Findlay Park Partners LLP Reduces Stock Position in United Rentals, Inc. $URI

Findlay Park Partners LLP decreased its holdings in United Rentals, Inc. (NYSE:URI) by 3.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 227,436 shares of the construction company’s stock after selling 8,100 shares during the period. United Rentals comprises approximately 1.8% of Findlay Park Partners LLP’s holdings, making the stock its 24th largest holding. Findlay Park Partners LLP’s holdings in United Rentals were worth $171,350,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in United Rentals by 71.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,874,127 shares of the construction company’s stock valued at $1,411,968,000 after buying an additional 780,322 shares in the last quarter. Nuveen LLC purchased a new position in shares of United Rentals during the first quarter worth approximately $402,291,000. Boston Partners raised its stake in shares of United Rentals by 74.5% during the second quarter. Boston Partners now owns 715,250 shares of the construction company’s stock valued at $542,526,000 after acquiring an additional 305,378 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of United Rentals in the second quarter valued at approximately $152,069,000. Finally, The Manufacturers Life Insurance Company grew its stake in United Rentals by 28.8% in the first quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company’s stock worth $532,561,000 after purchasing an additional 190,007 shares in the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Price 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 company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.40. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $1,021.47. The company has a market cap of $51.85 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 1.97 and a beta of 1.73.

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

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors 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 presently 18.42%.

Wall Street Analyst Weigh In

URI has been the topic of a number of recent research reports. Citigroup reissued a “buy” rating on shares of United Rentals in a research report on Thursday, October 23rd. KeyCorp reaffirmed an “overweight” rating on shares of United Rentals in a research note on Friday, October 24th. BNP Paribas set a $900.00 target price on shares of United Rentals and gave the stock a “neutral” rating in a report on Tuesday, September 16th. BNP Paribas Exane upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price target for the company in a report on Tuesday, September 16th. 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 given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $975.61.

United Rentals 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.