Summit X LLC Acquires 897 Shares of United Rentals, Inc. $URI

Summit X LLC lifted its holdings in United Rentals, Inc. (NYSE:URI) by 150.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,494 shares of the construction company’s stock after buying an additional 897 shares during the quarter. Summit X LLC’s holdings in United Rentals were worth $1,126,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. TruNorth Capital Management LLC increased its stake in shares of United Rentals by 1,266.7% during the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock valued at $26,000 after purchasing an additional 38 shares in the last quarter. Flaharty Asset Management LLC purchased a new stake in shares of United Rentals in the first quarter worth $30,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of United Rentals by 69.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock valued at $31,000 after acquiring an additional 20 shares in the last quarter. Maseco LLP bought a new position in shares of United Rentals during the second quarter valued at $32,000. Finally, Trust Co. of Toledo NA OH purchased a new position in shares of United Rentals in the 2nd quarter worth about $38,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Stock Up 0.1%

United Rentals stock opened at $846.21 on Friday. United Rentals, Inc. has a one year low of $525.91 and a one year high of $1,021.47. The stock has a fifty day moving average of $942.78 and a 200 day moving average of $832.63. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90. The stock has a market cap of $53.84 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 1.97 and a beta of 1.73.

United Rentals (NYSE:URI) last released its quarterly earnings results 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). 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 the consensus estimate of $4.16 billion. During the same quarter in the prior year, the firm earned $11.80 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 12th. United Rentals’s dividend payout ratio is currently 18.42%.

Analyst Upgrades and Downgrades

URI has been the subject of several recent analyst reports. KeyCorp reaffirmed an “overweight” rating on shares of United Rentals in a report on Friday, October 24th. Morgan Stanley increased their target price on United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Bank of America boosted their price target on United Rentals from $895.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of United Rentals in a research report on Wednesday, October 8th. 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, twelve have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and an average target price of $974.47.

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.