Access Investment Management LLC Takes Position in United Rentals, Inc. $URI

Access Investment Management LLC acquired a new position in shares of United Rentals, Inc. (NYSE:URI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 31,883 shares of the construction company’s stock, valued at approximately $24,021,000. United Rentals comprises about 6.8% of Access Investment Management LLC’s investment portfolio, making the stock its 2nd largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in URI. Teacher Retirement System of Texas boosted its holdings in shares of United Rentals by 18.7% in the first quarter. Teacher Retirement System of Texas now owns 9,598 shares of the construction company’s stock valued at $6,015,000 after acquiring an additional 1,515 shares in the last quarter. Mutual Advisors LLC raised its position in United Rentals by 63.0% in the first quarter. Mutual Advisors LLC now owns 507 shares of the construction company’s stock worth $321,000 after acquiring an additional 196 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in shares of United Rentals by 46.9% during the 1st quarter. OneDigital Investment Advisors LLC now owns 1,009 shares of the construction company’s stock worth $632,000 after purchasing an additional 322 shares during the period. IFM Investors Pty Ltd lifted its stake in shares of United Rentals by 8.2% in the first quarter. IFM Investors Pty Ltd now owns 14,578 shares of the construction company’s stock valued at $9,136,000 after purchasing an additional 1,099 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in United Rentals during the first quarter worth about $226,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Citigroup reiterated a “buy” rating on shares of United Rentals in a research report on Thursday, October 23rd. Argus set a $935.00 target price on United Rentals in a research report on Tuesday, August 12th. BNP Paribas set a $900.00 price target on United Rentals and gave the company a “neutral” rating in a research report on Tuesday, September 16th. UBS Group reissued a “neutral” rating and issued a $1,025.00 price objective on shares of United Rentals in a research note on Tuesday, October 28th. Finally, Baird R W raised shares of 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, twelve have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and an average target price of $974.47.

United Rentals Stock Performance

United Rentals stock opened at $873.07 on Monday. The company has a market cap of $55.55 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 1.97 and a beta of 1.73. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $1,021.47. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84. The stock’s 50-day moving average is $952.84 and its 200-day moving average is $824.99.

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

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be paid 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 (DPR) is 18.42%.

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.