Foster & Motley Inc. Purchases 1,574 Shares of United Rentals, Inc. $URI

Foster & Motley Inc. lifted its position in shares of United Rentals, Inc. (NYSE:URI) by 18.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,273 shares of the construction company’s stock after buying an additional 1,574 shares during the period. Foster & Motley Inc.’s holdings in United Rentals were worth $7,740,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of URI. Roundview Capital LLC grew its position in United Rentals by 9.2% during the second quarter. Roundview Capital LLC now owns 5,909 shares of the construction company’s stock worth $4,452,000 after buying an additional 496 shares in the last quarter. Callahan Advisors LLC grew its stake in shares of United Rentals by 2.3% in the 2nd quarter. Callahan Advisors LLC now owns 11,584 shares of the construction company’s stock valued at $8,727,000 after buying an additional 264 shares during the period. Ascent Group LLC acquired a new position in United Rentals during the 2nd quarter valued at about $221,000. Wealth Enhancement Advisory Services LLC boosted its stake 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 buying an additional 789 shares during the last quarter. Finally, Brookwood Investment Group LLC bought a new stake in shares of United Rentals in the 1st quarter worth approximately $2,966,000. Institutional investors own 96.26% of the company’s stock.

United Rentals Trading Down 2.6%

Shares of URI stock opened at $979.96 on Friday. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,021.47. The company has a 50 day moving average price of $950.90 and a 200 day moving average price of $797.07. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. The stock has a market capitalization of $63.05 billion, a P/E ratio of 25.34, a price-to-earnings-growth ratio of 2.32 and a beta of 1.73.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing the consensus estimate of $10.54 by ($0.07). The firm had revenue of $3.94 billion during 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 firm’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. Equities research analysts predict 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 was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were issued a $1.79 dividend. 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 currently 18.52%.

Wall Street Analysts Forecast Growth

URI has been the subject of several research reports. KeyCorp upped their target price on shares of United Rentals from $1,075.00 to $1,120.00 and gave the stock an “overweight” rating in a research report on Thursday, September 25th. BNP Paribas Exane raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 target price for the company in a research report on Tuesday, September 16th. BNP Paribas set a $900.00 target price on shares of United Rentals and gave the company a “neutral” rating in a research note on Tuesday, September 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of United Rentals in a research note on Wednesday, October 8th. Finally, Morgan Stanley upped their price target on shares of United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $956.13.

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.