Transcend Capital Advisors LLC Grows Stake in United Rentals, Inc. $URI

Transcend Capital Advisors LLC increased its holdings in shares of United Rentals, Inc. (NYSE:URI) by 3.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 537 shares of the construction company’s stock after purchasing an additional 17 shares during the quarter. Transcend Capital Advisors LLC’s holdings in United Rentals were worth $404,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Bessemer Group Inc. grew its position in shares of United Rentals by 4,436.8% during the second quarter. Bessemer Group Inc. now owns 163,552 shares of the construction company’s stock worth $123,221,000 after purchasing an additional 159,947 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its position in shares of United Rentals by 3.4% during the second quarter. Ashton Thomas Private Wealth LLC now owns 2,015 shares of the construction company’s stock worth $1,518,000 after purchasing an additional 66 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of United Rentals during the second quarter worth about $298,000. Envestnet Asset Management Inc. grew its position in shares of United Rentals by 8.9% during the second quarter. Envestnet Asset Management Inc. now owns 158,126 shares of the construction company’s stock worth $119,132,000 after purchasing an additional 12,910 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of United Rentals by 6.6% during the second quarter. Nisa Investment Advisors LLC now owns 20,362 shares of the construction company’s stock worth $15,341,000 after purchasing an additional 1,263 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on URI. Argus set a $935.00 price target on United Rentals in a report on Tuesday, August 12th. Royal Bank Of Canada set a $1,123.00 price target on United Rentals in a report on Friday, October 24th. Barclays cut their price target on United Rentals from $620.00 to $600.00 and set an “underweight” rating for the company in a report on Monday, October 20th. KeyCorp restated an “overweight” rating on shares of United Rentals in a report on Friday, October 24th. 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 report on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and a consensus price target of $974.47.

United Rentals Price Performance

Shares of United Rentals stock opened at $871.33 on Thursday. The stock has a market cap of $55.44 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 1.98 and a beta of 1.73. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90. The stock has a 50 day moving average price of $954.60 and a 200-day moving average price of $819.55. United Rentals, Inc. has a one year low of $525.91 and a one year high of $1,021.47.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 22nd. The construction company reported $11.70 EPS for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). The company had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.16 billion. United Rentals had a return on equity of 31.30% and a net margin of 15.83%.United Rentals’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted $11.80 EPS. United Rentals has set its FY 2025 guidance at EPS. Equities analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be issued a $1.79 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals’s payout ratio is 18.42%.

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.