Inspire Investing LLC Raises Holdings in United Rentals, Inc. $URI

Inspire Investing LLC lifted its position in shares of United Rentals, Inc. (NYSE:URI) by 2.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 6,340 shares of the construction company’s stock after acquiring an additional 149 shares during the quarter. Inspire Investing LLC’s holdings in United Rentals were worth $3,973,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fourth Dimension Wealth LLC purchased a new stake in United Rentals during the first quarter valued at about $26,000. TruNorth Capital Management LLC lifted its holdings in United Rentals by 1,266.7% during the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock valued at $26,000 after purchasing an additional 38 shares during the last quarter. Flaharty Asset Management LLC purchased a new stake in United Rentals during the first quarter valued at about $30,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in United Rentals by 69.0% during the first 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. Finally, Grove Bank & Trust purchased a new stake in United Rentals during the first quarter valued at about $36,000. 96.26% of the stock is currently owned by institutional investors.

United Rentals Price Performance

Shares of NYSE URI opened at $959.56 on Friday. The firm has a market capitalization of $61.74 billion, a P/E ratio of 24.81, a P/E/G ratio of 2.18 and a beta of 1.72. 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 simple moving average is $883.26 and its two-hundred day simple moving average is $736.44. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $980.53.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing analysts’ consensus estimates of $10.54 by ($0.07). The business 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%.United Rentals’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were given a dividend of $1.79 per share. 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 dividend payout ratio is 18.52%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of United Rentals from $920.00 to $950.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Bank of America upped their price objective 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. The Goldman Sachs Group boosted their price objective on United Rentals from $770.00 to $850.00 and gave the company a “buy” rating in a research note on Tuesday, May 27th. Morgan Stanley boosted their price objective on United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Finally, KeyCorp boosted their price objective on United Rentals from $960.00 to $1,075.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $842.86.

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.