Asset Management One Co. Ltd. Buys 1,820 Shares of United Rentals, Inc. $URI

Asset Management One Co. Ltd. increased its stake in United Rentals, Inc. (NYSE:URI) by 4.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 40,418 shares of the construction company’s stock after acquiring an additional 1,820 shares during the period. Asset Management One Co. Ltd.’s holdings in United Rentals were worth $30,451,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of URI. TruNorth Capital Management LLC raised its position 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 purchasing an additional 38 shares during the last quarter. Flaharty Asset Management LLC acquired a new position in shares of United Rentals in the 1st quarter valued at $30,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of United Rentals by 69.0% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock valued at $31,000 after buying an additional 20 shares during the period. Maseco LLP acquired a new position in shares of United Rentals in the 2nd quarter valued at $32,000. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of United Rentals in the 2nd quarter valued at $38,000. Institutional investors own 96.26% of the company’s stock.

United Rentals Trading Down 0.0%

Shares of NYSE:URI opened at $914.17 on Friday. The company’s 50-day moving average price is $956.27 and its two-hundred day moving average price is $810.23. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.80. United Rentals, Inc. has a one year low of $525.91 and a one year high of $1,021.47. The stock has a market capitalization of $58.17 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 2.11 and a beta of 1.73.

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 return on equity of 31.30% and a net margin of 15.83%.The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same period last year, the firm earned $11.80 earnings per share. The company’s quarterly 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 analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 12th. United Rentals’s dividend payout ratio is presently 18.52%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on URI shares. UBS Group boosted their price target on shares of United Rentals from $780.00 to $835.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. BNP Paribas set a $900.00 price target on shares of United Rentals and gave the company a “neutral” rating in a report on Tuesday, September 16th. Morgan Stanley boosted their price objective on shares of United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. BNP Paribas Exane raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price objective on the stock in a research report on Tuesday, September 16th. Finally, Citigroup reaffirmed a “buy” rating on shares of United Rentals in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $963.29.

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.