Vestmark Advisory Solutions Inc. Acquires New Shares in United Rentals, Inc. $URI

Vestmark Advisory Solutions Inc. purchased a new stake in shares of United Rentals, Inc. (NYSE:URI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,526 shares of the construction company’s stock, valued at approximately $1,903,000.

Other institutional investors have also modified their holdings of the company. TruNorth Capital Management LLC grew its holdings in United Rentals by 1,266.7% in the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock worth $26,000 after buying an additional 38 shares in the last quarter. Flaharty Asset Management LLC bought a new stake in United Rentals during the 1st quarter valued at $30,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in United Rentals by 69.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock worth $31,000 after acquiring an additional 20 shares during the period. Maseco LLP bought a new position in shares of United Rentals in the second quarter worth $32,000. Finally, Trust Co. of Toledo NA OH bought a new position in shares of United Rentals in the second quarter worth $38,000. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

Shares of URI stock opened at $846.21 on Monday. The company has a market capitalization of $53.84 billion, a price-to-earnings ratio of 21.76, a P/E/G ratio of 1.97 and a beta of 1.73. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40. The stock’s fifty day simple moving average is $942.78 and its 200-day simple moving average is $834.34.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same period last year, the business earned $11.80 EPS. The company’s quarterly revenue was up 5.9% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 12th. United Rentals’s dividend payout ratio is presently 18.42%.

Analyst Ratings Changes

URI has been the subject of several research analyst reports. Citigroup reaffirmed a “buy” rating on shares of United Rentals in a report on Thursday, October 23rd. JPMorgan Chase & Co. raised their target price on shares of United Rentals from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Monday, September 22nd. BNP Paribas set a $900.00 price target on shares of United Rentals and gave the stock a “neutral” rating in a research note on Tuesday, September 16th. Argus set a $935.00 price objective on shares of United Rentals in a report on Tuesday, August 12th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of United Rentals in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $974.47.

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.