Old Port Advisors Buys Shares of 308 United Rentals, Inc. $URI

Old Port Advisors bought a new position in United Rentals, Inc. (NYSE:URI) during the 2nd quarter, HoldingsChannel reports. The firm bought 308 shares of the construction company’s stock, valued at approximately $232,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its stake in United Rentals by 5.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company’s stock worth $199,000 after buying an additional 13 shares during the period. American Trust raised its position in shares of United Rentals by 1.1% during the first quarter. American Trust now owns 1,242 shares of the construction company’s stock worth $778,000 after purchasing an additional 14 shares during the period. CX Institutional raised its position in shares of United Rentals by 2.5% during the second quarter. CX Institutional now owns 585 shares of the construction company’s stock worth $441,000 after purchasing an additional 14 shares during the period. Leavell Investment Management Inc. lifted its holdings in shares of United Rentals by 3.6% during the 1st quarter. Leavell Investment Management Inc. now owns 515 shares of the construction company’s stock valued at $323,000 after purchasing an additional 18 shares in the last quarter. Finally, Baer Investment Advisory LLC grew its position in shares of United Rentals by 0.6% in the 1st quarter. Baer Investment Advisory LLC now owns 3,202 shares of the construction company’s stock valued at $2,007,000 after purchasing an additional 18 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Citigroup raised their target price on shares of United Rentals from $1,000.00 to $1,080.00 and gave the stock a “buy” rating in a report on Tuesday. Sanford C. Bernstein set a $1,128.00 price objective on shares of United Rentals and gave the stock an “outperform” rating in a report on Tuesday, September 23rd. Morgan Stanley upped their target price on shares of United Rentals from $702.00 to $955.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. BNP Paribas set a $900.00 target price on United Rentals and gave the stock a “neutral” rating in a report on Tuesday, September 16th. Finally, Argus set a $935.00 price target on United Rentals in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, United Rentals presently has a consensus rating of “Moderate Buy” and an average target price of $911.06.

United Rentals Stock Up 1.7%

Shares of URI stock opened at $947.47 on Friday. The firm’s fifty day moving average price is $913.99 and its two-hundred day moving average price is $761.68. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $980.53. The firm has a market capitalization of $60.96 billion, a P/E ratio of 24.50, a PEG ratio of 2.19 and a beta of 1.72.

United Rentals (NYSE:URI) last announced 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). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the previous year, the business earned $10.70 EPS. United Rentals’s revenue was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. On average, equities analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were paid a dividend of $1.79 per share. The ex-dividend date was Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals’s dividend payout ratio is currently 18.52%.

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.