V Square Quantitative Management LLC Decreases Stock Position in United Rentals, Inc. $URI

V Square Quantitative Management LLC trimmed its position in United Rentals, Inc. (NYSE:URI) by 31.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,819 shares of the construction company’s stock after selling 818 shares during the period. V Square Quantitative Management LLC’s holdings in United Rentals were worth $1,370,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in United Rentals by 0.4% in 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 purchasing an additional 29,501 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in United Rentals by 98.1% in the 1st 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 in the last quarter. The Manufacturers Life Insurance Company lifted its holdings 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 valued at $532,561,000 after purchasing an additional 190,007 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in United Rentals by 22.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company’s stock valued at $414,406,000 after purchasing an additional 120,449 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in United Rentals by 0.8% in the 1st quarter. Northern Trust Corp now owns 661,166 shares of the construction company’s stock valued at $414,353,000 after purchasing an additional 5,113 shares in the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

URI has been the subject of a number of research analyst reports. Argus set a $935.00 price objective on shares of United Rentals in a research note on Tuesday, August 12th. BNP Paribas set a $900.00 price objective on shares of United Rentals and gave the company a “neutral” rating in a research note on Tuesday, September 16th. 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 research note on Tuesday, September 16th. KeyCorp increased their target price on shares of United Rentals from $1,075.00 to $1,120.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Redburn Atlantic downgraded shares of United Rentals from a “buy” rating to a “neutral” rating and set a $760.00 target price for the company. in a research report on Friday, June 13th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, United Rentals currently has an average rating of “Moderate Buy” and an average price target of $911.06.

United Rentals Stock Up 1.7%

NYSE URI opened at $947.47 on Monday. The stock has a market cap of $60.96 billion, a PE ratio of 24.50, a P/E/G ratio of 2.19 and a beta of 1.72. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $980.53. The business has a 50 day moving average price of $913.99 and a two-hundred day moving average price of $762.86. 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 (NYSE:URI) last released 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 company had revenue of $3.94 billion during 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 firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced 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%.

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.