F m Investments LLC Has $7.82 Million Holdings in United Rentals, Inc. $URI

F m Investments LLC increased its stake in shares of United Rentals, Inc. (NYSE:URI) by 9.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,375 shares of the construction company’s stock after purchasing an additional 922 shares during the quarter. F m Investments LLC’s holdings in United Rentals were worth $7,817,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Assetmark Inc. grew its position in shares of United Rentals by 2.1% during the 1st quarter. Assetmark Inc. now owns 1,533 shares of the construction company’s stock worth $961,000 after buying an additional 31 shares during the period. Mackenzie Financial Corp raised its holdings in United Rentals by 2.0% during the first quarter. Mackenzie Financial Corp now owns 29,768 shares of the construction company’s stock worth $18,656,000 after acquiring an additional 586 shares in the last quarter. Foundations Investment Advisors LLC grew its stake in shares of United Rentals by 14.1% in the first quarter. Foundations Investment Advisors LLC now owns 817 shares of the construction company’s stock valued at $512,000 after buying an additional 101 shares in the last quarter. Meeder Asset Management Inc. increased its position in United Rentals by 263.4% during the first quarter. Meeder Asset Management Inc. now owns 149 shares of the construction company’s stock worth $93,000 after buying an additional 108 shares during the last quarter. Finally, XTX Topco Ltd raised its stake in United Rentals by 107.4% in the 1st quarter. XTX Topco Ltd now owns 3,399 shares of the construction company’s stock valued at $2,130,000 after acquiring an additional 1,760 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on URI. Evercore ISI reissued an “outperform” rating on shares of United Rentals in a research report on Tuesday, August 19th. Barclays decreased their target price on United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a research report on Monday, October 20th. Citigroup restated a “buy” rating on shares of United Rentals in a research note on Thursday, October 23rd. UBS Group reiterated a “neutral” rating and set a $1,025.00 price objective on shares of United Rentals in a research report on Tuesday, October 28th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of 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 equities research 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 issued a Sell rating to the stock. According to data from MarketBeat.com, United Rentals currently has a consensus rating of “Moderate Buy” and an average price target of $975.61.

United Rentals Trading Up 0.6%

Shares of URI opened at $814.91 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $1,021.47. The firm 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 business’s fifty day moving average is $905.43 and its 200-day moving average is $848.35.

United Rentals (NYSE:URI) last released its 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). United Rentals had a net margin of 15.83% and a return on equity of 31.30%. 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 earned $11.80 EPS. The business’s revenue was up 5.9% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. Equities analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were given a dividend of $1.79 per share. The ex-dividend date was Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a yield of 0.9%. United Rentals’s payout ratio is currently 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.