Creative Planning Increases Stake in United Rentals, Inc. $URI

Creative Planning boosted its stake in United Rentals, Inc. (NYSE:URI) by 7.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,309 shares of the construction company’s stock after purchasing an additional 1,093 shares during the quarter. Creative Planning’s holdings in United Rentals were worth $11,534,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of United Rentals during the 2nd quarter worth $298,000. Vise Technologies Inc. purchased a new stake in United Rentals during the second quarter valued at about $7,514,000. Access Investment Management LLC acquired a new stake in United Rentals during the second quarter worth about $24,021,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of United Rentals in the 2nd quarter worth about $152,069,000. Finally, Roundview Capital LLC lifted its stake in shares of United Rentals by 9.2% in the 2nd quarter. Roundview Capital LLC now owns 5,909 shares of the construction company’s stock valued at $4,452,000 after purchasing an additional 496 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Trading Down 0.8%

URI opened at $799.86 on Wednesday. The firm’s 50 day moving average is $925.53 and its 200-day moving average is $844.02. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $1,021.47. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $50.90 billion, a P/E ratio of 20.57, a P/E/G ratio of 1.97 and a beta of 1.74.

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 analysts’ consensus estimates of $12.43 by ($0.73). United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same period in the previous year, the business posted $11.80 earnings per share. United Rentals’s revenue for the quarter was up 5.9% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. Analysts expect that United Rentals, Inc. will post 44.8 EPS 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. Stockholders of record on Wednesday, November 12th will be given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 12th. United Rentals’s payout ratio is presently 18.42%.

Wall Street Analysts Forecast Growth

URI has been the subject of a number of research analyst reports. Truist Financial set a $1,169.00 target price on shares of United Rentals in a research report on Friday, October 24th. Evercore ISI reissued an “outperform” rating on shares of United Rentals in a research report on Tuesday, August 19th. Sanford C. Bernstein set a $1,128.00 target price on shares of United Rentals and gave the company an “outperform” rating in a report on Tuesday, September 23rd. JPMorgan Chase & Co. increased their price target on United Rentals from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a report on Monday, September 22nd. Finally, Citigroup reissued a “buy” rating on shares of United Rentals in a research report on Thursday, October 23rd. Two investment 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 given a Sell rating to the company. Based on data from MarketBeat, United Rentals has a consensus rating of “Moderate Buy” and a consensus price target 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.