Verdence Capital Advisors LLC Buys 929 Shares of United Rentals, Inc. $URI

Verdence Capital Advisors LLC grew its stake in United Rentals, Inc. (NYSE:URI) by 13.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,086 shares of the construction company’s stock after acquiring an additional 929 shares during the quarter. Verdence Capital Advisors LLC’s holdings in United Rentals were worth $6,092,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in URI. Nuveen LLC bought a new stake in United Rentals in the first quarter worth $402,291,000. JPMorgan Chase & Co. boosted its holdings in United Rentals by 98.1% in the first quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company’s stock worth $685,488,000 after acquiring an additional 541,579 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in United Rentals in the second quarter worth $152,069,000. The Manufacturers Life Insurance Company lifted 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 purchasing an additional 190,007 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted 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 purchasing an additional 120,449 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Down 2.9%

URI stock opened at $951.67 on Monday. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,004.92. The business’s 50-day moving average is $937.56 and its two-hundred day moving average is $786.57. 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 company has a market cap of $61.23 billion, a price-to-earnings ratio of 24.61, a P/E/G ratio of 2.19 and a beta of 1.73.

United Rentals (NYSE:URI) last posted its 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 net margin of 16.11% and a return on equity of 32.01%. The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.90 billion. During the same period in the prior year, the company posted $10.70 EPS. The firm’s revenue was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. As a group, analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were paid a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is 18.52%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. UBS Group upped their price target on United Rentals from $780.00 to $835.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Morgan Stanley upped their price target on United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Argus set a $935.00 price target on United Rentals in a report on Tuesday, August 12th. BNP Paribas Exane raised United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price target on the stock in a report on Tuesday, September 16th. Finally, BNP Paribas set a $900.00 price target on United Rentals and gave the company a “neutral” rating in a report on Tuesday, September 16th. Two research 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 company’s stock. According to data from MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and an average target price 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.