GC Wealth Management RIA LLC Buys Shares of 511 United Rentals, Inc. $URI

GC Wealth Management RIA LLC bought a new stake in shares of United Rentals, Inc. (NYSE:URI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 511 shares of the construction company’s stock, valued at approximately $385,000.

A number of other hedge funds have also made changes to their positions in URI. Wealth Enhancement Advisory Services LLC raised its holdings in shares of United Rentals by 15.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,371 shares of the construction company’s stock valued at $4,488,000 after acquiring an additional 839 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of United Rentals by 22.1% in the first quarter. Versant Capital Management Inc now owns 160 shares of the construction company’s stock valued at $100,000 after purchasing an additional 29 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of United Rentals in the first quarter valued at approximately $40,000. Gilman Hill Asset Management LLC increased its holdings in shares of United Rentals by 3.3% in the first quarter. Gilman Hill Asset Management LLC now owns 6,011 shares of the construction company’s stock valued at $3,767,000 after purchasing an additional 190 shares during the last quarter. Finally, Oak Asset Management LLC acquired a new stake in shares of United Rentals in the first quarter valued at approximately $233,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Redburn Atlantic cut United Rentals from a “buy” rating to a “neutral” rating and set a $760.00 price target for the company. in a report on Friday, June 13th. Sanford C. Bernstein set a $1,128.00 price target on United Rentals and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Bank of America increased their price target on United Rentals from $895.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. increased their price target on United Rentals from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a report on Monday, September 22nd. Finally, Citigroup increased their price target on United Rentals from $1,000.00 to $1,080.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and a consensus target price of $941.00.

United Rentals Trading Up 0.8%

Shares of United Rentals stock opened at $962.67 on Thursday. The firm has a market capitalization of $61.94 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 2.21 and a beta of 1.73. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $980.53. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. The stock has a 50 day moving average of $923.75 and a 200 day moving average of $767.78.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing the consensus estimate of $10.54 by ($0.07). The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The company’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. As a group, research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, August 13th. United Rentals’s dividend payout ratio (DPR) is currently 18.52%.

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.