United Rentals, Inc. $URI Shares Acquired by Oak Ridge Investments LLC

Oak Ridge Investments LLC boosted its holdings in United Rentals, Inc. (NYSE:URI) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,996 shares of the construction company’s stock after acquiring an additional 116 shares during the period. Oak Ridge Investments LLC’s holdings in United Rentals were worth $6,024,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of URI. Fourth Dimension Wealth LLC bought a new position in United Rentals in the first quarter worth about $26,000. TruNorth Capital Management LLC lifted its holdings in United Rentals by 1,266.7% in the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock worth $26,000 after acquiring an additional 38 shares during the last quarter. Flaharty Asset Management LLC bought a new position in United Rentals in the first quarter worth about $30,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in United Rentals by 69.0% in the first 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. Finally, Maseco LLP bought a new position in United Rentals in the second quarter worth about $32,000. Institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of NYSE:URI opened at $951.67 on Friday. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $1,004.92. The stock has a market cap of $61.23 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 2.20 and a beta of 1.73. The stock’s 50 day moving average price is $937.56 and its 200 day moving average price is $785.60. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing the consensus estimate of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same period in the previous year, the firm earned $10.70 EPS. United Rentals’s revenue for the quarter was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. Equities 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 was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were given a $1.79 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $7.16 annualized dividend and a yield of 0.8%. United Rentals’s payout ratio is 18.52%.

Analyst Ratings Changes

A number of brokerages have issued reports on URI. Barclays raised their target price on shares of United Rentals from $565.00 to $620.00 and gave the stock an “underweight” rating in a report on Monday, July 21st. KeyCorp lifted their price target on United Rentals from $1,075.00 to $1,120.00 and gave the company an “overweight” rating in a report on Thursday, September 25th. Truist Financial lifted their price target on United Rentals from $952.00 to $1,194.00 and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. lifted 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 lifted 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. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, United Rentals currently has a consensus rating of “Moderate Buy” and an average price target of $956.13.

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.