L & S Advisors Inc Makes New $6.68 Million Investment in United Rentals, Inc. $URI

L & S Advisors Inc purchased a new stake in shares of United Rentals, Inc. (NYSE:URI) during the second quarter, Holdings Channel reports. The fund purchased 8,869 shares of the construction company’s stock, valued at approximately $6,682,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Flaharty Asset Management LLC bought a new position in United Rentals in the 1st quarter valued at approximately $30,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in United Rentals by 69.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock worth $31,000 after acquiring an additional 20 shares during the last quarter. Maseco LLP acquired a new position in United Rentals in the 2nd quarter valued at approximately $32,000. Trust Co. of Toledo NA OH bought a new position in shares of United Rentals during the second quarter valued at $38,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of United Rentals by 560.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 66 shares of the construction company’s stock worth $41,000 after purchasing an additional 56 shares during the period. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Down 2.0%

Shares of NYSE URI opened at $843.44 on Friday. 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 has a 50-day moving average price of $934.53 and a 200-day moving average price of $837.56. The stock has a market capitalization of $53.67 billion, a P/E ratio of 21.69, a P/E/G ratio of 1.97 and a beta of 1.73. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,021.47.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). The business 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%.The company’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $11.80 EPS. United Rentals has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be issued a dividend of $1.79 per share. The ex-dividend date is Wednesday, November 12th. This represents a $7.16 annualized dividend and a yield of 0.8%. United Rentals’s dividend payout ratio is 18.42%.

Wall Street Analysts Forecast Growth

URI has been the subject of several analyst reports. Royal Bank Of Canada set a $1,123.00 target price on United Rentals in a research report on Friday, October 24th. KeyCorp restated an “overweight” rating on shares of United Rentals in a research report on Friday, October 24th. Evercore ISI reiterated an “outperform” rating on shares of United Rentals in a report on Tuesday, August 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of United Rentals in a research report on Wednesday, October 8th. Finally, UBS Group reissued a “neutral” rating and set a $1,025.00 price objective on shares of United Rentals in a research report on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $975.61.

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.