One Wealth Advisors LLC Boosts Stock Holdings in United Rentals, Inc. $URI

One Wealth Advisors LLC grew its position in United Rentals, Inc. (NYSE:URI) by 63.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,794 shares of the construction company’s stock after acquiring an additional 694 shares during the quarter. One Wealth Advisors LLC’s holdings in United Rentals were worth $1,352,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. TruNorth Capital Management LLC lifted its holdings 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 in the last quarter. Fourth Dimension Wealth LLC acquired a new stake in shares of United Rentals in the first quarter valued at about $26,000. Maseco LLP acquired a new stake in shares of United Rentals in the second quarter valued at about $32,000. Flaharty Asset Management LLC purchased a new position in shares of United Rentals in the first quarter worth about $30,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in 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 acquiring an additional 20 shares during the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Price Performance

United Rentals stock opened at $942.86 on Tuesday. The company’s 50 day simple moving average is $917.28 and its 200-day simple moving average is $765.10. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $980.53. The company has a market capitalization of $60.66 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 2.19 and a beta of 1.72.

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 analysts’ consensus estimates of $10.54 by ($0.07). The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the business posted $10.70 EPS. 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 year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were issued a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Wednesday, August 13th. United Rentals’s payout ratio is currently 18.52%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on URI shares. Citigroup increased their price objective on shares of United Rentals from $1,000.00 to $1,080.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. BNP Paribas Exane raised United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price target for the company in a report on Tuesday, September 16th. BNP Paribas set a $900.00 price objective on United Rentals and gave the stock a “neutral” rating in a research report on Tuesday, September 16th. Bank of America upped their target price on United Rentals from $895.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Finally, Redburn Atlantic lowered United Rentals from a “buy” rating to a “neutral” rating and set a $760.00 price target on the stock. in a report on Friday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and an average target price of $911.06.

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.