Magnus Financial Group LLC Purchases 26 Shares of United Rentals, Inc. $URI

Magnus Financial Group LLC increased its position in United Rentals, Inc. (NYSE:URI) by 4.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 580 shares of the construction company’s stock after purchasing an additional 26 shares during the quarter. Magnus Financial Group LLC’s holdings in United Rentals were worth $437,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in URI. Vanguard Group Inc. boosted its holdings in shares of United Rentals by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 7,422,036 shares of the construction company’s stock valued at $4,651,390,000 after buying an additional 29,501 shares in the last quarter. JPMorgan Chase & Co. lifted its position in United Rentals by 98.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company’s stock valued at $685,488,000 after acquiring an additional 541,579 shares during the period. GAMMA Investing LLC boosted its stake in United Rentals by 77,674.5% during the first quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company’s stock worth $556,138,000 after acquiring an additional 886,266 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in United Rentals by 28.8% in the first quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company’s stock worth $532,561,000 after purchasing an additional 190,007 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of United Rentals by 22.3% during the first quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company’s stock valued at $414,406,000 after purchasing an additional 120,449 shares in the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. 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 report on Thursday, July 24th. Redburn Atlantic downgraded United Rentals from a “buy” rating to a “neutral” rating and set a $760.00 target price on the stock. in a report on Friday, June 13th. Citigroup increased their target price on United Rentals from $1,000.00 to $1,080.00 and gave the stock a “buy” rating in a research note on Tuesday. Evercore ISI reaffirmed an “outperform” rating on shares of United Rentals in a research report on Tuesday, August 19th. Finally, KeyCorp upped their price target on shares of United Rentals from $1,075.00 to $1,120.00 and gave the stock an “overweight” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, United Rentals presently has a consensus rating of “Moderate Buy” and an average target price of $911.06.

United Rentals Stock Performance

Shares of URI stock opened at $929.81 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. The company has a 50 day moving average price of $911.21 and a 200-day moving average price of $758.24. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $980.53. The firm has a market capitalization of $59.82 billion, a PE ratio of 24.04, a P/E/G ratio of 2.16 and a beta of 1.72.

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

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given 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 was Wednesday, August 13th. United Rentals’s dividend 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.