MBM Wealth Consultants LLC Boosts Stake in United Rentals, Inc. $URI

MBM Wealth Consultants LLC increased its holdings in United Rentals, Inc. (NYSE:URI) by 11.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,534 shares of the construction company’s stock after purchasing an additional 258 shares during the quarter. United Rentals accounts for about 0.5% of MBM Wealth Consultants LLC’s holdings, making the stock its 29th largest holding. MBM Wealth Consultants LLC’s holdings in United Rentals were worth $1,909,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Loomis Sayles & Co. L P acquired a new stake in United Rentals in the 2nd quarter valued at $28,000. Flaharty Asset Management LLC acquired a new stake in shares of United Rentals in the first quarter valued at about $30,000. Maseco LLP acquired a new stake in shares of United Rentals in the second quarter valued at about $32,000. Trust Co. of Toledo NA OH purchased a new stake in shares of United Rentals during the second quarter worth about $38,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in shares of United Rentals by 560.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 66 shares of the construction company’s stock worth $41,000 after purchasing an additional 56 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Up 0.1%

United Rentals stock opened at $815.43 on Monday. The company has a market capitalization of $51.89 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 1.97 and a beta of 1.73. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,021.47. The firm has a 50 day moving average price of $902.91 and a 200 day moving average price of $850.90.

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

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were given a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, November 12th. United Rentals’s payout ratio is currently 18.42%.

Analyst Upgrades and Downgrades

URI has been the subject of several recent research reports. UBS Group reissued a “neutral” rating and issued a $1,025.00 price objective on shares of United Rentals in a research note on Tuesday, October 28th. Citigroup reiterated a “buy” rating on shares of United Rentals in a report on Thursday, October 23rd. BNP Paribas set a $900.00 price target on shares of United Rentals and gave the stock a “neutral” rating in a report on Tuesday, September 16th. Evercore ISI reiterated an “outperform” rating on shares of United Rentals in a report on Tuesday, August 19th. Finally, KeyCorp reiterated an “overweight” rating on shares of United Rentals in a research report on Friday, October 24th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $975.61.

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.