Chevy Chase Trust Holdings LLC raised its stake in United Rentals, Inc. (NYSE:URI – Free Report) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,645 shares of the construction company’s stock after acquiring an additional 203 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of United Rentals worth $26,102,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in United Rentals by 5.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company’s stock worth $199,000 after buying an additional 13 shares in the last quarter. Cooper Financial Group boosted its stake in shares of United Rentals by 1.6% during the 2nd quarter. Cooper Financial Group now owns 807 shares of the construction company’s stock worth $608,000 after acquiring an additional 13 shares in the last quarter. American Trust grew its position in shares of United Rentals by 1.1% during the 1st quarter. American Trust now owns 1,242 shares of the construction company’s stock valued at $778,000 after acquiring an additional 14 shares during the period. CX Institutional increased its stake in shares of United Rentals by 2.5% in the 2nd quarter. CX Institutional now owns 585 shares of the construction company’s stock valued at $441,000 after purchasing an additional 14 shares in the last quarter. Finally, Leavell Investment Management Inc. raised its holdings in United Rentals by 3.6% in the 1st quarter. Leavell Investment Management Inc. now owns 515 shares of the construction company’s stock worth $323,000 after purchasing an additional 18 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.
Wall Street Analyst Weigh In
URI has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of United Rentals in a report on Wednesday, October 8th. Truist Financial lifted their price target 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. KeyCorp upped their price objective on shares of United Rentals from $1,075.00 to $1,120.00 and gave the stock an “overweight” rating in a research report on Thursday, September 25th. BNP Paribas Exane upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 target price on the stock in a research report on Tuesday, September 16th. Finally, BNP Paribas set a $900.00 target price on shares of United Rentals and gave the stock a “neutral” rating in a research note on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $956.13.
United Rentals Trading Down 2.6%
Shares of URI opened at $979.96 on Friday. 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 $63.05 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 2.32 and a beta of 1.73. The firm’s fifty day moving average is $950.90 and its two-hundred day moving average is $797.07. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34.
United Rentals (NYSE:URI – Get Free Report) last posted its quarterly earnings results 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 business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. 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 declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were given a $1.79 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.7%. United Rentals’s dividend payout ratio is 18.52%.
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.
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