Griffin Asset Management Inc. Invests $1.71 Million in United Rentals, Inc. $URI

Griffin Asset Management Inc. acquired a new position in shares of United Rentals, Inc. (NYSE:URI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,267 shares of the construction company’s stock, valued at approximately $1,708,000.

Several other large investors have also recently bought and sold shares of URI. MassMutual Private Wealth & Trust FSB increased its stake in shares of United Rentals by 5.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company’s stock valued at $199,000 after purchasing an additional 13 shares during the last quarter. Cooper Financial Group increased its stake in shares of United Rentals by 1.6% in the 2nd quarter. Cooper Financial Group now owns 807 shares of the construction company’s stock valued at $608,000 after purchasing an additional 13 shares during the last quarter. American Trust increased its stake in shares of United Rentals by 1.1% in the 1st quarter. American Trust now owns 1,242 shares of the construction company’s stock valued at $778,000 after purchasing an additional 14 shares during the last quarter. CX Institutional increased its stake in shares of United Rentals by 2.5% in the 2nd quarter. CX Institutional now owns 585 shares of the construction company’s stock valued at $441,000 after purchasing an additional 14 shares during the last quarter. Finally, Leavell Investment Management Inc. increased its stake in shares of United Rentals by 3.6% in the 1st quarter. Leavell Investment Management Inc. now owns 515 shares of the construction company’s stock valued at $323,000 after purchasing an additional 18 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Down 2.9%

Shares of URI opened at $951.67 on Monday. The company has a market capitalization of $61.23 billion, a PE ratio of 24.61, a PEG ratio of 2.19 and a beta of 1.73. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $1,004.92. The stock’s 50-day moving average price is $937.56 and its two-hundred day moving average price is $786.57. 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 (NYSE:URI) last announced its earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing the consensus estimate of $10.54 by ($0.07). The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. On average, analysts anticipate 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 was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were given a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is 18.52%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Baird R W raised United Rentals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. raised their price objective on United Rentals from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a report on Monday, September 22nd. BNP Paribas set a $900.00 price objective on United Rentals and gave the company a “neutral” rating in a report on Tuesday, September 16th. Evercore ISI reissued an “outperform” rating on shares of United Rentals in a report on Tuesday, August 19th. Finally, Barclays raised 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. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $956.13.

United Rentals Company 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.