AE Wealth Management LLC Increases Stock Position in United Rentals, Inc. $URI

AE Wealth Management LLC raised its position in United Rentals, Inc. (NYSE:URI) by 8.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,452 shares of the construction company’s stock after acquiring an additional 110 shares during the quarter. AE Wealth Management LLC’s holdings in United Rentals were worth $1,094,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of Jackson Hole Trust increased its holdings in United Rentals by 12.0% during the 2nd quarter. Bank of Jackson Hole Trust now owns 112 shares of the construction company’s stock valued at $84,000 after purchasing an additional 12 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in United Rentals by 5.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company’s stock worth $199,000 after buying an additional 13 shares during the period. Cooper Financial Group grew its position in shares of United Rentals by 1.6% in the 2nd quarter. Cooper Financial Group now owns 807 shares of the construction company’s stock worth $608,000 after buying an additional 13 shares during the last quarter. American Trust increased its stake in shares of United Rentals by 1.1% during the first quarter. American Trust now owns 1,242 shares of the construction company’s stock valued at $778,000 after buying an additional 14 shares during the period. Finally, CX Institutional increased its stake in shares of United Rentals by 2.5% during the second quarter. CX Institutional now owns 585 shares of the construction company’s stock valued at $441,000 after buying an additional 14 shares during the period. 96.26% of the stock is owned by institutional investors.

United Rentals Trading Up 0.5%

United Rentals stock opened at $859.46 on Thursday. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $1,021.47. The company has a market capitalization of $54.69 billion, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 1.97 and a beta of 1.73. The business’s fifty day simple moving average is $936.98 and its two-hundred day simple moving average is $837.52. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40.

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

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be paid 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 dividend payout ratio (DPR) is currently 18.42%.

Wall Street Analyst Weigh In

URI has been the topic of several recent analyst reports. Sanford C. Bernstein set a $1,128.00 price target on shares of United Rentals and gave the company an “outperform” rating in a report on Tuesday, September 23rd. BNP Paribas Exane raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 target price on the stock in a research note on Tuesday, September 16th. Argus set a $935.00 price target on shares of United Rentals in a research note on Tuesday, August 12th. Baird R W upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Bank of America upped their target price on United Rentals from $895.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $974.47.

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.