Cooper Financial Group Acquires 13 Shares of United Rentals, Inc. $URI

Cooper Financial Group lifted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 1.6% in the second quarter, Holdings Channel.com reports. The fund owned 807 shares of the construction company’s stock after purchasing an additional 13 shares during the period. Cooper Financial Group’s holdings in United Rentals were worth $608,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of United Rentals by 0.4% during the first quarter. Vanguard Group Inc. now owns 7,422,036 shares of the construction company’s stock valued at $4,651,390,000 after acquiring an additional 29,501 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of United Rentals by 98.1% during the first 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 in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of United Rentals by 28.8% during the first quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company’s stock valued at $532,561,000 after acquiring an additional 190,007 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings 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 acquiring an additional 120,449 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of United Rentals by 0.8% during the first quarter. Northern Trust Corp now owns 661,166 shares of the construction company’s stock valued at $414,353,000 after acquiring an additional 5,113 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. KeyCorp upped their target price on United Rentals from $1,075.00 to $1,120.00 and gave the company an “overweight” rating in a report on Thursday, September 25th. UBS Group increased their price objective on United Rentals from $780.00 to $835.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Barclays increased their price objective on United Rentals from $565.00 to $620.00 and gave the stock an “underweight” rating in a report on Monday, July 21st. BNP Paribas Exane upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price objective for the company in a report on Tuesday, September 16th. Finally, Argus set a $935.00 price objective on United Rentals in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $941.00.

United Rentals Trading Up 0.8%

NYSE URI opened at $962.67 on Thursday. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $980.53. The stock has a market cap of $61.94 billion, a P/E ratio of 24.89, a P/E/G ratio of 2.21 and a beta of 1.73. The stock’s fifty day moving average price is $923.75 and its 200-day moving average price is $767.78. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34.

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

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals’s dividend payout ratio is currently 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.