Hudson Edge Investment Partners Inc. Acquires 887 Shares of United Rentals, Inc. $URI

Hudson Edge Investment Partners Inc. lifted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 9.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 10,785 shares of the construction company’s stock after buying an additional 887 shares during the period. United Rentals accounts for approximately 1.4% of Hudson Edge Investment Partners Inc.’s holdings, making the stock its 10th largest holding. Hudson Edge Investment Partners Inc.’s holdings in United Rentals were worth $8,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC raised its position in 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. Fourth Dimension Wealth LLC purchased a new stake in shares of United Rentals during the first quarter worth about $26,000. Maseco LLP acquired a new position in shares of United Rentals during the 2nd quarter worth about $32,000. Flaharty Asset Management LLC acquired a new stake in United Rentals in the 1st quarter worth about $30,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of United Rentals by 69.0% in 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 last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Trading Up 1.4%

NYSE URI opened at $976.71 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80. The stock has a market capitalization of $62.84 billion, a P/E ratio of 25.26, a PEG ratio of 2.23 and a beta of 1.73. The firm’s 50-day moving average is $925.81 and its two-hundred day moving average is $770.23. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $980.53.

United Rentals (NYSE:URI) last announced 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). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same quarter in the prior year, the business earned $10.70 earnings per share. United Rentals’s revenue was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. On average, 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 declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, August 13th. United Rentals’s dividend payout ratio (DPR) is currently 18.52%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. KeyCorp increased their price objective on United Rentals from $1,075.00 to $1,120.00 and gave the company an “overweight” rating in a research note on Thursday, September 25th. Argus set a $935.00 price target on shares of United Rentals in a research report on Tuesday, August 12th. Sanford C. Bernstein set a $1,128.00 price objective on shares of United Rentals and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Robert W. Baird raised shares of United Rentals from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $888.00 to $1,050.00 in a research note on Wednesday. Finally, UBS Group upped their price target on United Rentals from $780.00 to $835.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $941.00.

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.