Ethic Inc. Buys 457 Shares of United Rentals, Inc. $URI

Ethic Inc. boosted its stake in United Rentals, Inc. (NYSE:URI) by 7.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,274 shares of the construction company’s stock after acquiring an additional 457 shares during the period. Ethic Inc.’s holdings in United Rentals were worth $4,722,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of URI. Nuveen LLC purchased a new position in shares of United Rentals in the first quarter worth about $402,291,000. JPMorgan Chase & Co. increased its stake in shares of United Rentals by 98.1% in the first quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company’s stock worth $685,488,000 after purchasing an additional 541,579 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of United Rentals in the second quarter worth about $152,069,000. The Manufacturers Life Insurance Company increased its stake in shares of United Rentals by 28.8% in the first quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company’s stock worth $532,561,000 after purchasing an additional 190,007 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of United Rentals by 22.3% in the first quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company’s stock worth $414,406,000 after purchasing an additional 120,449 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

URI stock opened at $913.32 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. United Rentals, Inc. has a one year low of $525.91 and a one year high of $1,021.47. The stock has a market cap of $58.76 billion, a PE ratio of 23.49, a P/E/G ratio of 2.29 and a beta of 1.73. The firm has a 50 day simple moving average of $956.19 and a two-hundred day simple moving average of $807.72.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 EPS for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). United Rentals had a return on equity of 31.47% and a net margin of 15.83%.The company had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.16 billion. During the same period in the prior year, the firm earned $11.80 EPS. United Rentals’s quarterly revenue was up 5.9% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. On average, analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 12th. United Rentals’s payout ratio is currently 18.52%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. UBS Group lifted their target price on shares of United Rentals from $780.00 to $835.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Robert W. Baird raised shares of United Rentals from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $888.00 to $1,050.00 in a research note on Wednesday, October 1st. Evercore ISI reaffirmed an “outperform” rating on shares of United Rentals in a research note on Tuesday, August 19th. Sanford C. Bernstein set a $1,128.00 price objective on shares of United Rentals and gave the company an “outperform” rating in a research note on Tuesday, September 23rd. Finally, Barclays reduced their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $966.47.

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.