Resonant Capital Advisors LLC Raises Stake in United Rentals, Inc. $URI

Resonant Capital Advisors LLC increased its stake in United Rentals, Inc. (NYSE:URI) by 26.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 591 shares of the construction company’s stock after buying an additional 125 shares during the quarter. Resonant Capital Advisors LLC’s holdings in United Rentals were worth $445,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in URI. TruNorth Capital Management LLC boosted its stake in United Rentals by 1,266.7% in 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. Flaharty Asset Management LLC purchased a new position in United Rentals in the first quarter valued at approximately $30,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in United Rentals by 69.0% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock valued at $31,000 after purchasing an additional 20 shares during the last quarter. Maseco LLP purchased a new position in shares of United Rentals during the 2nd quarter valued at $32,000. Finally, Trust Co. of Toledo NA OH purchased a new position in shares of United Rentals during the 2nd quarter valued at $38,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

URI has been the topic of a number of recent research reports. BNP Paribas Exane raised United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price target on the stock in a research report on Tuesday, September 16th. Truist Financial set a $1,169.00 price objective on shares of United Rentals in a report on Friday. UBS Group upped their price target on shares of United Rentals from $780.00 to $835.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Citigroup restated a “buy” rating on shares of United Rentals in a research note on Thursday. Finally, Argus set a $935.00 target price on United Rentals in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, United Rentals has a consensus rating of “Moderate Buy” and a consensus price target of $963.29.

United Rentals Trading Down 0.0%

Shares of United Rentals stock opened at $914.17 on Monday. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $1,021.47. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40. The company has a market cap of $58.17 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 2.05 and a beta of 1.73. The company’s 50-day moving average price is $956.27 and its 200-day moving average price is $813.43.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share (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 during the quarter, compared to analysts’ expectations of $4.16 billion. During the same quarter in the prior year, the company earned $11.80 earnings per share. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. On average, equities analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

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

United Rentals 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.