Envestnet Asset Management Inc. Increases Holdings in United Rentals, Inc. $URI

Envestnet Asset Management Inc. boosted its position in shares of United Rentals, Inc. (NYSE:URI) by 8.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 158,126 shares of the construction company’s stock after purchasing an additional 12,910 shares during the quarter. Envestnet Asset Management Inc. owned about 0.25% of United Rentals worth $119,132,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Roundview Capital LLC increased its stake in shares of United Rentals by 9.2% during the second quarter. Roundview Capital LLC now owns 5,909 shares of the construction company’s stock valued at $4,452,000 after buying an additional 496 shares during the period. Callahan Advisors LLC grew its holdings in United Rentals by 2.3% during the 2nd quarter. Callahan Advisors LLC now owns 11,584 shares of the construction company’s stock worth $8,727,000 after acquiring an additional 264 shares in the last quarter. First Citizens Bank & Trust Co. increased its position in United Rentals by 119.7% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 1,428 shares of the construction company’s stock valued at $1,076,000 after purchasing an additional 778 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of United Rentals by 6.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 20,362 shares of the construction company’s stock valued at $15,341,000 after purchasing an additional 1,263 shares in the last quarter. Finally, Phoenix Financial Ltd. purchased a new stake in shares of United Rentals in the 2nd quarter worth approximately $1,366,000. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Down 2.6%

NYSE:URI opened at $877.20 on Wednesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84. The company’s fifty day moving average price is $955.20 and its 200-day moving average price is $817.52. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47. The firm has a market capitalization of $55.82 billion, a P/E ratio of 22.56, a PEG ratio of 2.03 and a beta of 1.73.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing the consensus estimate of $12.43 by ($0.73). The company had revenue of $4.23 billion for 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 for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $11.80 earnings per share. United Rentals has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. United Rentals’s payout ratio is presently 18.42%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on URI shares. Argus set a $935.00 price objective on shares of United Rentals in a research note on Tuesday, August 12th. Citigroup reiterated a “buy” rating on shares of United Rentals in a report on Thursday, October 23rd. Sanford C. Bernstein set a $1,128.00 price objective on United Rentals and gave the stock an “outperform” rating in a research note on Tuesday, September 23rd. JPMorgan Chase & Co. raised their price objective on United Rentals from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Monday, September 22nd. Finally, Evercore ISI reiterated an “outperform” rating on shares of United Rentals in a report on Tuesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $974.47.

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.