Belpointe Asset Management LLC Takes Position in United Rentals, Inc. $URI

Belpointe Asset Management LLC purchased a new stake in United Rentals, Inc. (NYSE:URI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 307 shares of the construction company’s stock, valued at approximately $231,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC increased its stake in United Rentals by 32.9% in the first quarter. Elevation Point Wealth Partners LLC now owns 2,220 shares of the construction company’s stock valued at $1,391,000 after acquiring an additional 550 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new position in United Rentals in the first quarter valued at approximately $602,000. Wealth Enhancement Advisory Services LLC increased its stake in 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 acquiring an additional 789 shares during the last quarter. Farther Finance Advisors LLC increased its stake in United Rentals by 101.6% in the first quarter. Farther Finance Advisors LLC now owns 859 shares of the construction company’s stock valued at $543,000 after acquiring an additional 433 shares during the last quarter. Finally, Brookwood Investment Group LLC bought a new position in United Rentals in the first quarter valued at approximately $2,966,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Performance

NYSE URI opened at $951.67 on Friday. The firm’s fifty day moving average price is $937.56 and its two-hundred day moving average price is $785.60. The stock has a market cap of $61.23 billion, a PE ratio of 24.61, a PEG ratio of 2.20 and a beta of 1.73. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,004.92. 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 (NYSE:URI) last posted its earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing analysts’ consensus estimates of $10.54 by ($0.07). The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. On average, equities analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were paid a $1.79 dividend. 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 currently 18.52%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. UBS Group lifted their price objective on shares of United Rentals from $780.00 to $835.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Argus set a $935.00 price objective on shares of United Rentals in a research note on Tuesday, August 12th. Truist Financial lifted their price objective on shares of United Rentals from $952.00 to $1,194.00 and gave the company a “buy” rating in a research note on Wednesday. BNP Paribas set a $900.00 price objective on shares of United Rentals and gave the company a “neutral” rating in a research note on Tuesday, September 16th. Finally, KeyCorp lifted their price objective on shares of United Rentals from $1,075.00 to $1,120.00 and gave the company an “overweight” rating in a research note on Thursday, September 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, United Rentals presently has a consensus rating of “Moderate Buy” and a consensus target price 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.