Strs Ohio Acquires Shares of 51,776 United Rentals, Inc. $URI

Strs Ohio acquired a new stake in shares of United Rentals, Inc. (NYSE:URI) in the 1st quarter, Holdings Channel reports. The firm acquired 51,776 shares of the construction company’s stock, valued at approximately $32,448,000.

Several other institutional investors have also bought and sold shares of URI. Elevation Point Wealth Partners LLC lifted its holdings in shares of United Rentals by 32.9% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 2,220 shares of the construction company’s stock worth $1,391,000 after acquiring an additional 550 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new stake in shares of United Rentals in the 1st quarter worth about $602,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of United Rentals by 12.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,160 shares of the construction company’s stock worth $4,488,000 after acquiring an additional 789 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of United Rentals by 101.6% in the 1st quarter. Farther Finance Advisors LLC now owns 859 shares of the construction company’s stock worth $543,000 after acquiring an additional 433 shares during the last quarter. Finally, Brookwood Investment Group LLC bought a new stake in shares of United Rentals in the 1st quarter worth about $2,966,000. Institutional investors own 96.26% of the company’s stock.

United Rentals Trading Up 1.6%

Shares of URI opened at $959.56 on Friday. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $980.53. The company has a 50-day moving average of $883.26 and a 200 day moving average of $736.44. The firm has a market capitalization of $61.74 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 2.18 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.

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

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were given a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a yield of 0.7%. United Rentals’s dividend payout ratio (DPR) is 18.52%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on URI. Citigroup restated a “buy” rating and issued a $810.00 target price (up previously from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. The Goldman Sachs Group raised their target price on shares of United Rentals from $770.00 to $850.00 and gave the stock a “buy” rating in a report on Tuesday, May 27th. Bank of America lifted their price objective on shares of United Rentals from $895.00 to $900.00 and gave the company a “buy” rating in a 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 price objective for the company. in a report on Friday, June 13th. Finally, Evercore ISI reiterated an “outperform” rating on shares of United Rentals in a report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $842.86.

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.