Vanguard Group Inc. Has $5.65 Billion Stake in United Rentals, Inc. $URI

Vanguard Group Inc. raised its position in shares of United Rentals, Inc. (NYSE:URI) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,494,303 shares of the construction company’s stock after purchasing an additional 72,267 shares during the quarter. Vanguard Group Inc. owned 11.65% of United Rentals worth $5,646,208,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nuveen LLC purchased a new position in shares of United Rentals during the first quarter valued at $402,291,000. JPMorgan Chase & Co. boosted its position in United Rentals by 98.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company’s stock worth $685,488,000 after acquiring an additional 541,579 shares during the period. Boston Partners grew its stake in United Rentals by 74.2% during the 2nd quarter. Boston Partners now owns 713,934 shares of the construction company’s stock valued at $541,534,000 after acquiring an additional 304,062 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of United Rentals in the 2nd quarter valued at about $152,069,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of United Rentals by 28.8% in the first quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company’s stock worth $532,561,000 after purchasing an additional 190,007 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. JPMorgan Chase & Co. lifted their target price on shares of United Rentals from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Monday, September 22nd. Argus set a $935.00 price target on shares of United Rentals in a research note on Tuesday, August 12th. Bank of America increased their price objective on United Rentals from $895.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Finally, Baird R W upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, United Rentals has an average rating of “Moderate Buy” and a consensus price target of $975.61.

United Rentals Stock Down 0.8%

URI stock opened at $799.86 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,021.47. The company has a fifty day simple moving average of $925.53 and a 200 day simple moving average of $844.02. The firm has a market cap of $50.90 billion, a PE ratio of 20.57, a PEG ratio of 1.97 and a beta of 1.74.

United Rentals (NYSE:URI) last posted its earnings results 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 31.30% and a net margin of 15.83%.The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same period in the previous year, the company earned $11.80 earnings per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 12th. United Rentals’s dividend payout ratio (DPR) is presently 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.