DekaBank Deutsche Girozentrale Boosts Stock Position in United Rentals, Inc. $URI

DekaBank Deutsche Girozentrale grew its stake in shares of United Rentals, Inc. (NYSE:URI) by 0.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 27,205 shares of the construction company’s stock after buying an additional 161 shares during the period. DekaBank Deutsche Girozentrale’s holdings in United Rentals were worth $20,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in URI. Fourth Dimension Wealth LLC purchased a new stake in shares of United Rentals during the first quarter worth $26,000. TruNorth Capital Management LLC lifted its position in shares of 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 in the last quarter. Flaharty Asset Management LLC purchased a new stake in shares of United Rentals during the first quarter worth $30,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of United Rentals by 69.0% during 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 in the last quarter. Finally, Maseco LLP purchased a new stake in shares of United Rentals during the second quarter worth $32,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

URI has been the topic of a number of recent analyst reports. Barclays lowered their price objective on United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a research report on Monday. Argus set a $935.00 price objective on United Rentals in a research report on Tuesday, August 12th. BNP Paribas set a $900.00 price objective on United Rentals and gave the stock a “neutral” rating in a research report on Tuesday, September 16th. Royal Bank Of Canada initiated coverage on United Rentals in a research report on Wednesday. They issued an “outperform” rating and a $1,152.00 price objective on the stock. Finally, BNP Paribas Exane upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price objective on the stock in a research report on Tuesday, September 16th. Two research 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $966.47.

United Rentals Stock Down 1.3%

Shares of NYSE:URI opened at $989.61 on Thursday. The stock’s 50-day moving average price is $956.38 and its 200-day moving average price is $805.28. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $1,021.47. The stock has a market capitalization of $63.67 billion, a P/E ratio of 25.59, a price-to-earnings-growth ratio of 2.31 and a beta of 1.73. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. During the same period in the prior year, the firm earned $11.80 EPS. United Rentals’s revenue for the quarter was up 5.9% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

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 0.7%. The ex-dividend date of this dividend is Wednesday, November 12th. United Rentals’s dividend payout ratio (DPR) is 18.52%.

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.