United Rentals (NYSE:URI) Hits New 12-Month High – What’s Next?

United Rentals, Inc. (NYSE:URI) shares reached a new 52-week high on Friday . The stock traded as high as $985.00 and last traded at $988.37, with a volume of 20959 shares. The stock had previously closed at $978.22.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of United Rentals in a research note on Saturday, September 27th. KeyCorp boosted their target price on shares of United Rentals from $1,075.00 to $1,120.00 and gave the company an “overweight” rating in a research note on Thursday, September 25th. Redburn Atlantic lowered shares of United Rentals from a “buy” rating to a “neutral” rating and set a $760.00 target price for the company. in a research note on Friday, June 13th. Baird R W upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Robert W. Baird upgraded shares of United Rentals from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $888.00 to $1,050.00 in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $941.00.

United Rentals Stock Up 0.4%

The stock’s 50-day moving average is $927.68 and its 200-day moving average is $773.82. The stock has a market cap of $63.20 billion, a P/E ratio of 25.40, a price-to-earnings-growth ratio of 2.27 and a beta of 1.73. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.54 by ($0.07). The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. As a group, research analysts anticipate 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 was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, August 13th. United Rentals’s dividend payout ratio is currently 18.52%.

Hedge Funds Weigh In On United Rentals

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Elevation Point Wealth Partners LLC boosted its position in shares of United Rentals by 32.9% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 2,220 shares of the construction company’s stock valued at $1,391,000 after purchasing an additional 550 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new position in shares of United Rentals during the 1st quarter valued at about $602,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of United Rentals by 12.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,160 shares of the construction company’s stock valued at $4,488,000 after purchasing an additional 789 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of United Rentals by 101.6% during the 1st quarter. Farther Finance Advisors LLC now owns 859 shares of the construction company’s stock valued at $543,000 after purchasing an additional 433 shares in the last quarter. Finally, Brookwood Investment Group LLC bought a new position in shares of United Rentals during the 1st quarter valued at about $2,966,000. Institutional investors own 96.26% of the company’s stock.

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.