Abacus Planning Group Inc. Buys 36 Shares of United Rentals, Inc. $URI

Abacus Planning Group Inc. increased its stake in shares of United Rentals, Inc. (NYSE:URI) by 10.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 376 shares of the construction company’s stock after purchasing an additional 36 shares during the quarter. Abacus Planning Group Inc.’s holdings in United Rentals were worth $283,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. TruNorth Capital Management LLC increased its position in United Rentals by 1,266.7% during 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. Fourth Dimension Wealth LLC bought a new position in United Rentals during the 1st quarter valued at about $26,000. Maseco LLP purchased a new stake in United Rentals in the 2nd quarter worth about $32,000. Flaharty Asset Management LLC purchased a new stake in United Rentals in the 1st quarter worth about $30,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of United Rentals by 69.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock valued at $31,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

URI opened at $982.25 on Friday. The company has a market capitalization of $63.20 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 2.26 and a beta of 1.73. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $997.50. The business’s fifty day simple moving average is $927.68 and its 200-day simple moving average is $772.81.

United Rentals (NYSE:URI) last released its quarterly earnings data 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 business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.90 billion. During the same period last year, the company earned $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 research analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently disclosed 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. The ex-dividend date was Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.7%. United Rentals’s dividend payout ratio (DPR) is currently 18.52%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. BNP Paribas Exane upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price target on the stock in a report on Tuesday, September 16th. Truist Financial lifted their target price on United Rentals from $786.00 to $952.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Barclays boosted their target price on shares of United Rentals from $565.00 to $620.00 and gave the company an “underweight” rating in a research note on Monday, July 21st. Redburn Atlantic cut shares of United Rentals from a “buy” rating to a “neutral” rating and set a $760.00 price target on the stock. in a report on Friday, June 13th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of United Rentals from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a report on Monday, September 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $941.00.

About United Rentals

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.