Forum Financial Management LP Purchases 39 Shares of United Rentals, Inc. $URI

Forum Financial Management LP grew its position in shares of United Rentals, Inc. (NYSE:URI) by 5.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 810 shares of the construction company’s stock after purchasing an additional 39 shares during the quarter. Forum Financial Management LP’s holdings in United Rentals were worth $610,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Ethic Inc. boosted its stake in shares of United Rentals by 7.9% during the second quarter. Ethic Inc. now owns 6,274 shares of the construction company’s stock valued at $4,722,000 after purchasing an additional 457 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in shares of United Rentals by 2.9% during the second quarter. Rehmann Capital Advisory Group now owns 563 shares of the construction company’s stock valued at $424,000 after purchasing an additional 16 shares in the last quarter. Steel Grove Capital Advisors LLC boosted its stake in shares of United Rentals by 4.8% during the second quarter. Steel Grove Capital Advisors LLC now owns 677 shares of the construction company’s stock valued at $510,000 after purchasing an additional 31 shares in the last quarter. Patten Group Inc. acquired a new stake in shares of United Rentals during the second quarter valued at about $951,000. Finally, Exencial Wealth Advisors LLC acquired a new stake in shares of United Rentals during the second quarter valued at about $240,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on URI. KeyCorp reissued an “overweight” rating on shares of United Rentals in a research note on Friday. UBS Group lifted their price target on United Rentals from $780.00 to $835.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. BNP Paribas Exane raised United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price target on the stock in a research note on Tuesday, September 16th. Argus set a $935.00 price objective on United Rentals in a research note on Tuesday, August 12th. Finally, Royal Bank Of Canada set a $1,123.00 price objective on United Rentals in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $963.29.

United Rentals Price Performance

United Rentals stock opened at $914.17 on Friday. The stock’s 50 day moving average is $956.27 and its 200 day moving average is $810.23. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.80. The firm has a market cap of $58.17 billion, a P/E ratio of 23.51, a P/E/G ratio of 2.11 and a beta of 1.73. United Rentals, Inc. has a one year low of $525.91 and a one year high of $1,021.47.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 EPS for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.16 billion. United Rentals had a return on equity of 31.30% and a net margin of 15.83%.United Rentals’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $11.80 earnings per share. United Rentals has set its FY 2025 guidance at EPS. As a group, research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, November 12th. United Rentals’s payout ratio is presently 18.52%.

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.