Ethic Inc. Grows Holdings in United Rentals, Inc. $URI

Ethic Inc. increased its holdings in United Rentals, Inc. (NYSE:URI) by 7.9% in the second quarter, Holdings Channel.com reports. The firm owned 6,274 shares of the construction company’s stock after acquiring an additional 457 shares during the period. Ethic Inc.’s holdings in United Rentals were worth $4,722,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. TruNorth Capital Management LLC boosted its stake in shares of United Rentals by 1,266.7% in the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock valued at $26,000 after purchasing an additional 38 shares in the last quarter. Maseco LLP purchased a new stake in shares of United Rentals in the 2nd quarter valued at $32,000. Flaharty Asset Management LLC purchased a new stake in shares of United Rentals in the 1st quarter valued at $30,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of United Rentals by 69.0% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock valued at $31,000 after purchasing an additional 20 shares in the last quarter. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of United Rentals in the 2nd quarter valued at $38,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Down 7.9%

Shares of NYSE URI opened at $913.32 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $1,021.47. The firm has a market capitalization of $58.76 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 2.29 and a beta of 1.73. The firm has a fifty day simple moving average of $956.19 and a two-hundred day simple moving average of $807.72.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 EPS for the quarter, missing the consensus estimate of $12.43 by ($0.73). United Rentals had a return on equity of 31.47% and a net margin of 15.83%.The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter last year, the company 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. Equities analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be issued a $1.79 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $7.16 annualized dividend and a yield of 0.8%. United Rentals’s dividend payout ratio is 18.52%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Truist Financial upped their price objective on shares of United Rentals from $952.00 to $1,194.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Baird R W upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Bank of America upped their price target on shares of United Rentals from $895.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 24th. KeyCorp upped their price target on shares of United Rentals from $1,075.00 to $1,120.00 and gave the company an “overweight” rating in a report on Thursday, September 25th. Finally, Sanford C. Bernstein set a $1,128.00 price target on shares of United Rentals and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, United Rentals has a consensus rating of “Moderate Buy” and an average target price of $966.47.

About United Rentals

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.