KPP Advisory Services LLC Buys 264 Shares of United Rentals, Inc. $URI

KPP Advisory Services LLC increased its stake in shares of United Rentals, Inc. (NYSE:URI) by 37.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 974 shares of the construction company’s stock after purchasing an additional 264 shares during the quarter. KPP Advisory Services LLC’s holdings in United Rentals were worth $734,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new position in shares of United Rentals in the 1st quarter worth approximately $402,291,000. JPMorgan Chase & Co. boosted its stake in United Rentals by 98.1% in the first quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company’s stock valued at $685,488,000 after acquiring an additional 541,579 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in United Rentals in the second quarter valued at approximately $152,069,000. The Manufacturers Life Insurance Company grew its holdings in United Rentals by 28.8% in the first quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company’s stock worth $532,561,000 after purchasing an additional 190,007 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in United Rentals by 22.3% in the first quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company’s stock worth $414,406,000 after acquiring an additional 120,449 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Evercore ISI restated an “outperform” rating on shares of United Rentals in a research note on Tuesday, August 19th. BNP Paribas Exane raised United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 target price on the stock in a research report on Tuesday, September 16th. Barclays increased their price objective on United Rentals from $565.00 to $620.00 and gave the company an “underweight” rating in a report on Monday, July 21st. Baird R W upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Truist Financial upped their price objective on shares of United Rentals from $786.00 to $952.00 and gave the company a “buy” rating in a report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given 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 $941.00.

United Rentals Trading Up 0.4%

URI stock opened at $982.25 on Monday. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $997.50. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. The firm has a market cap of $63.20 billion, a P/E ratio of 25.40, a PEG ratio of 2.27 and a beta of 1.73. The company’s 50-day simple moving average is $927.68 and its 200-day simple moving average is $774.82.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.54 by ($0.07). The business had revenue of $3.94 billion for 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 business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were given a $1.79 dividend. 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 18.52%.

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.