NewSquare Capital LLC Raises Position in United Rentals, Inc. $URI

NewSquare Capital LLC raised its stake in United Rentals, Inc. (NYSE:URI) by 385.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 102 shares of the construction company’s stock after purchasing an additional 81 shares during the quarter. NewSquare Capital LLC’s holdings in United Rentals were worth $77,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of URI. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of United Rentals during the second quarter valued at approximately $298,000. Roundview Capital LLC increased its position in shares of United Rentals by 9.2% during the second quarter. Roundview Capital LLC now owns 5,909 shares of the construction company’s stock valued at $4,452,000 after acquiring an additional 496 shares during the last quarter. Callahan Advisors LLC increased its position in shares of United Rentals by 2.3% during the second quarter. Callahan Advisors LLC now owns 11,584 shares of the construction company’s stock valued at $8,727,000 after acquiring an additional 264 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of United Rentals by 6.6% during the second quarter. Nisa Investment Advisors LLC now owns 20,362 shares of the construction company’s stock valued at $15,341,000 after acquiring an additional 1,263 shares during the last quarter. Finally, First Citizens Bank & Trust Co. increased its position in shares of United Rentals by 119.7% during the second quarter. First Citizens Bank & Trust Co. now owns 1,428 shares of the construction company’s stock valued at $1,076,000 after acquiring an additional 778 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Price Performance

Shares of NYSE URI opened at $852.40 on Wednesday. The stock has a fifty day simple moving average of $949.36 and a two-hundred day simple moving average of $828.71. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47. The firm has a market cap of $54.24 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 1.97 and a beta of 1.73. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 EPS for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same period in the previous year, the business earned $11.80 earnings per share. United Rentals’s revenue was up 5.9% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. Analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 12th. United Rentals’s dividend payout ratio (DPR) is presently 18.42%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on URI shares. Sanford C. Bernstein set a $1,128.00 price target on United Rentals and gave the company an “outperform” rating in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. increased their price target on United Rentals from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Monday, September 22nd. Evercore ISI reissued an “outperform” rating on shares of United Rentals in a report on Tuesday, August 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of United Rentals in a report on Wednesday, October 8th. Finally, UBS Group reissued a “neutral” rating and set a $1,025.00 price objective on shares of United Rentals in a report on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and a consensus price target of $974.47.

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.