Atlantic Edge Private Wealth Management LLC Raises Holdings in United Rentals, Inc. $URI

Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 1.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,379 shares of the construction company’s stock after acquiring an additional 43 shares during the period. Atlantic Edge Private Wealth Management LLC’s holdings in United Rentals were worth $2,546,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Nuveen LLC purchased a new stake in United Rentals in the first quarter valued at approximately $402,291,000. JPMorgan Chase & Co. boosted its position in United Rentals by 98.1% in the first quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company’s stock valued at $685,488,000 after buying an additional 541,579 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in United Rentals in the second quarter valued at approximately $152,069,000. The Manufacturers Life Insurance Company boosted its position in United Rentals by 28.8% in the first quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company’s stock valued at $532,561,000 after buying an additional 190,007 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in United Rentals by 22.3% in the first quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company’s stock valued at $414,406,000 after buying an additional 120,449 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Trading Up 2.0%

Shares of URI stock opened at $1,000.15 on Tuesday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80. The company has a market cap of $64.35 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 2.26 and a beta of 1.73. The stock has a 50 day simple moving average of $953.51 and a 200-day simple moving average of $802.61. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47.

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 the consensus estimate of $10.54 by ($0.07). The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. On average, equities research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend 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%.

Analyst Ratings Changes

URI has been the topic of a number of recent research reports. BNP Paribas set a $900.00 target price on United Rentals and gave the company a “neutral” rating in a research report on Tuesday, September 16th. Barclays dropped their target price on United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a research report on Monday. KeyCorp upped their target price on United Rentals from $1,075.00 to $1,120.00 and gave the company an “overweight” rating in a research report on Thursday, September 25th. Argus set a $935.00 price objective on United Rentals in a research report on Tuesday, August 12th. Finally, Robert W. Baird upgraded United Rentals from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $888.00 to $1,050.00 in a research report on Wednesday, October 1st. Two equities research 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $954.88.

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.