Probity Advisors Inc. Acquires 44 Shares of United Rentals, Inc. $URI

Probity Advisors Inc. raised its holdings in shares of United Rentals, Inc. (NYSE:URI) by 2.6% in the second quarter, Holdings Channel.com reports. The firm owned 1,767 shares of the construction company’s stock after purchasing an additional 44 shares during the period. Probity Advisors Inc.’s holdings in United Rentals were worth $1,331,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in URI. GAMMA Investing LLC increased its stake in shares of United Rentals by 24.1% during the first quarter. GAMMA Investing LLC now owns 1,416 shares of the construction company’s stock valued at $887,000 after purchasing an additional 275 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of United Rentals by 12.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,160 shares of the construction company’s stock valued at $4,488,000 after buying an additional 789 shares during the last quarter. Johnson Investment Counsel Inc. grew its holdings in shares of United Rentals by 21.1% during the first quarter. Johnson Investment Counsel Inc. now owns 362 shares of the construction company’s stock valued at $227,000 after buying an additional 63 shares during the last quarter. Advisor Resource Council purchased a new stake in shares of United Rentals during the first quarter valued at approximately $369,000. Finally, Crews Bank & Trust grew its holdings in shares of United Rentals by 11.3% during the first quarter. Crews Bank & Trust now owns 216 shares of the construction company’s stock valued at $135,000 after buying an additional 22 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Bank of America increased their price target on shares of United Rentals from $895.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 24th. KeyCorp increased their price target on shares of United Rentals from $1,075.00 to $1,120.00 and gave the company an “overweight” rating in a report on Thursday, September 25th. BNP Paribas set a $900.00 price target on shares of United Rentals and gave the company a “neutral” rating in a report on Tuesday, September 16th. Robert W. Baird upgraded shares of United Rentals from a “neutral” rating to an “outperform” rating and increased their price target for the company from $888.00 to $1,050.00 in a report on Wednesday, October 1st. Finally, BNP Paribas Exane raised 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 report on Tuesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $954.88.

United Rentals Trading Up 2.0%

NYSE:URI opened at $1,000.15 on Tuesday. 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, Inc. has a 12 month low of $525.91 and a 12 month high of $1,021.47. The company has a market cap of $64.35 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 2.26 and a beta of 1.73. The company has a 50 day simple moving average of $953.51 and a two-hundred day simple moving average of $802.61.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing analysts’ consensus estimates of $10.54 by ($0.07). The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the firm posted $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. Research 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 was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, August 13th. United Rentals’s dividend payout ratio (DPR) is currently 18.52%.

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.