Litman Gregory Wealth Management LLC Acquires 136 Shares of United Rentals, Inc. $URI

Litman Gregory Wealth Management LLC lifted its holdings in United Rentals, Inc. (NYSE:URI) by 2.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,080 shares of the construction company’s stock after buying an additional 136 shares during the quarter. Litman Gregory Wealth Management LLC’s holdings in United Rentals were worth $4,581,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of URI. TruNorth Capital Management LLC boosted its stake in shares of United Rentals by 1,266.7% during the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock valued at $26,000 after purchasing an additional 38 shares during the period. Fourth Dimension Wealth LLC bought a new stake in United Rentals during the 1st quarter valued at about $26,000. Maseco LLP bought a new stake in United Rentals during the 2nd quarter valued at about $32,000. Flaharty Asset Management LLC purchased a new stake in United Rentals in the 1st quarter valued at about $30,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in United Rentals by 69.0% in the 1st 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 in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 0.4%

Shares of NYSE URI opened at $982.25 on Monday. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $997.50. The stock’s fifty day simple moving average is $927.68 and its two-hundred day simple moving average is $774.82. The stock has a market capitalization of $63.20 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 2.27 and a beta of 1.73. 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 (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 analysts’ consensus estimates of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.90 billion. During the same quarter last year, the company earned $10.70 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. As a group, analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis 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%.

Wall Street Analyst Weigh In

URI has been the subject of several research analyst reports. Redburn Atlantic downgraded shares of United Rentals from a “buy” rating to a “neutral” rating and set a $760.00 price target for the company. in a research note on Friday, June 13th. BNP Paribas set a $900.00 price objective on United Rentals and gave the stock a “neutral” rating in a report on Tuesday, September 16th. Argus set a $935.00 target price on United Rentals in a research report on Tuesday, August 12th. BNP Paribas Exane raised United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price target on the stock in a research report on Tuesday, September 16th. Finally, Morgan Stanley raised their price target on United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $941.00.

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.