Campbell & CO Investment Adviser LLC Boosts Holdings in United Rentals, Inc. $URI

Campbell & CO Investment Adviser LLC boosted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 106.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,468 shares of the construction company’s stock after buying an additional 757 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in United Rentals were worth $1,106,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of United Rentals by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 7,422,036 shares of the construction company’s stock worth $4,651,390,000 after purchasing an additional 29,501 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in 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 purchasing an additional 541,579 shares during the period. The Manufacturers Life Insurance Company increased its position in United Rentals by 28.8% in the first quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company’s stock worth $532,561,000 after buying an additional 190,007 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of United Rentals by 6.4% in the second quarter. Nordea Investment Management AB now owns 749,276 shares of the construction company’s stock worth $565,374,000 after buying an additional 44,854 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of United Rentals by 22.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company’s stock valued at $414,406,000 after buying an additional 120,449 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Up 0.5%

Shares of URI opened at $859.46 on Thursday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84. The stock has a market capitalization of $54.69 billion, a price-to-earnings ratio of 22.11, a price-to-earnings-growth 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 business’s 50 day simple moving average is $936.98 and its 200-day simple moving average is $837.52.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing the consensus estimate of $12.43 by ($0.73). United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the prior year, the firm posted $11.80 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. As a group, equities analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be issued a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is presently 18.42%.

Analyst Upgrades and Downgrades

URI has been the subject of several analyst reports. Royal Bank Of Canada set a $1,123.00 target price on shares of United Rentals in a report on Friday, October 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of United Rentals in a research note on Wednesday, October 8th. BNP Paribas set a $900.00 target price on shares of United Rentals and gave the company a “neutral” rating in a research note on Tuesday, September 16th. UBS Group reaffirmed a “neutral” rating and issued a $1,025.00 target price on shares of United Rentals in a report on Tuesday, October 28th. Finally, JPMorgan Chase & Co. raised their price target on United Rentals from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a report on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, United Rentals has an average rating of “Moderate Buy” and an average price target of $974.47.

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.