Arkadios Wealth Advisors Raises Stock Position in United Rentals, Inc. $URI

Arkadios Wealth Advisors grew its holdings in United Rentals, Inc. (NYSE:URI) by 4.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,082 shares of the construction company’s stock after acquiring an additional 239 shares during the period. Arkadios Wealth Advisors’ holdings in United Rentals were worth $4,582,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. TruNorth Capital Management LLC raised its stake 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 acquiring an additional 38 shares during the period. Flaharty Asset Management LLC purchased a new position in shares of United Rentals in the 1st quarter valued at $30,000. Migdal Insurance & Financial Holdings Ltd. raised its stake 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 acquiring an additional 20 shares during the period. Maseco LLP purchased a new position in shares of United Rentals in the 2nd quarter valued at $32,000. Finally, Trust Co. of Toledo NA OH purchased a new position in shares of United Rentals in the 2nd quarter valued at $38,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on URI. Bank of America raised their price target on shares of United Rentals from $895.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Citigroup reaffirmed a “buy” rating on shares of United Rentals in a report on Thursday, October 23rd. Baird R W raised shares of United Rentals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. KeyCorp reaffirmed an “overweight” rating on shares of United Rentals in a report on Friday, October 24th. Finally, Argus set a $935.00 price target on shares of United Rentals in a report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $974.47.

United Rentals Price Performance

Shares of URI stock opened at $871.33 on Thursday. The firm has a market cap of $55.44 billion, a P/E ratio of 22.41, a P/E/G ratio of 1.98 and a beta of 1.73. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47. The firm has a fifty day moving average of $954.60 and a two-hundred day moving average of $819.55.

United Rentals (NYSE:URI) last announced its quarterly earnings data 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 was up 5.9% on a year-over-year basis. During the same period in the prior year, the business earned $11.80 earnings per share. United Rentals has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed 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 of this dividend is Wednesday, November 12th. United Rentals’s dividend payout ratio (DPR) is currently 18.42%.

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.