324 Shares in United Rentals, Inc. $URI Acquired by Perennial Investment Advisors LLC

Perennial Investment Advisors LLC bought a new stake in shares of United Rentals, Inc. (NYSE:URI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 324 shares of the construction company’s stock, valued at approximately $244,000.

A number of other large investors have also recently bought and sold shares of URI. Nuveen LLC acquired a new position in shares of United Rentals in the 1st quarter valued at approximately $402,291,000. JPMorgan Chase & Co. boosted its stake in shares of United Rentals by 98.1% in the 1st 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. Boston Partners grew its holdings in shares of United Rentals by 74.2% during the 2nd quarter. Boston Partners now owns 713,934 shares of the construction company’s stock valued at $541,534,000 after purchasing an additional 304,062 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in United Rentals during the 2nd quarter worth approximately $152,069,000. Finally, The Manufacturers Life Insurance Company lifted its stake in United Rentals by 28.8% in the 1st 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. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on URI shares. KeyCorp reaffirmed an “overweight” rating on shares of United Rentals in a report on Friday, October 24th. Morgan Stanley lifted 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. JPMorgan Chase & Co. upped their price target on shares of United Rentals from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Monday, September 22nd. Royal Bank Of Canada set a $1,123.00 price target on shares of United Rentals in a research note on Friday, October 24th. Finally, Wells Fargo & Company assumed coverage on United Rentals in a research note on Thursday, November 13th. They issued an “overweight” rating and a $995.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $975.61.

United Rentals Trading Down 1.0%

URI opened at $792.49 on Thursday. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,021.47. The firm has a market capitalization of $50.43 billion, a PE ratio of 20.38, a P/E/G ratio of 1.97 and a beta of 1.74. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84. The company’s 50-day moving average is $922.49 and its 200 day moving average is $843.66.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 EPS for the quarter, missing the consensus estimate of $12.43 by ($0.73). United Rentals had a return on equity of 31.30% 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 last year, the company earned $11.80 earnings per share. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. As a group, research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal 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. The ex-dividend date is Wednesday, November 12th. This represents a $7.16 annualized dividend and a yield of 0.9%. United Rentals’s payout ratio is 18.42%.

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.