Davidson Capital Management Inc. Has $3.43 Million Stock Holdings in United Rentals, Inc. $URI

Davidson Capital Management Inc. boosted its stake in United Rentals, Inc. (NYSE:URI) by 2.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 4,547 shares of the construction company’s stock after buying an additional 130 shares during the period. United Rentals makes up 0.8% of Davidson Capital Management Inc.’s portfolio, making the stock its 28th largest holding. Davidson Capital Management Inc.’s holdings in United Rentals were worth $3,426,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. TruNorth Capital Management LLC boosted its stake in United Rentals by 1,266.7% in the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock valued at $26,000 after purchasing an additional 38 shares during the period. Flaharty Asset Management LLC bought a new position in United Rentals during the 1st quarter worth $30,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of United Rentals by 69.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock worth $31,000 after buying an additional 20 shares in the last quarter. Maseco LLP bought a new stake in shares of United Rentals in the second quarter valued at about $32,000. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of United Rentals in the second quarter valued at about $38,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

URI has been the subject of several analyst reports. Robert W. Baird upgraded shares of United Rentals from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $888.00 to $1,050.00 in a research note on Wednesday, October 1st. BNP Paribas Exane upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price target for the company in a research note on Tuesday, September 16th. UBS Group reissued a “neutral” rating and set a $1,025.00 price target on shares of United Rentals in a research report on Tuesday, October 28th. Sanford C. Bernstein set a $1,128.00 price objective on United Rentals and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Finally, Evercore ISI reissued an “outperform” rating on shares of United Rentals in a report on Tuesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and an average target price of $974.47.

United Rentals Price Performance

United Rentals stock opened at $855.17 on Tuesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $1,021.47. The stock has a market capitalization of $54.41 billion, a P/E ratio of 22.00, a price-to-earnings-growth ratio of 1.97 and a beta of 1.73. The stock has a fifty day moving average of $940.73 and a 200-day moving average of $835.80.

United Rentals (NYSE:URI) last issued 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 business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.16 billion. United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The firm’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $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 fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 12th. United Rentals’s payout ratio is presently 18.42%.

About United Rentals

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.