Vanguard Group Inc. Purchases 72,267 Shares of United Rentals, Inc. $URI

Vanguard Group Inc. raised its position in shares of United Rentals, Inc. (NYSE:URI) by 1.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,494,303 shares of the construction company’s stock after acquiring an additional 72,267 shares during the period. Vanguard Group Inc. owned approximately 0.12% of United Rentals worth $5,646,208,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in URI. JPMorgan Chase & Co. lifted its position in shares of United Rentals by 98.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company’s stock worth $685,488,000 after purchasing an additional 541,579 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in 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 worth $532,561,000 after buying an additional 190,007 shares during the period. Nordea Investment Management AB lifted its holdings in shares of United Rentals by 6.4% during the second quarter. Nordea Investment Management AB now owns 749,276 shares of the construction company’s stock worth $565,374,000 after buying an additional 44,854 shares during the last quarter. Boston Partners boosted its position in shares of United Rentals by 74.2% in the second quarter. Boston Partners now owns 713,934 shares of the construction company’s stock valued at $541,534,000 after acquiring an additional 304,062 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of United Rentals by 22.3% in the first quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company’s stock worth $414,406,000 after acquiring an additional 120,449 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Performance

NYSE URI opened at $799.86 on Wednesday. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $1,021.47. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.40. The stock has a market cap of $50.90 billion, a P/E ratio of 20.57, a PEG ratio of 1.97 and a beta of 1.74. The company’s 50-day simple moving average is $925.53 and its 200 day simple moving average is $844.02.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 earnings per share 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 company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same period in the previous year, the firm posted $11.80 earnings per share. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. As a group, research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, November 12th. United Rentals’s dividend payout ratio is 18.42%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Truist Financial set a $1,169.00 target price on shares of United Rentals in a research note on Friday, October 24th. Royal Bank Of Canada set a $1,123.00 price objective on shares of United Rentals in a report on Friday, October 24th. Citigroup reiterated a “buy” rating on shares of United Rentals in a research note on Thursday, October 23rd. BNP Paribas set a $900.00 price target on United Rentals and gave the company a “neutral” rating in a research note on Tuesday, September 16th. Finally, Robert W. Baird raised United Rentals from a “neutral” rating to an “outperform” rating and upped their price target for the company from $888.00 to $1,050.00 in a report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and a consensus target price 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.