Paradigm Asset Management Co. LLC Buys 1,700 Shares of United Rentals, Inc. $URI

Paradigm Asset Management Co. LLC increased its stake in shares of United Rentals, Inc. (NYSE:URI) by 258.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,358 shares of the construction company’s stock after purchasing an additional 1,700 shares during the period. Paradigm Asset Management Co. LLC’s holdings in United Rentals were worth $1,777,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of Jackson Hole Trust raised its position in shares of United Rentals by 12.0% in the second quarter. Bank of Jackson Hole Trust now owns 112 shares of the construction company’s stock worth $84,000 after buying an additional 12 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of United Rentals by 5.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company’s stock valued at $199,000 after acquiring an additional 13 shares during the last quarter. Cooper Financial Group grew its holdings in shares of United Rentals by 1.6% during the second quarter. Cooper Financial Group now owns 807 shares of the construction company’s stock worth $608,000 after purchasing an additional 13 shares in the last quarter. American Trust grew its holdings in shares of United Rentals by 1.1% during the first quarter. American Trust now owns 1,242 shares of the construction company’s stock worth $778,000 after purchasing an additional 14 shares in the last quarter. Finally, CX Institutional increased its position in shares of United Rentals by 2.5% in the second quarter. CX Institutional now owns 585 shares of the construction company’s stock worth $441,000 after purchasing an additional 14 shares during the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Stock Performance

NYSE URI opened at $846.21 on Friday. The company has a 50-day simple moving average of $942.78 and a two-hundred day simple moving average of $830.83. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $1,021.47. The firm has a market cap of $53.84 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 1.97 and a beta of 1.73. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.40.

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

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders 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 dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 12th. United Rentals’s dividend payout ratio is 18.42%.

Analysts Set New Price Targets

URI has been the subject of a number of research reports. Barclays cut their price target on shares of United Rentals from $620.00 to $600.00 and set an “underweight” rating for the company in a research note on Monday, October 20th. Argus set a $935.00 price objective on shares of United Rentals in a report on Tuesday, August 12th. 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. Baird R W upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of United Rentals in a research note on Tuesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, United Rentals presently has an average rating of “Moderate Buy” and an average target price of $974.47.

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.