Cottonwood Capital Advisors LLC Acquires New Position in United Rentals, Inc. $URI

Cottonwood Capital Advisors LLC acquired a new stake in United Rentals, Inc. (NYSE:URI) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 308 shares of the construction company’s stock, valued at approximately $232,000.

Several other large investors have also bought and sold shares of URI. Foster & Motley Inc. grew its position in shares of United Rentals by 18.1% during the 2nd quarter. Foster & Motley Inc. now owns 10,273 shares of the construction company’s stock worth $7,740,000 after buying an additional 1,574 shares during the period. Chevy Chase Trust Holdings LLC grew its position in shares of United Rentals by 0.6% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 34,645 shares of the construction company’s stock worth $26,102,000 after buying an additional 203 shares during the period. Arista Wealth Management LLC acquired a new position in shares of United Rentals during the 2nd quarter worth about $1,489,000. Stratos Wealth Advisors LLC raised its holdings in United Rentals by 13.2% in the second quarter. Stratos Wealth Advisors LLC now owns 774 shares of the construction company’s stock worth $583,000 after purchasing an additional 90 shares during the period. Finally, Applied Finance Capital Management LLC raised its holdings in United Rentals by 13.7% in the second quarter. Applied Finance Capital Management LLC now owns 30,417 shares of the construction company’s stock worth $22,916,000 after purchasing an additional 3,663 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

URI has been the topic of several analyst reports. Citigroup increased their target price on shares of United Rentals from $1,000.00 to $1,080.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. UBS Group increased their target price on shares of United Rentals from $780.00 to $835.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Robert W. Baird upgraded shares of United Rentals from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $888.00 to $1,050.00 in a report on Wednesday, October 1st. BNP Paribas set a $900.00 target price on shares of United Rentals and gave the stock a “neutral” rating in a report on Tuesday, September 16th. Finally, Barclays increased their target price on shares of United Rentals from $565.00 to $620.00 and gave the stock an “underweight” rating in a report on Monday, July 21st. 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $956.13.

United Rentals Stock Down 2.6%

Shares of URI stock opened at $979.96 on Friday. The firm has a fifty day moving average of $950.90 and a 200-day moving average of $797.07. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $1,021.47. The company has a market capitalization of $63.05 billion, a price-to-earnings ratio of 25.34, a P/E/G ratio of 2.32 and a beta of 1.73.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) 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 company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same period in the prior year, the company earned $10.70 EPS. The firm’s revenue was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. As a group, equities research analysts predict 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 $1.79 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a yield of 0.7%. United Rentals’s dividend payout ratio (DPR) is 18.52%.

United Rentals 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.