Verus Capital Partners LLC Purchases 182 Shares of United Rentals, Inc. $URI

Verus Capital Partners LLC boosted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 35.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 691 shares of the construction company’s stock after buying an additional 182 shares during the period. Verus Capital Partners LLC’s holdings in United Rentals were worth $521,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of United Rentals by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 7,422,036 shares of the construction company’s stock valued at $4,651,390,000 after acquiring an additional 29,501 shares during the last quarter. JPMorgan Chase & Co. raised its stake in United Rentals by 98.1% in the first quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company’s stock valued at $685,488,000 after purchasing an additional 541,579 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in United Rentals by 28.8% during the first quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company’s stock valued at $532,561,000 after purchasing an additional 190,007 shares during the last quarter. Nordea Investment Management AB grew its stake in United Rentals by 6.4% in the 2nd quarter. Nordea Investment Management AB now owns 749,276 shares of the construction company’s stock worth $565,374,000 after buying an additional 44,854 shares in the last quarter. Finally, Boston Partners grew its stake in United Rentals by 74.2% in the 2nd quarter. Boston Partners now owns 713,934 shares of the construction company’s stock worth $541,534,000 after buying an additional 304,062 shares in the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on URI shares. BNP Paribas Exane raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price objective for the company in a report on Tuesday, September 16th. Baird R W upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Evercore ISI reaffirmed an “outperform” rating on shares of United Rentals in a research note on Tuesday, August 19th. BNP Paribas set a $900.00 price objective on United Rentals and gave the company a “neutral” rating in a research report on Tuesday, September 16th. Finally, Truist Financial set a $1,169.00 price objective on United Rentals in a report on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $974.47.

United Rentals Stock Up 0.2%

URI opened at $856.24 on Wednesday. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $1,021.47. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40. The business’s 50-day moving average price is $938.70 and its 200-day moving average price is $837.36. The company has a market cap of $54.48 billion, a P/E ratio of 22.02, a P/E/G ratio of 1.97 and a beta of 1.73.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share (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 the consensus estimate of $4.16 billion. United Rentals had a return on equity of 31.30% and a net margin of 15.83%.United Rentals’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $11.80 earnings per share. United Rentals has set its FY 2025 guidance at EPS. On average, equities analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be issued 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 is currently 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.