United Rentals, Inc. $URI Stake Increased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. increased its stake in United Rentals, Inc. (NYSE:URI) by 3.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,338 shares of the construction company’s stock after buying an additional 876 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in United Rentals were worth $18,336,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Whittier Trust Co. increased its stake in shares of United Rentals by 7.0% in the second quarter. Whittier Trust Co. now owns 58,449 shares of the construction company’s stock worth $44,035,000 after buying an additional 3,814 shares during the last quarter. Probity Advisors Inc. boosted its holdings in United Rentals by 2.6% in the second quarter. Probity Advisors Inc. now owns 1,767 shares of the construction company’s stock worth $1,331,000 after purchasing an additional 44 shares during the period. Atlantic Edge Private Wealth Management LLC boosted its holdings in United Rentals by 1.3% in the second quarter. Atlantic Edge Private Wealth Management LLC now owns 3,379 shares of the construction company’s stock worth $2,546,000 after purchasing an additional 43 shares during the period. Phoenix Financial Ltd. acquired a new position in United Rentals in the second quarter worth $1,366,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in United Rentals by 0.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 27,205 shares of the construction company’s stock worth $20,471,000 after purchasing an additional 161 shares during the period. Institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

URI has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of United Rentals in a report on Wednesday, October 8th. BNP Paribas Exane raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price objective for the company in a report on Tuesday, September 16th. Truist Financial lifted their price objective on shares of United Rentals from $952.00 to $1,194.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Citigroup lifted their price objective on shares of United Rentals from $1,000.00 to $1,080.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Finally, Sanford C. Bernstein set a $1,128.00 price objective on shares of United Rentals and gave the stock an “outperform” rating in a report on Tuesday, September 23rd. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $954.88.

United Rentals Stock Up 2.0%

United Rentals stock opened at $1,000.15 on Tuesday. The company has a 50-day simple moving average of $953.51 and a 200-day simple moving average of $802.61. The firm has a market capitalization of $64.35 billion, a P/E ratio of 25.86, a P/E/G ratio of 2.26 and a beta of 1.73. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. United Rentals, Inc. has a one year low of $525.91 and a one year high of $1,021.47.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing the consensus estimate of $10.54 by ($0.07). The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. As a group, equities analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, August 13th. United Rentals’s dividend payout ratio is currently 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.