increased its stake in United Rentals by 43.6% during the 1st quarter. Plancorp LLC now owns 547 shares of the construction company’s stock worth $343,000 after purchasing an additional 166 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV boosted its position in United Rentals by 0.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 8,005 shares of the construction company’s stock worth $5,017,000 after acquiring an additional 40 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of NYSE:URI opened at $976.00 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. The stock’s 50 day moving average is $868.94 and its 200-day moving average is $729.03. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $980.53. The firm has a market capitalization of $62.80 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 2.25 and a beta of 1.72.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter last year, the company posted $10.70 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. Sell-side analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were paid a $1.79 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $7.16 annualized dividend and a dividend yield of 0.7%. United Rentals’s payout ratio is presently 18.52%.

Wall Street Analysts Forecast Growth

URI has been the subject of several recent analyst reports. Barclays increased their price objective on United Rentals from $565.00 to $620.00 and gave the company an “underweight” rating in a report on Monday, July 21st. Truist Financial increased their price target on United Rentals from $786.00 to $952.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Evercore ISI reiterated an “outperform” rating on shares of United Rentals in a research report on Tuesday, August 19th. Argus set a $935.00 price target on United Rentals in a research report on Tuesday, August 12th. Finally, Morgan Stanley raised their price target on United Rentals from $702.00 to $955.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $842.86.

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.