10,594 Shares in United Rentals, Inc. $URI Acquired by Nordwand Advisors LLC

Nordwand Advisors LLC acquired a new stake in shares of United Rentals, Inc. (NYSE:URI) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,594 shares of the construction company’s stock, valued at approximately $7,982,000. United Rentals accounts for 1.3% of Nordwand Advisors LLC’s portfolio, making the stock its 18th largest holding.

Other large investors have also made changes to their positions in the company. Bank of Jackson Hole Trust raised its holdings in shares of United Rentals by 12.0% during the second quarter. Bank of Jackson Hole Trust now owns 112 shares of the construction company’s stock worth $84,000 after purchasing an additional 12 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in United Rentals by 5.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company’s stock worth $199,000 after purchasing an additional 13 shares during the period. Cooper Financial Group grew its position in United Rentals by 1.6% during 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 period. 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 valued at $778,000 after buying an additional 14 shares during the last quarter. Finally, CX Institutional lifted its holdings in shares of United Rentals by 2.5% in the 2nd quarter. CX Institutional now owns 585 shares of the construction company’s stock valued at $441,000 after buying an additional 14 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Trading Down 3.2%

Shares of URI stock opened at $806.99 on Tuesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84. The company has a market cap of $51.35 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 1.97 and a beta of 1.73. The stock has a 50 day simple moving average of $928.42 and a 200-day simple moving average of $843.08. 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 released its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.16 billion. United Rentals had a net margin of 15.83% and a return on equity of 31.30%. United Rentals’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $11.80 EPS. United Rentals has set its FY 2025 guidance at EPS. On average, equities research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, November 12th. United Rentals’s dividend payout ratio is 18.42%.

Analysts Set New Price Targets

Several research firms recently commented on URI. Wells Fargo & Company initiated coverage on United Rentals in a report on Thursday. They set an “overweight” rating and a $995.00 target price on the stock. BNP Paribas set a $900.00 price target on United Rentals and gave the company a “neutral” rating in a report on Tuesday, September 16th. Truist Financial set a $1,169.00 price objective on shares of United Rentals in a research note on Friday, October 24th. Barclays cut their target price on shares of United Rentals from $620.00 to $600.00 and set an “underweight” rating for the company in a report on Monday, October 20th. Finally, Argus set a $935.00 target price on shares of United Rentals in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $975.61.

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.