Whittier Trust Co. Purchases 3,814 Shares of United Rentals, Inc. $URI

Whittier Trust Co. grew its position in United Rentals, Inc. (NYSE:URI) by 7.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,449 shares of the construction company’s stock after purchasing an additional 3,814 shares during the period. Whittier Trust Co. owned approximately 0.09% of United Rentals worth $44,035,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Probity Advisors Inc. lifted its holdings in shares of United Rentals by 2.6% in the second quarter. Probity Advisors Inc. now owns 1,767 shares of the construction company’s stock valued at $1,331,000 after purchasing an additional 44 shares in the last quarter. Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of 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 valued at $2,546,000 after purchasing an additional 43 shares in the last quarter. Phoenix Financial Ltd. bought a new stake in shares of United Rentals in the second quarter valued at about $1,366,000. DekaBank Deutsche Girozentrale raised its holdings in United Rentals by 0.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 27,205 shares of the construction company’s stock worth $20,471,000 after acquiring an additional 161 shares in the last quarter. Finally, Bogart Wealth LLC raised its holdings in United Rentals by 2,091.7% during the second quarter. Bogart Wealth LLC now owns 263 shares of the construction company’s stock worth $198,000 after acquiring an additional 251 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

United Rentals Price Performance

Shares of NYSE URI opened at $1,000.15 on Tuesday. The business’s 50 day moving average price is $953.51 and its two-hundred day moving average price is $802.61. The company has a market cap of $64.35 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 2.26 and a beta of 1.73. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $1,021.47.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing analysts’ consensus estimates of $10.54 by ($0.07). The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.United Rentals’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. On average, analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals’s payout ratio is 18.52%.

Wall Street Analysts Forecast Growth

URI has been the topic of several analyst reports. Sanford C. Bernstein set a $1,128.00 target price on United Rentals and gave the stock an “outperform” rating in a report on Tuesday, September 23rd. Citigroup upped their target price on United Rentals from $1,000.00 to $1,080.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Argus set a $935.00 target price on United Rentals in a report on Tuesday, August 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of United Rentals in a report on Wednesday, October 8th. Finally, Robert W. Baird upgraded United Rentals from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $888.00 to $1,050.00 in a report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, United Rentals currently has a consensus rating of “Moderate Buy” and an average target price of $954.88.

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.