EFG Asset Management Americas Corp. Takes $3.49 Million Position in United Rentals, Inc. $URI

EFG Asset Management Americas Corp. acquired a new stake in shares of United Rentals, Inc. (NYSE:URI) in the second quarter, HoldingsChannel.com reports. The firm acquired 4,628 shares of the construction company’s stock, valued at approximately $3,487,000.

Other institutional investors have also recently made changes to their positions in the company. Bank of Jackson Hole Trust lifted its holdings in shares of United Rentals by 12.0% during the second quarter. Bank of Jackson Hole Trust now owns 112 shares of the construction company’s stock valued at $84,000 after purchasing an additional 12 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in United Rentals by 5.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company’s stock worth $199,000 after buying an additional 13 shares during the last quarter. Cooper Financial Group lifted its stake in United Rentals by 1.6% during the 2nd quarter. Cooper Financial Group now owns 807 shares of the construction company’s stock valued at $608,000 after acquiring an additional 13 shares during the period. American Trust boosted its holdings in shares of United Rentals by 1.1% during the 1st quarter. American Trust now owns 1,242 shares of the construction company’s stock valued at $778,000 after acquiring an additional 14 shares during the last quarter. Finally, CX Institutional grew its stake in shares of United Rentals by 2.5% in the second quarter. CX Institutional now owns 585 shares of the construction company’s stock worth $441,000 after acquiring an additional 14 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Down 1.0%

Shares of URI stock opened at $792.49 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. United Rentals, Inc. has a one year low of $525.91 and a one year high of $1,021.47. The company’s fifty day moving average price is $922.49 and its 200-day moving average price is $843.66. The company has a market capitalization of $50.43 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 1.97 and a beta of 1.74.

United Rentals (NYSE:URI) last issued its quarterly 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). The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.16 billion. United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $11.80 EPS. United Rentals has set its FY 2025 guidance at EPS. Sell-side analysts expect that United Rentals, Inc. will post 44.8 EPS 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. 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 0.9%. United Rentals’s dividend payout ratio (DPR) is 18.42%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on URI shares. UBS Group restated a “neutral” rating and set a $1,025.00 price objective on shares of United Rentals in a research report on Tuesday, October 28th. Baird R W upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Royal Bank Of Canada set a $1,123.00 price objective on United Rentals in a report on Friday, October 24th. Bank of America raised their target price on United Rentals from $895.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of United Rentals in a research note on Wednesday, October 8th. Two equities 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 company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $975.61.

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.