Vanguard Personalized Indexing Management LLC Has $8.56 Million Stake in United Rentals, Inc. $URI

Vanguard Personalized Indexing Management LLC increased its stake in shares of United Rentals, Inc. (NYSE:URI) by 15.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,361 shares of the construction company’s stock after acquiring an additional 1,549 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in United Rentals were worth $8,561,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in URI. Fourth Dimension Wealth LLC acquired a new stake in shares of United Rentals during the first quarter worth $26,000. TruNorth Capital Management LLC raised its holdings in shares of United Rentals by 1,266.7% during the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock worth $26,000 after acquiring an additional 38 shares during the period. Flaharty Asset Management LLC acquired a new stake in shares of United Rentals during the first quarter worth $30,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of United Rentals by 69.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock worth $31,000 after acquiring an additional 20 shares during the period. Finally, Maseco LLP acquired a new stake in shares of United Rentals during the second quarter worth $32,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

URI has been the topic of a number of research analyst reports. Morgan Stanley raised their price objective on shares of United Rentals from $702.00 to $955.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. BNP Paribas set a $900.00 price target on shares of United Rentals and gave the company a “neutral” rating in a research note on Tuesday, September 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of United Rentals in a research note on Wednesday, October 8th. UBS Group lifted their price target on shares of United Rentals from $780.00 to $835.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Finally, Bank of America lifted their price target on shares of United Rentals from $895.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $956.13.

United Rentals Stock Down 2.9%

United Rentals stock opened at $951.67 on Monday. The firm has a market capitalization of $61.23 billion, a PE ratio of 24.61, a P/E/G ratio of 2.19 and a beta of 1.73. The company’s 50-day moving average is $937.56 and its 200-day moving average is $786.57. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,004.92. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 earnings per share 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 analyst estimates 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 for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Wednesday, August 13th. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. United Rentals’s 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.