Access Investment Management LLC Purchases Shares of 31,883 United Rentals, Inc. $URI

Access Investment Management LLC acquired a new position in United Rentals, Inc. (NYSE:URI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 31,883 shares of the construction company’s stock, valued at approximately $24,021,000. United Rentals makes up about 6.8% of Access Investment Management LLC’s investment portfolio, making the stock its 2nd largest holding.

Several other institutional investors have also recently made changes to their positions in the company. Wellington Shields Capital Management LLC lifted its position in shares of United Rentals by 7.4% during the 2nd quarter. Wellington Shields Capital Management LLC now owns 365 shares of the construction company’s stock valued at $275,000 after buying an additional 25 shares in the last quarter. Westside Investment Management Inc. grew its position in shares of United Rentals by 1.2% in the second quarter. Westside Investment Management Inc. now owns 5,558 shares of the construction company’s stock valued at $4,188,000 after purchasing an additional 64 shares during the period. Intellectus Partners LLC raised its position in shares of United Rentals by 24.0% during the 2nd quarter. Intellectus Partners LLC now owns 1,208 shares of the construction company’s stock worth $910,000 after purchasing an additional 234 shares during the last quarter. EPG Wealth Management LLC lifted its stake in United Rentals by 6.3% in the 2nd quarter. EPG Wealth Management LLC now owns 2,680 shares of the construction company’s stock valued at $2,019,000 after buying an additional 160 shares in the last quarter. Finally, State of Michigan Retirement System lifted its position in shares of United Rentals by 1.0% in the second quarter. State of Michigan Retirement System now owns 19,554 shares of the construction company’s stock valued at $14,732,000 after acquiring an additional 200 shares in the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on URI. UBS Group restated a “neutral” rating and set a $1,025.00 price target on shares of United Rentals in a research report on Tuesday, October 28th. Royal Bank Of Canada set a $1,123.00 target price on United Rentals in a research note on Friday, October 24th. Sanford C. Bernstein set a $1,128.00 price objective on shares of United Rentals and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Truist Financial set a $1,169.00 target price on shares of United Rentals in a research note on Friday, October 24th. Finally, Argus set a $935.00 target price on shares of United Rentals in a report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $974.47.

United Rentals Trading Up 1.6%

URI opened at $873.07 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.40. The firm has a market cap of $55.55 billion, a P/E ratio of 22.46, a P/E/G ratio of 1.97 and a beta of 1.73. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $1,021.47. The business has a fifty day simple moving average of $952.84 and a 200-day simple moving average of $824.99.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). The company had revenue of $4.23 billion for 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%.The firm’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $11.80 EPS. United Rentals has set its FY 2025 guidance at EPS. On average, equities analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

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

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.