Bessemer Group Inc. Increases Stock Position in United Rentals, Inc. $URI

Bessemer Group Inc. raised its position in shares of United Rentals, Inc. (NYSE:URI) by 4,436.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 163,552 shares of the construction company’s stock after buying an additional 159,947 shares during the quarter. Bessemer Group Inc. owned about 0.25% of United Rentals worth $123,221,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. TruNorth Capital Management LLC lifted its position in United Rentals by 1,266.7% during the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock valued at $26,000 after buying an additional 38 shares during the period. Flaharty Asset Management LLC purchased a new position in United Rentals during the first quarter valued at $30,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in United Rentals by 69.0% during the first 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 purchased a new position in shares of United Rentals in the 2nd quarter worth about $32,000. Finally, Trust Co. of Toledo NA OH purchased a new position in shares of United Rentals in the 2nd quarter worth about $38,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada set a $1,123.00 price target on United Rentals in a research report on Friday. Morgan Stanley lifted their price target on United Rentals from $702.00 to $955.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Truist Financial set a $1,169.00 price target on United Rentals in a research report on Friday. Baird R W raised United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Sanford C. Bernstein set a $1,128.00 price target on United Rentals and gave the stock an “outperform” rating in a research report on Tuesday, September 23rd. Two equities research 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $963.29.

United Rentals Price Performance

Shares of NYSE:URI opened at $900.18 on Tuesday. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,021.47. The business has a 50-day simple moving average of $955.98 and a two-hundred day simple moving average of $815.45. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90. The firm has a market cap of $57.28 billion, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 2.05 and a beta of 1.73.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $4.16 billion. During the same period last year, the firm posted $11.80 EPS. United Rentals’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, analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

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

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.