404 Shares in United Rentals, Inc. $URI Acquired by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC acquired a new stake in United Rentals, Inc. (NYSE:URI) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 404 shares of the construction company’s stock, valued at approximately $304,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in URI. CreativeOne Wealth LLC grew its holdings in shares of United Rentals by 0.5% during the 2nd quarter. CreativeOne Wealth LLC now owns 2,283 shares of the construction company’s stock valued at $1,720,000 after acquiring an additional 11 shares in the last quarter. Bank of Jackson Hole Trust boosted its position in United Rentals by 12.0% during the second quarter. Bank of Jackson Hole Trust now owns 112 shares of the construction company’s stock valued at $84,000 after purchasing an additional 12 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in United Rentals by 5.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company’s stock valued at $199,000 after purchasing an additional 13 shares in the last quarter. Cooper Financial Group increased its position in United Rentals by 1.6% in the 2nd quarter. Cooper Financial Group now owns 807 shares of the construction company’s stock worth $608,000 after purchasing an additional 13 shares during the last quarter. Finally, American Trust raised its stake in shares of United Rentals by 1.1% during the 1st quarter. American Trust now owns 1,242 shares of the construction company’s stock worth $778,000 after purchasing an additional 14 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on URI. BNP Paribas set a $900.00 price target on United Rentals and gave the company a “neutral” rating in a research note on Tuesday, September 16th. Evercore ISI reiterated an “outperform” rating on shares of United Rentals in a research note on Tuesday, August 19th. KeyCorp reissued an “overweight” rating on shares of United Rentals in a research report on Friday, October 24th. Citigroup restated a “buy” rating on shares of United Rentals in a research note on Thursday, October 23rd. Finally, UBS Group reaffirmed a “neutral” rating and issued a $1,025.00 price objective on shares of United Rentals in a research note on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $975.61.

United Rentals Price Performance

Shares of United Rentals stock opened at $814.91 on Thursday. 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 firm has a fifty day simple moving average of $907.99 and a 200-day simple moving average of $848.58. The stock has a market capitalization of $51.85 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 1.97 and a beta of 1.73. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47.

United Rentals (NYSE:URI) last announced its 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). The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.16 billion. United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The business’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business earned $11.80 EPS. United Rentals has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were paid a $1.79 dividend. The ex-dividend date was Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.9%. United Rentals’s payout ratio is presently 18.42%.

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.