KPP Advisory Services LLC raised its holdings in shares of United Rentals, Inc. (NYSE:URI – Free Report) by 37.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 974 shares of the construction company’s stock after buying an additional 264 shares during the quarter. KPP Advisory Services LLC’s holdings in United Rentals were worth $734,000 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. Fourth Dimension Wealth LLC acquired a new stake in shares of United Rentals in the 1st quarter valued at approximately $26,000. TruNorth Capital Management LLC lifted its stake in shares of United Rentals by 1,266.7% during the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock worth $26,000 after purchasing an additional 38 shares in the last quarter. Flaharty Asset Management LLC purchased a new stake in United Rentals during the 1st quarter worth $30,000. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of United Rentals by 69.0% in 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 in the last quarter. Finally, Maseco LLP bought a new stake in shares of United Rentals in the 2nd quarter worth about $32,000. 96.26% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
URI has been the subject of a number of research reports. UBS Group lifted their price objective on shares of United Rentals from $780.00 to $835.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Baird R W upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Citigroup boosted their price target on shares of United Rentals from $1,000.00 to $1,080.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Argus set a $935.00 target price on United Rentals in a report on Tuesday, August 12th. Finally, Redburn Atlantic downgraded shares of United Rentals from a “buy” rating to a “neutral” rating and set a $760.00 target price on the stock. in a research note on Friday, June 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $941.00.
United Rentals Price Performance
Shares of NYSE:URI opened at $982.25 on Monday. The company has a market cap of $63.20 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 2.27 and a beta of 1.73. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $997.50. The business has a 50 day moving average price of $927.68 and a 200 day moving average price of $774.82. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34.
United Rentals (NYSE:URI – Get Free Report) last posted its quarterly 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 firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The company’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the company earned $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. Research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.
United Rentals Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors 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 dividend on an annualized basis and a dividend yield of 0.7%. United Rentals’s dividend payout ratio (DPR) is 18.52%.
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.
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