Richards Merrill & Peterson Inc. Boosts Stake in United Rentals, Inc. $URI

Richards Merrill & Peterson Inc. raised its holdings in United Rentals, Inc. (NYSE:URI) by 21.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 393 shares of the construction company’s stock after acquiring an additional 70 shares during the period. Richards Merrill & Peterson Inc.’s holdings in United Rentals were worth $296,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of United Rentals by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 7,422,036 shares of the construction company’s stock valued at $4,651,390,000 after acquiring an additional 29,501 shares during the last quarter. JPMorgan Chase & Co. raised its position in United Rentals by 98.1% in the first quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company’s stock valued at $685,488,000 after purchasing an additional 541,579 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of United Rentals by 28.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company’s stock valued at $532,561,000 after purchasing an additional 190,007 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of United Rentals by 6.4% during the 2nd quarter. Nordea Investment Management AB now owns 749,276 shares of the construction company’s stock worth $565,374,000 after purchasing an additional 44,854 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of United Rentals by 22.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company’s stock worth $414,406,000 after purchasing an additional 120,449 shares during the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on URI shares. Citigroup reiterated a “buy” rating on shares of United Rentals in a research report on Thursday. JPMorgan Chase & Co. lifted their price objective on United Rentals from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Monday, September 22nd. 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 note on Monday. Robert W. Baird upgraded shares of United Rentals from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $888.00 to $1,050.00 in a research note on Wednesday, October 1st. Finally, Evercore ISI reissued an “outperform” rating on shares of United Rentals in a research note on Tuesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $963.29.

United Rentals Price Performance

United Rentals stock opened at $914.17 on Friday. The stock has a market cap of $58.17 billion, a P/E ratio of 23.51, a price-to-earnings-growth ratio of 2.11 and a beta of 1.73. The company has a fifty day simple moving average of $956.27 and a 200-day simple moving average of $810.23. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 1.40. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $1,021.47.

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 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 analyst estimates of $4.16 billion. During the same period last year, the business posted $11.80 EPS. United Rentals’s revenue was up 5.9% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. Equities analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

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

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.