Wealth Enhancement Advisory Services LLC Sells 36 Shares of United Rentals, Inc. $URI

Wealth Enhancement Advisory Services LLC lessened its holdings in shares of United Rentals, Inc. (NYSE:URI) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,124 shares of the construction company’s stock after selling 36 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in United Rentals were worth $5,646,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of United Rentals by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 7,422,036 shares of the construction company’s stock valued at $4,651,390,000 after acquiring an additional 29,501 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of United Rentals by 98.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company’s stock valued at $685,488,000 after acquiring an additional 541,579 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of United Rentals by 77,674.5% during the 1st quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company’s stock valued at $556,138,000 after acquiring an additional 886,266 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of United Rentals by 28.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company’s stock valued at $532,561,000 after acquiring an additional 190,007 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of United Rentals by 22.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company’s stock valued at $414,406,000 after acquiring an additional 120,449 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

Shares of URI stock opened at $935.70 on Thursday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $980.53. The stock has a 50 day moving average price of $908.97 and a two-hundred day moving average price of $755.97. The company has a market capitalization of $60.20 billion, a P/E ratio of 24.20, a PEG ratio of 2.21 and a beta of 1.72.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 earnings per share 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 during the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the previous year, the firm posted $10.70 EPS. The business’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. Analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were paid a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. United Rentals’s payout ratio is 18.52%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Citigroup boosted their target price on United Rentals from $1,000.00 to $1,080.00 and gave the stock a “buy” rating in a research report on Tuesday. BNP Paribas Exane upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 target price for the company in a research 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 set a $900.00 target price on United Rentals and gave the stock a “neutral” rating in a research report on Tuesday, September 16th. Finally, Truist Financial boosted their target price on United Rentals from $786.00 to $952.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $908.25.

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.