NorthRock Partners LLC Boosts Stock Position in United Rentals, Inc. $URI

NorthRock Partners LLC boosted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,085 shares of the construction company’s stock after purchasing an additional 18 shares during the quarter. NorthRock Partners LLC’s holdings in United Rentals were worth $817,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB raised its stake in United Rentals by 5.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company’s stock valued at $199,000 after purchasing an additional 13 shares during the period. Cooper Financial Group raised its stake in United Rentals by 1.6% during the 2nd quarter. Cooper Financial Group now owns 807 shares of the construction company’s stock valued at $608,000 after purchasing an additional 13 shares during the period. American Trust raised its stake in United Rentals by 1.1% during the 1st quarter. American Trust now owns 1,242 shares of the construction company’s stock valued at $778,000 after purchasing an additional 14 shares during the period. CX Institutional raised its stake in United Rentals by 2.5% during the 2nd quarter. CX Institutional now owns 585 shares of the construction company’s stock valued at $441,000 after purchasing an additional 14 shares during the period. Finally, Leavell Investment Management Inc. raised its stake in United Rentals by 3.6% during the 1st quarter. Leavell Investment Management Inc. now owns 515 shares of the construction company’s stock valued at $323,000 after purchasing an additional 18 shares during the period. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

NYSE URI opened at $1,000.47 on Wednesday. The company has a market cap of $64.37 billion, a P/E ratio of 25.87, a P/E/G ratio of 2.25 and a beta of 1.73. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. The business’s 50 day moving average price is $942.33 and its 200-day moving average price is $790.47. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,007.97.

United Rentals (NYSE:URI) last released its earnings results 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). The company had revenue of $3.94 billion for 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 revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. Sell-side analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on URI shares. KeyCorp lifted their target price on 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. JPMorgan Chase & Co. lifted their price objective on United Rentals from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Monday, September 22nd. BNP Paribas set a $900.00 price objective on United Rentals and gave the stock a “neutral” rating in a research note on Tuesday, September 16th. UBS Group lifted their price objective on United Rentals from $780.00 to $835.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Finally, Morgan Stanley lifted their price objective on United Rentals from $702.00 to $955.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, United Rentals currently has an average rating of “Moderate Buy” and a consensus target price of $956.13.

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.