United Rentals, Inc. $URI Shares Bought by Allworth Financial LP

Allworth Financial LP increased its stake in shares of United Rentals, Inc. (NYSE:URI) by 35.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,032 shares of the construction company’s stock after purchasing an additional 270 shares during the quarter. Allworth Financial LP’s holdings in United Rentals were worth $777,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Apollon Wealth Management LLC grew its stake in United Rentals by 11.1% in the 1st quarter. Apollon Wealth Management LLC now owns 1,449 shares of the construction company’s stock worth $908,000 after acquiring an additional 145 shares during the period. Larson Financial Group LLC grew its holdings in United Rentals by 37.9% during the 1st quarter. Larson Financial Group LLC now owns 633 shares of the construction company’s stock worth $397,000 after acquiring an additional 174 shares in the last quarter. Legacy Capital Wealth Partners LLC increased its holdings in United Rentals by 8.0% in the first quarter. Legacy Capital Wealth Partners LLC now owns 459 shares of the construction company’s stock valued at $288,000 after buying an additional 34 shares during the last quarter. Graypoint LLC raised its position in shares of United Rentals by 13.0% during the 1st quarter. Graypoint LLC now owns 426 shares of the construction company’s stock valued at $267,000 after acquiring an additional 49 shares in the last quarter. Finally, Forum Financial Management LP increased its stake in United Rentals by 2.9% during the first quarter. Forum Financial Management LP now owns 771 shares of the construction company’s stock valued at $483,000 after purchasing an additional 22 shares during the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Trading Down 1.2%

Shares of United Rentals stock opened at $832.82 on Friday. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,021.47. The firm’s 50 day moving average is $931.67 and its 200 day moving average is $838.98. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $52.99 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 1.97 and a beta of 1.73.

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

United Rentals Announces Dividend

The company also recently disclosed 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. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, November 12th. United Rentals’s dividend payout ratio is presently 18.42%.

Analysts Set New Price Targets

Several brokerages have weighed in on URI. Barclays cut their target price on United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a research note on Monday, October 20th. BNP Paribas set a $900.00 target price on shares of United Rentals and gave the stock a “neutral” rating in a research report on Tuesday, September 16th. Wells Fargo & Company began coverage on shares of United Rentals in a report on Thursday. They set an “overweight” rating and a $995.00 price target for the company. Baird R W upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, JPMorgan Chase & Co. lifted their target price on shares of United Rentals from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Monday, September 22nd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, United Rentals presently has a consensus rating of “Moderate Buy” and an average price target of $975.61.

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.