United Rentals, Inc. $URI Shares Bought by Independent Solutions Wealth Management LLC

Independent Solutions Wealth Management LLC grew its position in shares of United Rentals, Inc. (NYSE:URI) by 4.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,932 shares of the construction company’s stock after purchasing an additional 121 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in United Rentals were worth $2,209,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of URI. NBC Securities Inc. acquired a new position in shares of United Rentals in the 1st quarter valued at about $40,000. Procyon Advisors LLC increased its holdings in shares of United Rentals by 12.3% during the 1st quarter. Procyon Advisors LLC now owns 857 shares of the construction company’s stock worth $537,000 after purchasing an additional 94 shares during the period. Patriot Financial Group Insurance Agency LLC raised its stake in shares of United Rentals by 13.1% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 913 shares of the construction company’s stock valued at $572,000 after buying an additional 106 shares in the last quarter. OLD National Bancorp IN grew its position in United Rentals by 3.2% in the first quarter. OLD National Bancorp IN now owns 839 shares of the construction company’s stock valued at $526,000 after acquiring an additional 26 shares during the period. Finally, Park Avenue Securities LLC raised its position in United Rentals by 5.1% in the 1st quarter. Park Avenue Securities LLC now owns 1,818 shares of the construction company’s stock valued at $1,139,000 after purchasing an additional 88 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 0.6%

NYSE:URI opened at $986.21 on Tuesday. The firm has a market capitalization of $63.45 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 2.27 and a beta of 1.73. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. The stock’s 50 day moving average price is $929.39 and its two-hundred day moving average price is $777.32. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $997.50.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing the consensus estimate of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the previous year, the business earned $10.70 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given a dividend of $1.79 per share. 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 dividend payout ratio is presently 18.52%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Truist Financial lifted their target price on shares of United Rentals from $786.00 to $952.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Argus set a $935.00 price target on United Rentals in a research note on Tuesday, August 12th. Sanford C. Bernstein set a $1,128.00 target price on United Rentals and gave the company an “outperform” rating in a research note on Tuesday, September 23rd. UBS Group lifted their price target on shares of United Rentals from $780.00 to $835.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Finally, Bank of America increased their price objective on shares of United Rentals from $895.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $941.00.

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.