Values First Advisors Inc. Increases Stake in United Rentals, Inc. $URI

Values First Advisors Inc. raised its holdings in shares of United Rentals, Inc. (NYSE:URI) by 63.4% in the second quarter, Holdings Channel reports. The institutional investor owned 1,018 shares of the construction company’s stock after acquiring an additional 395 shares during the period. Values First Advisors Inc.’s holdings in United Rentals were worth $767,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in URI. TruNorth Capital Management LLC boosted its position in shares of United Rentals by 1,266.7% in the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock worth $26,000 after purchasing an additional 38 shares during the period. Fourth Dimension Wealth LLC bought a new position in shares of United Rentals in the first quarter worth approximately $26,000. Maseco LLP bought a new position in shares of United Rentals in the second quarter worth approximately $32,000. Flaharty Asset Management LLC bought a new position in shares of United Rentals in the first quarter worth approximately $30,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of United Rentals by 69.0% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock worth $31,000 after purchasing an additional 20 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Stock Performance

URI opened at $1,005.61 on Friday. The stock has a market capitalization of $64.70 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 2.35 and a beta of 1.73. The company has a fifty day moving average of $948.48 and a 200 day moving average of $794.67. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,021.47. 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 (NYSE:URI) last posted 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 analysts’ expectations 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 was up 4.5% on a year-over-year basis. During the same period in the previous year, the business posted $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders 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 yield of 0.7%. United Rentals’s dividend payout ratio (DPR) is 18.52%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on URI shares. Argus set a $935.00 price target on shares of United Rentals in a research report on Tuesday, August 12th. Evercore ISI reiterated an “outperform” rating on shares of United Rentals in a research report on Tuesday, August 19th. Truist Financial upped their price target on shares of United Rentals from $952.00 to $1,194.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. BNP Paribas Exane upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price target for the company in a research report on Tuesday, September 16th. Finally, BNP Paribas set a $900.00 target price on shares of United Rentals and gave the company a “neutral” rating in a research note on Tuesday, September 16th. Two 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 given a Sell rating to the company. Based on data from MarketBeat, United Rentals currently has an average rating of “Moderate Buy” and an average price target 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.