Geode Capital Management LLC Raises Position in United Rentals, Inc. $URI

Geode Capital Management LLC grew its position in shares of United Rentals, Inc. (NYSE:URI) by 0.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,641,813 shares of the construction company’s stock after acquiring an additional 2,004 shares during the period. Geode Capital Management LLC’s holdings in United Rentals were worth $1,231,647,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in URI. Sigma Planning Corp lifted its position in United Rentals by 19.9% during the 1st quarter. Sigma Planning Corp now owns 2,311 shares of the construction company’s stock valued at $1,448,000 after acquiring an additional 383 shares during the period. Apollon Wealth Management LLC boosted its position in shares of United Rentals by 11.1% during the first quarter. Apollon Wealth Management LLC now owns 1,449 shares of the construction company’s stock valued at $908,000 after buying an additional 145 shares during the last quarter. Sage Mountain Advisors LLC purchased a new position in shares of United Rentals during the first quarter valued at approximately $205,000. Larson Financial Group LLC grew its holdings in shares of United Rentals by 37.9% in the first quarter. Larson Financial Group LLC now owns 633 shares of the construction company’s stock worth $397,000 after acquiring an additional 174 shares during the period. Finally, Tectonic Advisors LLC lifted its stake in shares of United Rentals by 9.9% in the 1st quarter. Tectonic Advisors LLC now owns 1,337 shares of the construction company’s stock worth $838,000 after purchasing an additional 120 shares during the period. 96.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on URI. Bank of America lifted their price target on shares of United Rentals from $895.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Royal Bank Of Canada set a $1,123.00 target price on United Rentals in a research report on Friday, October 24th. KeyCorp restated an “overweight” rating on shares of United Rentals in a research report on Friday, October 24th. Morgan Stanley lifted their price objective on United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Finally, Argus set a $935.00 target price on shares of United Rentals in a report on Tuesday, August 12th. Two 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $974.47.

United Rentals Stock Up 0.5%

URI opened at $859.46 on Thursday. The company has a market capitalization of $54.69 billion, a PE ratio of 22.11, a price-to-earnings-growth ratio of 1.97 and a beta of 1.73. The firm has a 50-day simple moving average of $936.98 and a two-hundred day simple moving average of $837.52. 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, Inc. has a 52 week low of $525.91 and a 52 week high of $1,021.47.

United Rentals (NYSE:URI) last announced 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 net margin of 15.83% and a return on equity of 31.30%. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same period in the previous year, the company posted $11.80 earnings per share. 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. Analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

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