Public Employees Retirement System of Ohio Increases Stake in United Rentals, Inc. $URI

Public Employees Retirement System of Ohio boosted its position in United Rentals, Inc. (NYSE:URI) by 33.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,514 shares of the construction company’s stock after acquiring an additional 7,394 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in United Rentals were worth $22,236,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC raised its holdings in shares of United Rentals by 32.9% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 2,220 shares of the construction company’s stock valued at $1,391,000 after purchasing an additional 550 shares in the last quarter. Dynamic Advisor Solutions LLC purchased a new position in United Rentals in the first quarter valued at $602,000. Wealth Enhancement Advisory Services LLC increased its holdings in United Rentals by 12.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,160 shares of the construction company’s stock valued at $4,488,000 after buying an additional 789 shares during the last quarter. Farther Finance Advisors LLC raised its stake in United Rentals by 101.6% in the first quarter. Farther Finance Advisors LLC now owns 859 shares of the construction company’s stock valued at $543,000 after buying an additional 433 shares in the last quarter. Finally, Brookwood Investment Group LLC purchased a new stake in United Rentals during the 1st quarter worth about $2,966,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Trading Down 0.6%

NYSE URI opened at $929.81 on Friday. United Rentals, Inc. has a one year low of $525.91 and a one year high of $980.53. The firm has a market cap of $59.82 billion, a PE ratio of 24.04, a P/E/G ratio of 2.16 and a beta of 1.72. The firm’s fifty day moving average is $911.21 and its two-hundred day moving average is $758.24. 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 (NYSE:URI) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.54 by ($0.07). The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. 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 declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Wednesday, August 13th. United Rentals’s dividend payout ratio is 18.52%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Truist Financial increased their price objective on United Rentals from $786.00 to $952.00 and gave the company a “buy” rating in a report on Friday, July 25th. KeyCorp raised their price objective on shares of United Rentals from $1,075.00 to $1,120.00 and gave the stock an “overweight” rating in a report on Thursday. Argus set a $935.00 target price on shares of United Rentals in a research report on Tuesday, August 12th. UBS Group boosted their price target on shares of United Rentals from $780.00 to $835.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Finally, Barclays upped their price objective on shares of United Rentals from $565.00 to $620.00 and gave the company an “underweight” rating in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, United Rentals has an average rating of “Moderate Buy” and an average price target of $911.06.

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.