United Rentals, Inc. $URI Shares Purchased by Blue Trust Inc.

Blue Trust Inc. boosted its position in United Rentals, Inc. (NYSE:URI) by 12.3% in the second quarter, HoldingsChannel.com reports. The firm owned 348 shares of the construction company’s stock after purchasing an additional 38 shares during the quarter. Blue Trust Inc.’s holdings in United Rentals were worth $262,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of URI. GAMMA Investing LLC increased its holdings in shares of United Rentals by 24.1% in the first quarter. GAMMA Investing LLC now owns 1,416 shares of the construction company’s stock valued at $887,000 after buying an additional 275 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of United Rentals by 12.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,160 shares of the construction company’s stock valued at $4,488,000 after buying an additional 789 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new position in shares of United Rentals in the first quarter valued at $602,000. Brighton Jones LLC increased its holdings in shares of United Rentals by 5.4% in the first quarter. Brighton Jones LLC now owns 504 shares of the construction company’s stock valued at $316,000 after buying an additional 26 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of United Rentals by 10.3% in the first quarter. Janney Montgomery Scott LLC now owns 28,894 shares of the construction company’s stock valued at $18,108,000 after buying an additional 2,702 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of NYSE:URI opened at $1,000.47 on Wednesday. The company’s fifty day moving average is $942.33 and its two-hundred day moving average is $790.47. 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 12-month low of $525.91 and a 12-month high of $1,007.97. The company has a market cap of $64.37 billion, a P/E ratio of 25.87, a price-to-earnings-growth ratio of 2.25 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 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 for the quarter, compared to analysts’ expectations of $3.90 billion. During the same quarter in the prior year, the firm earned $10.70 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. Equities analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were issued a dividend of $1.79 per share. 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 payout ratio is currently 18.52%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Robert W. Baird raised United Rentals from a “neutral” rating to an “outperform” rating and upped their price target for the company from $888.00 to $1,050.00 in a report on Wednesday, October 1st. Evercore ISI reissued an “outperform” rating on shares of United Rentals in a research note on Tuesday, August 19th. Bank of America boosted their target price on shares of United Rentals from $895.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of United Rentals in a research note on Wednesday, October 8th. Finally, Argus set a $935.00 target price on shares of United Rentals in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $956.13.

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.