United Rentals, Inc. $URI Shares Acquired by Litman Gregory Wealth Management LLC

Litman Gregory Wealth Management LLC lifted its holdings in United Rentals, Inc. (NYSE:URIFree Report) by 2.3% in the second quarter, Holdings Channel reports. The firm owned 6,080 shares of the construction company’s stock after buying an additional 136 shares during the period. Litman Gregory Wealth Management LLC’s holdings in United Rentals were worth $4,581,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Nuveen LLC purchased a new stake in shares of United Rentals during the first quarter worth about $402,291,000. JPMorgan Chase & Co. boosted its stake in United Rentals by 98.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company’s stock worth $685,488,000 after purchasing an additional 541,579 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in United Rentals in the 2nd quarter worth approximately $152,069,000. The Manufacturers Life Insurance Company grew its position in United Rentals by 28.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company’s stock worth $532,561,000 after purchasing an additional 190,007 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in United Rentals by 22.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company’s stock valued at $414,406,000 after purchasing an additional 120,449 shares in the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Stock Performance

Shares of URI stock opened at $982.25 on Monday. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $997.50. 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 has a market cap of $63.20 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 2.27 and a beta of 1.73. The business has a 50-day simple moving average of $927.68 and a 200-day simple moving average of $774.82.

United Rentals (NYSE:URIGet Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing the consensus estimate of $10.54 by ($0.07). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.90 billion. During the same quarter in the prior year, the business posted $10.70 earnings per share. The firm’s revenue was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. On average, equities analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were issued a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a yield of 0.7%. United Rentals’s dividend payout ratio is 18.52%.

Analysts Set New Price Targets

URI has been the subject of several research reports. Baird R W upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Evercore ISI restated an “outperform” rating on shares of United Rentals in a research note on Tuesday, August 19th. Redburn Atlantic cut United Rentals from a “buy” rating to a “neutral” rating and set a $760.00 price target for the company. in a research report on Friday, June 13th. Argus set a $935.00 price objective on United Rentals in a report on Tuesday, August 12th. Finally, Barclays lifted their target price on United Rentals from $565.00 to $620.00 and gave the stock an “underweight” rating in a report on Monday, July 21st. 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 assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $941.00.

Check Out Our Latest Report on URI

About United Rentals

(Free Report)

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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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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