L & S Advisors Inc Makes New Investment in United Rentals, Inc. $URI

L & S Advisors Inc purchased a new stake in shares of United Rentals, Inc. (NYSE:URI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,869 shares of the construction company’s stock, valued at approximately $6,682,000.

Several other institutional investors also recently modified their holdings of the company. Maseco LLP bought a new position in United Rentals in the second quarter worth $32,000. Flaharty Asset Management LLC bought a new position in shares of United Rentals during the first quarter valued at $30,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in United Rentals by 69.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock valued at $31,000 after purchasing an additional 20 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of United Rentals in the second quarter valued at approximately $38,000. Finally, Hantz Financial Services Inc. lifted its position in United Rentals by 103.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 55 shares of the construction company’s stock worth $42,000 after buying an additional 28 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on URI. Barclays cut their price target on United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a research note on Monday, October 20th. Citigroup reissued a “buy” rating on shares of United Rentals in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of United Rentals in a research report on Wednesday, October 8th. Evercore ISI reaffirmed an “outperform” rating on shares of United Rentals in a research report on Tuesday, August 19th. Finally, BNP Paribas Exane upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price objective for the company in a research note on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, United Rentals has a consensus rating of “Moderate Buy” and an average target price of $975.61.

United Rentals Price Performance

United Rentals stock opened at $843.44 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $53.67 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 1.97 and a beta of 1.73. The stock’s 50 day moving average is $934.53 and its 200-day moving average is $837.56. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $1,021.47.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, October 22nd. The construction company reported $11.70 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $4.16 billion. During the same quarter in the previous year, the firm posted $11.80 earnings per share. United Rentals’s quarterly revenue was up 5.9% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. Equities research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors 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 annualized dividend and a dividend yield of 0.8%. United Rentals’s payout ratio is 18.42%.

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.