Valeo Financial Advisors LLC Purchases 118 Shares of United Rentals, Inc. $URI

Valeo Financial Advisors LLC boosted its position in United Rentals, Inc. (NYSE:URI) by 15.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 860 shares of the construction company’s stock after purchasing an additional 118 shares during the quarter. Valeo Financial Advisors LLC’s holdings in United Rentals were worth $648,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. TruNorth Capital Management LLC raised 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 purchasing an additional 38 shares in the last quarter. Fourth Dimension Wealth LLC bought a new position in United Rentals in the first quarter worth $26,000. Maseco LLP bought a new position in United Rentals in the second quarter worth $32,000. Flaharty Asset Management LLC bought a new position in United Rentals in the first quarter worth $30,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised 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 purchasing an additional 20 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 0.6%

URI stock opened at $994.89 on Thursday. The business’s 50-day moving average price is $933.80 and its 200-day moving average price is $780.27. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $1,004.92. The stock has a market cap of $64.01 billion, a P/E ratio of 25.73, a PEG ratio of 2.29 and a beta of 1.73.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS 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 business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.90 billion. During the same period in the prior year, the firm posted $10.70 earnings per share. The firm’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. On average, equities research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were issued a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a yield of 0.7%. United Rentals’s payout ratio is currently 18.52%.

Analyst Ratings Changes

Several brokerages have recently weighed in on URI. Baird R W upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. BNP Paribas Exane raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price objective on the stock in a research report on Tuesday, September 16th. Argus set a $935.00 price objective on shares of United Rentals in a research report on Tuesday, August 12th. Morgan Stanley increased their price objective on shares of United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Finally, Redburn Atlantic downgraded shares of United Rentals from a “buy” rating to a “neutral” rating and set a $760.00 price objective on the stock. in a research report on Friday, June 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Rentals has an average 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.