30,355 Shares in United Rentals, Inc. $URI Bought by Jennison Associates LLC

Jennison Associates LLC acquired a new stake in United Rentals, Inc. (NYSE:URI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 30,355 shares of the construction company’s stock, valued at approximately $22,869,000.

A number of other large investors also recently bought and sold shares of URI. Nuveen LLC purchased a new stake in shares of United Rentals in the first quarter valued at about $402,291,000. JPMorgan Chase & Co. lifted its position in United Rentals by 98.1% in the first 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 during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in United Rentals in the 2nd quarter valued at approximately $152,069,000. The Manufacturers Life Insurance Company raised its stake in shares of United Rentals by 28.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company’s stock worth $532,561,000 after buying an additional 190,007 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of United Rentals by 4,436.8% during the 2nd quarter. Bessemer Group Inc. now owns 163,552 shares of the construction company’s stock worth $123,221,000 after buying an additional 159,947 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

URI has been the topic of a number of recent analyst reports. Argus set a $935.00 price objective on United Rentals in a report on Tuesday, August 12th. Citigroup restated a “buy” rating on shares of United Rentals in a research report on Thursday, October 23rd. UBS Group reiterated a “neutral” rating and issued a $1,025.00 price target on shares of United Rentals in a report on Tuesday. BNP Paribas Exane upgraded 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. Finally, Morgan Stanley upped their target price on shares of United Rentals from $702.00 to $955.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $974.47.

United Rentals Price Performance

Shares of NYSE URI opened at $859.13 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40. The company’s 50-day moving average price is $953.97 and its 200 day moving average price is $819.82. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $1,021.47. The stock has a market cap of $54.67 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 1.97 and a beta of 1.73.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.16 billion. United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $11.80 EPS. United Rentals has set its FY 2025 guidance at EPS. As a group, research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, November 12th. United Rentals’s dividend payout ratio is 18.42%.

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.