Equitable Trust Co. Buys Shares of 4,188 United Rentals, Inc. $URI

Equitable Trust Co. acquired a new stake in United Rentals, Inc. (NYSE:URI) in the second quarter, Holdings Channel.com reports. The fund acquired 4,188 shares of the construction company’s stock, valued at approximately $3,155,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Dynamic Advisor Solutions LLC purchased a new position in shares of United Rentals during the 1st quarter worth approximately $602,000. Roundview Capital LLC grew its holdings in United Rentals by 9.2% during the 2nd quarter. Roundview Capital LLC now owns 5,909 shares of the construction company’s stock valued at $4,452,000 after buying an additional 496 shares during the last quarter. Ascent Group LLC acquired a new stake in shares of United Rentals during the second quarter worth $221,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of United Rentals by 12.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,160 shares of the construction company’s stock worth $4,488,000 after purchasing an additional 789 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in United Rentals by 101.6% during the first quarter. Farther Finance Advisors LLC now owns 859 shares of the construction company’s stock worth $543,000 after acquiring an additional 433 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Trading Up 2.6%

United Rentals stock opened at $974.44 on Tuesday. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $1,004.92. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. The business has a 50 day moving average price of $939.68 and a two-hundred day moving average price of $789.00. The stock has a market cap of $62.70 billion, a price-to-earnings ratio of 25.20, a price-to-earnings-growth ratio of 2.19 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 (EPS) 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 company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.90 billion. During the same period in the previous year, the company posted $10.70 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, August 13th. United Rentals’s dividend payout ratio is currently 18.52%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on United Rentals from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a report on Monday, September 22nd. Morgan Stanley boosted their price objective on United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Sanford C. Bernstein set a $1,128.00 price target on United Rentals and gave the company an “outperform” rating in a report on Tuesday, September 23rd. BNP Paribas set a $900.00 price objective on United Rentals and gave the stock a “neutral” rating in a research note on Tuesday, September 16th. Finally, Bank of America lifted their target price on United Rentals from $895.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and a consensus target price of $956.13.

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.