Forbes J M & Co. LLP Makes New Investment in United Rentals, Inc. $URI

Forbes J M & Co. LLP bought a new position in shares of United Rentals, Inc. (NYSE:URI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 290 shares of the construction company’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC acquired a new position in United Rentals during the first quarter worth about $26,000. TruNorth Capital Management LLC grew its holdings in shares of United Rentals by 1,266.7% during the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock worth $26,000 after buying an additional 38 shares in the last quarter. Flaharty Asset Management LLC purchased a new stake in shares of United Rentals during the first quarter worth about $30,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of United Rentals by 69.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock worth $31,000 after buying an additional 20 shares in the last quarter. Finally, Maseco LLP purchased a new stake in shares of United Rentals during the second quarter worth about $32,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Barclays lifted their price target on shares of United Rentals from $565.00 to $620.00 and gave the stock an “underweight” rating in a report on Monday, July 21st. Citigroup boosted their target price on shares of United Rentals from $1,000.00 to $1,080.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Evercore ISI restated an “outperform” rating on shares of United Rentals in a report on Tuesday, August 19th. Truist Financial boosted their target price on shares of United Rentals from $786.00 to $952.00 and gave the company a “buy” rating in a report on Friday, July 25th. Finally, UBS Group boosted their target price on shares of United Rentals from $780.00 to $835.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $911.06.

United Rentals Trading Up 1.3%

URI opened at $955.71 on Wednesday. The stock has a market capitalization of $61.49 billion, a PE ratio of 24.71, a P/E/G ratio of 2.18 and a beta of 1.72. The firm’s fifty day moving average price is $920.55 and its 200 day moving average price is $766.42. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $980.53.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.54 by ($0.07). The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The company’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the company earned $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. As a group, research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were issued a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $7.16 annualized dividend and a yield of 0.7%. United Rentals’s dividend payout ratio is currently 18.52%.

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.