Turtle Creek Wealth Advisors LLC Makes New Investment in United Rentals, Inc. $URI

Turtle Creek Wealth Advisors LLC bought a new position in shares of United Rentals, Inc. (NYSE:URI) in the second quarter, Holdings Channel reports. The firm bought 280 shares of the construction company’s stock, valued at approximately $211,000.

A number of other institutional investors have also recently bought and sold shares of the business. TruNorth Capital Management LLC grew its holdings in shares of 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 buying an additional 38 shares during the period. Fourth Dimension Wealth LLC acquired a new position in shares of United Rentals in the 1st quarter valued at $26,000. Maseco LLP acquired a new position in shares of United Rentals in the 2nd quarter valued at $32,000. Flaharty Asset Management LLC acquired a new position in shares of United Rentals in the 1st quarter valued at $30,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of United Rentals by 69.0% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock valued at $31,000 after buying an additional 20 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of NYSE URI opened at $979.96 on Friday. The firm has a market cap of $63.05 billion, a PE ratio of 25.34, a PEG ratio of 2.32 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, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47. The company has a fifty day moving average price of $950.90 and a 200 day moving average price of $797.07.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 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 business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same period last year, the firm earned $10.70 earnings per share. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. 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 declared 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 of this dividend was Wednesday, August 13th. This represents a $7.16 annualized dividend and a yield of 0.7%. United Rentals’s payout ratio is 18.52%.

Analyst Ratings Changes

URI has been the subject of several research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of United Rentals in a report on Wednesday, October 8th. Sanford C. Bernstein set a $1,128.00 price target on shares of United Rentals and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Robert W. Baird raised shares of United Rentals from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $888.00 to $1,050.00 in a report on Wednesday, October 1st. Bank of America upped their target price on shares of United Rentals from $895.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Finally, Baird R W raised shares of United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $956.13.

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.