Wilmington Savings Fund Society FSB Has $2.13 Million Position in United Rentals, Inc. $URI

Wilmington Savings Fund Society FSB boosted its stake in United Rentals, Inc. (NYSE:URI) by 3.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,822 shares of the construction company’s stock after acquiring an additional 102 shares during the period. Wilmington Savings Fund Society FSB’s holdings in United Rentals were worth $2,126,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in URI. Fourth Dimension Wealth LLC bought a new stake in United Rentals in the first quarter valued at approximately $26,000. TruNorth Capital Management LLC boosted its holdings in United Rentals by 1,266.7% in the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock valued at $26,000 after acquiring an additional 38 shares during the last quarter. Flaharty Asset Management LLC bought a new stake in United Rentals in the first quarter valued at approximately $30,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in United Rentals by 69.0% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock valued at $31,000 after acquiring an additional 20 shares during the last quarter. Finally, Maseco LLP bought a new stake in United Rentals in the second quarter valued at approximately $32,000. 96.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on URI shares. Baird R W upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Barclays increased their price target on United Rentals from $565.00 to $620.00 and gave the stock an “underweight” rating in a report on Monday, July 21st. Evercore ISI restated an “outperform” rating on shares of United Rentals in a report on Tuesday, August 19th. JPMorgan Chase & Co. increased their price target on United Rentals from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Monday, September 22nd. Finally, Citigroup increased their price target on United Rentals from $1,000.00 to $1,080.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, United Rentals has a consensus rating of “Moderate Buy” and a consensus price target of $956.13.

United Rentals Price Performance

Shares of NYSE:URI opened at $1,019.62 on Thursday. 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, Inc. has a twelve month low of $525.91 and a twelve month high of $1,021.36. The stock’s 50 day moving average is $945.47 and its 200-day moving average is $792.05. The firm has a market capitalization of $65.60 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 2.31 and a beta of 1.73.

United Rentals (NYSE:URI) last issued 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). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same period in the previous year, the company earned $10.70 earnings per share. United Rentals’s revenue for the quarter was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. Sell-side analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced 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. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals’s dividend payout ratio is presently 18.52%.

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.