Empowered Funds LLC Takes $19.48 Million Position in United Rentals, Inc. $URI

Posted by Brian Himes on Aug 29th, 2026

Empowered Funds LLC acquired a new position in United Rentals, Inc. (NYSE:URI – Free Report) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 17,193 shares of the construction company’s stock, valued at approximately $19,478,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of United Rentals in the 2nd quarter valued at about $5,816,326,000. Norges Bank bought a new position in United Rentals in the fourth quarter valued at approximately $978,017,000. Bank of America Corp DE acquired a new stake in United Rentals during the 2nd quarter worth $944,196,000. The Manufacturers Life Insurance Company acquired a new position in shares of United Rentals in the 2nd quarter valued at $716,129,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of United Rentals during the second quarter worth $412,860,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at United Rentals

In related news, EVP William E. Grace sold 1,500 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the transaction, the executive vice president directly owned 6,062 shares of the company’s stock, valued at approximately $6,869,155.30. This trade represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

URI has been the subject of several analyst reports. BNP Paribas Exane upgraded United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 target price for the company in a research report on Monday, June 29th. Wall Street Zen upgraded United Rentals from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Evercore reiterated an “outperform” rating and set a $1,101.00 price objective on shares of United Rentals in a report on Monday, May 11th. JPMorgan Chase & Co. upped their price target on shares of United Rentals from $1,100.00 to $1,235.00 and gave the company an “overweight” rating in a report on Friday, July 24th. Finally, Robert W. Baird set a $1,300.00 target price on United Rentals in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,246.19.

Check Out Our Latest Stock Report on United Rentals

United Rentals Price Performance

Shares of URI opened at $1,030.64 on Friday. The company’s fifty day simple moving average is $1,097.31 and its 200 day simple moving average is $957.16. United Rentals, Inc. has a 1-year low of $701.59 and a 1-year high of $1,179.18. The company has a market cap of $64.15 billion, a price-to-earnings ratio of 24.75, a PEG ratio of 1.34 and a beta of 1.80. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI – Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, topping analysts’ consensus estimates of $11.53 by $1.23. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the previous year, the business earned $10.47 earnings per share. The business’s revenue was up 11.8% compared to the same quarter last year. On average, research analysts forecast that United Rentals, Inc. will post 48.55 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were paid a $1.97 dividend. The ex-dividend date was Wednesday, August 12th. This represents a $7.88 annualized dividend and a yield of 0.8%. United Rentals’s payout ratio is 18.92%.

United Rentals Profile

(Free Report)

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.