Davidson Capital Management Inc. Increases Stock Holdings in United Rentals, Inc. (NYSE:URI)

Davidson Capital Management Inc. raised its holdings in United Rentals, Inc. (NYSE:URI) by 2.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,534 shares of the construction company’s stock after buying an additional 88 shares during the quarter. Davidson Capital Management Inc.’s holdings in United Rentals were worth $2,932,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in URI. First Financial Corp IN acquired a new stake in United Rentals in the 1st quarter worth approximately $25,000. Crewe Advisors LLC acquired a new stake in shares of United Rentals during the first quarter worth $27,000. RFP Financial Group LLC grew its holdings in shares of United Rentals by 115.8% during the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock valued at $27,000 after buying an additional 22 shares during the last quarter. Rise Advisors LLC acquired a new position in shares of United Rentals in the 1st quarter valued at $28,000. Finally, Riverview Trust Co purchased a new position in United Rentals in the 1st quarter worth $31,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of United Rentals stock opened at $793.61 on Friday. The firm has a market cap of $52.85 billion, a PE ratio of 21.50, a P/E/G ratio of 1.72 and a beta of 1.68. United Rentals, Inc. has a twelve month low of $387.01 and a twelve month high of $801.39. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.39. The business has a 50-day moving average price of $717.64 and a 200 day moving average price of $685.92.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 EPS for the quarter, beating analysts’ consensus estimates of $10.48 by $0.22. The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.77 billion. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $9.88 earnings per share. Sell-side analysts predict that United Rentals, Inc. will post 44.39 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were given a $1.63 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $6.52 annualized dividend and a dividend yield of 0.82%. United Rentals’s dividend payout ratio (DPR) is 17.66%.

Wall Street Analysts Forecast Growth

URI has been the topic of several research analyst reports. The Goldman Sachs Group boosted their price target on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Citigroup began coverage on shares of United Rentals in a report on Wednesday, June 26th. They issued a “buy” rating and a $745.00 price target on the stock. Raymond James began coverage on shares of United Rentals in a research note on Friday, June 28th. They set an “outperform” rating and a $750.00 price objective for the company. Truist Financial increased their price objective on shares of United Rentals from $785.00 to $873.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Evercore ISI boosted their target price on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, United Rentals currently has an average rating of “Hold” and an average target price of $675.15.

Insider Transactions at United Rentals

In related news, SVP Joli L. Gross sold 360 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following the transaction, the senior vice president now directly owns 4,090 shares of the company’s stock, valued at approximately $2,822,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.53% of the company’s stock.

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.