RFG Advisory LLC Has $1.33 Million Holdings in United Rentals, Inc. $URI

RFG Advisory LLC lessened its position in shares of United Rentals, Inc. (NYSE:URI) by 3.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,767 shares of the construction company’s stock after selling 69 shares during the quarter. RFG Advisory LLC’s holdings in United Rentals were worth $1,332,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Fourth Dimension Wealth LLC acquired a new stake in shares of United Rentals during the 1st quarter worth approximately $26,000. TruNorth Capital Management LLC grew its holdings in shares of United Rentals by 1,266.7% during the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock worth $26,000 after purchasing an additional 38 shares in the last quarter. Flaharty Asset Management LLC acquired a new stake in shares of United Rentals during the 1st quarter worth approximately $30,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of United Rentals by 69.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock worth $31,000 after purchasing an additional 20 shares in the last quarter. Finally, Maseco LLP acquired a new stake in United Rentals in the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on URI. Bank of America boosted their price target on United Rentals from $895.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Baird R W raised United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Sanford C. Bernstein set a $1,128.00 price target on United Rentals and gave the company an “outperform” rating in a research note on Tuesday, September 23rd. KeyCorp boosted their price target on United Rentals from $1,075.00 to $1,120.00 and gave the company an “overweight” rating in a research note on Thursday, September 25th. Finally, Barclays boosted their price target on United Rentals from $565.00 to $620.00 and gave the company an “underweight” rating in a research note on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $956.13.

United Rentals Trading Down 1.4%

Shares of URI opened at $1,005.61 on Friday. The stock has a fifty day moving average price of $948.48 and a two-hundred day moving average price of $794.67. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $1,021.47. The company has a market cap of $64.70 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 2.35 and a beta of 1.73.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.54 by ($0.07). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the previous year, the firm posted $10.70 EPS. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. Analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were given 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 payout ratio is presently 18.52%.

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.