United Rentals (NYSE:URI) stock has been on a stellar track in recent periods, with it achieving new 12-month highs following robust corporate performance. In Q2 of 2024, the company met Wall Street's forecasts while outpacing Q2 earnings and revenue estimates. These positive results led to an upward revision of United Rentals' price targets by various firms. For instance, URI's price target was raised to $905 by an anonymous entity and subsequently increased to $873 by Truist Financial. The firm maintained a strong hold on its market position in spite of occasional underperformance compared to competitors. The investment activities revealed significant fluctuations. While SEI Investments Co. and the Toronto Dominion Bank sold off United Rentals' shares, Canada Pension Plan Investment Board and Orion Portfolio Solutions LLC increased their stakes in the company. Furthermore, URI disclosed a spike in earnings, triggering a share buyback and dividend raise. The financial landmark was followed by the announcement of a $1.63 quarterly dividend scheduled to be paid out on August 28th.
United Rentals URI News Analytics from Wed, 24 Jan 2024 08:00:00 GMT to Sun, 28 Jul 2024 11:18:24 GMT -
Rating 8
- Innovation 3
- Rumor -3
