Mission Wealth Management LP Acquires 200 Shares of United Rentals, Inc. $URI

Mission Wealth Management LP raised its holdings in shares of United Rentals, Inc. (NYSE:URI) by 1.8% in the 2nd quarter, Holdings Channel reports. The firm owned 11,441 shares of the construction company’s stock after purchasing an additional 200 shares during the quarter. Mission Wealth Management LP’s holdings in United Rentals were worth $8,619,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in URI. TruNorth Capital Management LLC increased its stake in shares of United Rentals by 1,266.7% during the first 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. Flaharty Asset Management LLC purchased a new position in shares of United Rentals during the first quarter valued at $30,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of United Rentals by 69.0% during the first 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. Maseco LLP purchased a new position in shares of United Rentals during the second quarter valued at $32,000. Finally, Trust Co. of Toledo NA OH purchased a new position in shares of United Rentals during the second quarter valued at $38,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analyst Ratings Changes

URI has been the topic of several research reports. Morgan Stanley raised their price target on United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Truist Financial set a $1,169.00 price target on United Rentals in a research note on Friday, October 24th. Weiss Ratings restated a “hold (c+)” rating on shares of United Rentals in a research note on Wednesday, October 8th. Evercore ISI restated an “outperform” rating on shares of United Rentals in a research note on Tuesday, August 19th. Finally, Baird R W upgraded 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, twelve have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $974.47.

United Rentals Price Performance

URI opened at $873.07 on Friday. The business’s 50-day moving average is $952.84 and its two-hundred day moving average is $823.31. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,021.47. 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 firm has a market capitalization of $55.55 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 1.97 and a beta of 1.73.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share (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 during the quarter, compared to analysts’ expectations of $4.16 billion. During the same quarter last year, the firm earned $11.80 EPS. United Rentals’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. Research analysts anticipate 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 will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be paid a dividend of $1.79 per share. The ex-dividend date is Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals’s payout ratio is presently 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.