Drive Wealth Management LLC Makes New Investment in United Rentals, Inc. $URI

Drive Wealth Management LLC acquired a new stake in United Rentals, Inc. (NYSE:URI) in the second quarter, HoldingsChannel.com reports. The firm acquired 299 shares of the construction company’s stock, valued at approximately $225,000.

Other large investors have also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC acquired a new position in shares of United Rentals during the 1st quarter valued at about $26,000. TruNorth Capital Management LLC increased its position in United Rentals by 1,266.7% during the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock worth $26,000 after purchasing an additional 38 shares during the last quarter. Flaharty Asset Management LLC purchased a new position in United Rentals during the first quarter worth approximately $30,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of United Rentals by 69.0% in the 1st 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. Finally, Maseco LLP purchased a new stake in shares of United Rentals during the 2nd quarter valued at $32,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Stock Up 2.0%

Shares of NYSE:URI opened at $1,000.15 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $1,021.47. The company has a 50 day moving average of $953.51 and a two-hundred day moving average of $802.61. The company has a market capitalization of $64.35 billion, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 2.26 and a beta of 1.73.

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

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were paid a $1.79 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $7.16 annualized dividend and a dividend yield of 0.7%. United Rentals’s payout ratio is 18.52%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on URI shares. KeyCorp increased their target price on United Rentals from $1,075.00 to $1,120.00 and gave the stock an “overweight” rating in a research report on Thursday, September 25th. Robert W. Baird upgraded United Rentals from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $888.00 to $1,050.00 in a report on Wednesday, October 1st. Truist Financial boosted their target price on United Rentals from $952.00 to $1,194.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. BNP Paribas set a $900.00 target price on shares of United Rentals and gave the stock a “neutral” rating in a research report on Tuesday, September 16th. Finally, Sanford C. Bernstein set a $1,128.00 price target on shares of United Rentals and gave the company an “outperform” rating in a research report on Tuesday, September 23rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, United Rentals has an average rating of “Moderate Buy” and a consensus target price of $954.88.

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.