United Rentals, Inc. $URI Stake Lifted by Prudential PLC

Prudential PLC boosted its stake in United Rentals, Inc. (NYSE:URI) by 44.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 31,850 shares of the construction company’s stock after purchasing an additional 9,786 shares during the period. Prudential PLC’s holdings in United Rentals were worth $23,996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of URI. Maseco LLP acquired a new stake in shares of United Rentals in the 2nd quarter worth about $32,000. Flaharty Asset Management LLC bought a new position in United Rentals in the 1st quarter worth about $30,000. Trust Co. of Toledo NA OH bought a new position in United Rentals in the 2nd quarter worth about $38,000. Hantz Financial Services Inc. increased its stake in shares of United Rentals by 103.7% in the second quarter. Hantz Financial Services Inc. now owns 55 shares of the construction company’s stock valued at $42,000 after purchasing an additional 28 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of United Rentals by 560.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 66 shares of the construction company’s stock valued at $41,000 after buying an additional 56 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on URI. Barclays reduced their price objective on United Rentals from $620.00 to $600.00 and set an “underweight” rating for the company in a research report on Monday, October 20th. Robert W. Baird upgraded United Rentals from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $888.00 to $1,050.00 in a research report on Wednesday, October 1st. JPMorgan Chase & Co. raised their price target on United Rentals from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a report on Monday, September 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of United Rentals in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada set a $1,123.00 target price on shares of United Rentals in a research report on Friday, October 24th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $975.61.

United Rentals Trading Down 1.0%

Shares of United Rentals stock opened at $792.49 on Thursday. The business has a fifty day simple moving average of $922.49 and a 200-day simple moving average of $843.66. 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 cap of $50.43 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 1.97 and a beta of 1.74. 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 (NYSE:URI) last issued its quarterly earnings results 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 business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter last year, the firm posted $11.80 earnings per share. United Rentals’s revenue was up 5.9% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. On average, equities analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 0.9%. United Rentals’s dividend payout ratio is currently 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.