Global Retirement Partners LLC Invests $305,000 in United Rentals, Inc. $URI

Global Retirement Partners LLC acquired a new position in United Rentals, Inc. (NYSE:URI) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 404 shares of the construction company’s stock, valued at approximately $305,000.

Several other hedge funds have also bought and sold shares of the stock. Vaughan Nelson Investment Management L.P. bought a new stake in shares of United Rentals during the 2nd quarter valued at $152,069,000. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in United Rentals in the 2nd quarter worth $298,000. Vise Technologies Inc. bought a new stake in United Rentals during the second quarter valued at about $7,514,000. Symphony Financial Ltd. Co. purchased a new position in shares of United Rentals in the second quarter valued at about $29,171,000. Finally, Access Investment Management LLC bought a new position in shares of United Rentals in the second quarter worth about $24,021,000. 96.26% of the stock is currently owned by institutional investors.

United Rentals Price Performance

NYSE:URI opened at $815.43 on Monday. The firm has a market capitalization of $51.89 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 1.97 and a beta of 1.73. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,021.47. The business has a 50 day simple moving average of $902.91 and a 200-day simple moving average of $850.90. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing the consensus estimate 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 net margin of 15.83% and a return on equity of 31.30%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $11.80 EPS. United Rentals has set its FY 2025 guidance at EPS. Equities analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were paid a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.9%. United Rentals’s payout ratio is currently 18.42%.

Wall Street Analyst Weigh In

URI has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on 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. Wells Fargo & Company initiated coverage on shares of United Rentals in a research report on Thursday, November 13th. They set an “overweight” rating and a $995.00 price objective on the stock. Truist Financial set a $1,169.00 target price on shares of United Rentals in a report on Friday, October 24th. Baird R W raised shares of United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Barclays reduced their price target on shares of United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a report on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and a consensus target price of $975.61.

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.