United Rentals, Inc. $URI Stock Position Lessened by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. trimmed its holdings in shares of United Rentals, Inc. (NYSE:URI) by 40.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 337 shares of the construction company’s stock after selling 229 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in United Rentals were worth $254,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Vaughan Nelson Investment Management L.P. acquired a new position in shares of United Rentals during the 2nd quarter valued at $152,069,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of United Rentals in the second quarter valued at $298,000. Vise Technologies Inc. bought a new position in United Rentals during the second quarter valued at about $7,514,000. Symphony Financial Ltd. Co. acquired a new position in United Rentals during the second quarter worth about $29,171,000. Finally, Access Investment Management LLC bought a new stake in United Rentals in the second quarter worth about $24,021,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company began coverage on shares of United Rentals in a research report on Thursday, November 13th. They set an “overweight” rating and a $995.00 price objective for the company. Argus set a $935.00 target price on shares of United Rentals in a report on Tuesday, August 12th. Truist Financial set a $1,169.00 target price on shares of United Rentals in a report on Friday, October 24th. BNP Paribas Exane upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price target on the stock in a research report on Tuesday, September 16th. Finally, JPMorgan Chase & Co. upped 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 investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $975.61.

United Rentals Stock Performance

Shares of URI opened at $814.91 on Thursday. The company has a 50-day moving average of $907.99 and a two-hundred day moving average of $848.58. The stock has a market cap of $51.85 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 1.97 and a beta of 1.73. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84. United Rentals, Inc. has a one year low of $525.91 and a one year high of $1,021.47.

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

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were given a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, November 12th. United Rentals’s dividend payout ratio (DPR) is 18.42%.

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.