Vanguard Personalized Indexing Management LLC Buys 1,549 Shares of United Rentals, Inc. $URI

Vanguard Personalized Indexing Management LLC increased its stake in shares of United Rentals, Inc. (NYSE:URI) by 15.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 11,361 shares of the construction company’s stock after acquiring an additional 1,549 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in United Rentals were worth $8,561,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Oak Ridge Investments LLC boosted its holdings in shares of United Rentals by 1.5% during the 2nd quarter. Oak Ridge Investments LLC now owns 7,996 shares of the construction company’s stock worth $6,024,000 after buying an additional 116 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in shares of United Rentals by 6.2% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 534 shares of the construction company’s stock worth $402,000 after buying an additional 31 shares during the period. Apollon Wealth Management LLC boosted its holdings in shares of United Rentals by 26.8% during the 2nd quarter. Apollon Wealth Management LLC now owns 1,837 shares of the construction company’s stock worth $1,384,000 after buying an additional 388 shares during the period. Natural Investments LLC boosted its holdings in shares of United Rentals by 19.2% during the 2nd quarter. Natural Investments LLC now owns 826 shares of the construction company’s stock worth $622,000 after buying an additional 133 shares during the period. Finally, Trust Co. of Toledo NA OH bought a new stake in shares of United Rentals during the 2nd quarter worth about $38,000. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

Shares of United Rentals stock opened at $951.67 on Monday. The company has a 50 day moving average of $937.56 and a 200-day moving average of $786.57. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,004.92. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. The company has a market cap of $61.23 billion, a PE ratio of 24.61, a price-to-earnings-growth ratio of 2.19 and a beta of 1.73.

United Rentals (NYSE:URI) last issued its quarterly earnings results 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 return on equity of 32.01% and a net margin of 16.11%.The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same period last year, the company posted $10.70 EPS. The business’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 research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals’s dividend payout ratio is 18.52%.

Analyst Ratings Changes

URI has been the subject of a number of recent research reports. Evercore ISI reissued an “outperform” rating on shares of United Rentals in a report on Tuesday, August 19th. Truist Financial boosted their price objective on shares of United Rentals from $952.00 to $1,194.00 and gave the company a “buy” rating in a report on Wednesday. Sanford C. Bernstein set a $1,128.00 price objective on shares of United Rentals and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Baird R W raised shares of United Rentals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Citigroup boosted their price objective on shares of United Rentals from $1,000.00 to $1,080.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $956.13.

United Rentals Company 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.