Exencial Wealth Advisors LLC Purchases New Position in United Rentals, Inc. $URI

Exencial Wealth Advisors LLC purchased a new stake in shares of United Rentals, Inc. (NYSE:URI) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 318 shares of the construction company’s stock, valued at approximately $240,000.

Other institutional investors also recently bought and sold shares of the company. Roundview Capital LLC raised its position in United Rentals by 9.2% during the second quarter. Roundview Capital LLC now owns 5,909 shares of the construction company’s stock valued at $4,452,000 after acquiring an additional 496 shares in the last quarter. Callahan Advisors LLC raised its position in United Rentals by 2.3% during the second quarter. Callahan Advisors LLC now owns 11,584 shares of the construction company’s stock valued at $8,727,000 after acquiring an additional 264 shares in the last quarter. Ascent Group LLC purchased a new stake in shares of United Rentals in the second quarter valued at approximately $221,000. Equitable Trust Co. purchased a new stake in shares of United Rentals in the second quarter valued at approximately $3,155,000. Finally, Phoenix Financial Ltd. purchased a new stake in shares of United Rentals in the second quarter valued at approximately $1,366,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Stock Performance

Shares of NYSE:URI opened at $914.17 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.80. The business’s 50 day moving average price is $956.27 and its 200-day moving average price is $810.23. The firm has a market capitalization of $58.17 billion, a PE ratio of 23.51, a P/E/G ratio of 2.11 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 issued 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 firm had revenue of $4.23 billion during 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 business’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $11.80 earnings per share. United Rentals has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

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 issued a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, November 12th. United Rentals’s dividend payout ratio is presently 18.52%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Baird R W upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. BNP Paribas set a $900.00 price objective on United Rentals and gave the company a “neutral” rating in a research report on Tuesday, September 16th. Robert W. Baird upgraded United Rentals from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $888.00 to $1,050.00 in a research report on Wednesday, October 1st. Argus set a $935.00 price objective on United Rentals in a research report on Tuesday, August 12th. Finally, UBS Group boosted their price objective on United Rentals from $780.00 to $835.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $963.29.

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.