Human Investing LLC Invests $234,000 in United Rentals, Inc. $URI

Human Investing LLC purchased a new position in United Rentals, Inc. (NYSE:URI) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 311 shares of the construction company’s stock, valued at approximately $234,000.

Other hedge funds have also made changes to their positions in the company. TruNorth Capital Management LLC lifted 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 in the last quarter. Maseco LLP purchased a new stake in shares of United Rentals in the second quarter worth approximately $32,000. Flaharty Asset Management LLC purchased a new stake in shares of United Rentals in the first quarter worth approximately $30,000. Migdal Insurance & Financial Holdings Ltd. lifted 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 in the last quarter. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of United Rentals in the second quarter worth approximately $38,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on URI shares. Barclays cut their price objective on shares of United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a research report on Monday, October 20th. UBS Group reiterated a “neutral” rating and issued a $1,025.00 target price on shares of United Rentals in a research note on Tuesday. Baird R W upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. BNP Paribas Exane upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 target price for the company in a research note on Tuesday, September 16th. Finally, JPMorgan Chase & Co. lifted their target price on shares of United Rentals from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $974.47.

United Rentals Trading Down 2.6%

Shares of URI stock opened at $877.20 on Wednesday. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $1,021.47. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.40. The business’s 50 day moving average is $955.20 and its two-hundred day moving average is $817.52. The company has a market cap of $55.82 billion, a PE ratio of 22.56, a price-to-earnings-growth 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 EPS for the quarter, missing the consensus estimate of $12.43 by ($0.73). United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same quarter last year, the business earned $11.80 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. Equities analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

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 dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, November 12th. United Rentals’s dividend payout ratio (DPR) is 18.42%.

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.