United Rentals, Inc. $URI Shares Bought by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC lifted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 89.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 756 shares of the construction company’s stock after purchasing an additional 356 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in United Rentals were worth $570,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of Jackson Hole Trust lifted its holdings in United Rentals by 12.0% during the 2nd quarter. Bank of Jackson Hole Trust now owns 112 shares of the construction company’s stock worth $84,000 after buying an additional 12 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of United Rentals by 5.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company’s stock worth $199,000 after acquiring an additional 13 shares in the last quarter. Cooper Financial Group increased its position in shares of United Rentals by 1.6% during the second quarter. Cooper Financial Group now owns 807 shares of the construction company’s stock worth $608,000 after acquiring an additional 13 shares during the period. American Trust raised its stake in shares of United Rentals by 1.1% in the first quarter. American Trust now owns 1,242 shares of the construction company’s stock valued at $778,000 after acquiring an additional 14 shares in the last quarter. Finally, CX Institutional raised its stake in shares of United Rentals by 2.5% in the second quarter. CX Institutional now owns 585 shares of the construction company’s stock valued at $441,000 after acquiring an additional 14 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 1.5%

URI opened at $812.10 on Tuesday. United Rentals, Inc. has a one year low of $525.91 and a one year high of $1,021.47. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90. The stock has a market capitalization of $51.67 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 1.97 and a beta of 1.73. The business’s 50-day simple moving average is $913.25 and its 200-day simple moving average is $847.85.

United Rentals (NYSE:URI) last released 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). The firm 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%.The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $11.80 EPS. United Rentals has set its FY 2025 guidance at EPS. Analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 12th. United Rentals’s dividend payout ratio (DPR) is presently 18.42%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Royal Bank Of Canada set a $1,123.00 target price on United Rentals in a research note on Friday, October 24th. Citigroup reissued a “buy” rating on shares of United Rentals in a research report on Thursday, October 23rd. Evercore ISI restated an “outperform” rating on shares of United Rentals in a research note on Tuesday, August 19th. Wells Fargo & Company began coverage on shares of United Rentals in a report on Thursday, November 13th. They issued an “overweight” rating and a $995.00 target price on the stock. Finally, BNP Paribas set a $900.00 price target on shares of United Rentals and gave the stock a “neutral” rating in a research note on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, United Rentals presently has an average rating of “Moderate Buy” and a consensus target price of $975.61.

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.