Gilman Hill Asset Management LLC Raises Holdings in United Rentals, Inc. $URI

Gilman Hill Asset Management LLC lifted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 2.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,169 shares of the construction company’s stock after purchasing an additional 158 shares during the period. Gilman Hill Asset Management LLC’s holdings in United Rentals were worth $4,648,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Pines Wealth Management LLC increased its stake in shares of United Rentals by 4.6% during the 2nd quarter. Pines Wealth Management LLC now owns 473 shares of the construction company’s stock worth $375,000 after purchasing an additional 21 shares in the last quarter. New England Research & Management Inc. boosted its position in United Rentals by 0.5% during the second quarter. New England Research & Management Inc. now owns 8,785 shares of the construction company’s stock worth $6,619,000 after acquiring an additional 40 shares during the last quarter. Czech National Bank boosted its position in United Rentals by 5.9% during the second quarter. Czech National Bank now owns 15,888 shares of the construction company’s stock worth $11,970,000 after acquiring an additional 888 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in United Rentals by 5.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company’s stock worth $199,000 after acquiring an additional 13 shares during the last quarter. Finally, Adamsbrown Wealth Consultants LLC acquired a new stake in United Rentals during the second quarter worth approximately $242,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

URI has been the topic of a number of analyst reports. Bank of America raised their target price on shares of United Rentals from $895.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. UBS Group raised their target price on shares of United Rentals from $780.00 to $835.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Redburn Atlantic lowered shares of United Rentals from a “buy” rating to a “neutral” rating and set a $760.00 target price on the stock. in a research report on Friday, June 13th. JPMorgan Chase & Co. raised their target price on shares of United Rentals from $920.00 to $950.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Finally, Morgan Stanley raised their target price on shares of United Rentals from $702.00 to $955.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $850.00.

United Rentals Stock Performance

United Rentals stock opened at $958.84 on Wednesday. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $980.53. The company has a market capitalization of $61.69 billion, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 2.19 and a beta of 1.72. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80. The firm’s fifty day moving average price is $892.95 and its 200 day moving average price is $743.55.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.90 billion. During the same period last year, the firm earned $10.70 EPS. The business’s quarterly revenue was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. On average, research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were paid a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $7.16 annualized dividend and a yield of 0.7%. United Rentals’s payout ratio is 18.52%.

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.