Wealthfront Advisers LLC Purchases 19 Shares of United Rentals, Inc. $URI

Wealthfront Advisers LLC increased its position in shares of United Rentals, Inc. (NYSE:URI) by 0.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 8,136 shares of the construction company’s stock after buying an additional 19 shares during the quarter. Wealthfront Advisers LLC’s holdings in United Rentals were worth $6,130,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Roundview Capital LLC boosted its holdings in United Rentals by 9.2% during the second quarter. Roundview Capital LLC now owns 5,909 shares of the construction company’s stock valued at $4,452,000 after acquiring an additional 496 shares during the period. Callahan Advisors LLC boosted its stake in United Rentals by 2.3% during the 2nd quarter. Callahan Advisors LLC now owns 11,584 shares of the construction company’s stock valued at $8,727,000 after purchasing an additional 264 shares during the period. First Citizens Bank & Trust Co. boosted its stake in United Rentals by 119.7% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 1,428 shares of the construction company’s stock valued at $1,076,000 after purchasing an additional 778 shares during the period. Phoenix Financial Ltd. acquired a new stake in United Rentals in the 2nd quarter valued at approximately $1,366,000. Finally, Ascent Group LLC bought a new position in United Rentals in the 2nd quarter worth approximately $221,000. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

NYSE URI opened at $877.20 on Wednesday. The stock has a market cap of $55.82 billion, a P/E ratio of 22.56, a PEG ratio of 2.03 and a beta of 1.73. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.40. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $1,021.47. The company’s 50-day simple moving average is $955.20 and its 200 day simple moving average is $817.52.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 earnings per share 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 company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same period in the previous year, the firm posted $11.80 earnings per share. The firm’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, research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be issued a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is presently 18.42%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Sanford C. Bernstein set a $1,128.00 price objective on United Rentals and gave the company an “outperform” rating in a research report on Tuesday, September 23rd. BNP Paribas Exane upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price target on the stock in a research report on Tuesday, September 16th. KeyCorp reaffirmed an “overweight” rating on shares of United Rentals in a research report on Friday. Argus set a $935.00 target price on shares of United Rentals in a research note on Tuesday, August 12th. Finally, JPMorgan Chase & Co. lifted their target price on United Rentals from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Monday, September 22nd. Two 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $974.47.

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.