Charles Schwab Investment Management Inc. Raises Stake in United Rentals, Inc. $URI

Charles Schwab Investment Management Inc. increased its holdings in shares of United Rentals, Inc. (NYSE:URI) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 470,473 shares of the construction company’s stock after acquiring an additional 9,602 shares during the period. Charles Schwab Investment Management Inc.’s holdings in United Rentals were worth $354,454,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bank of Jackson Hole Trust lifted its holdings in shares of United Rentals by 12.0% during the second quarter. Bank of Jackson Hole Trust now owns 112 shares of the construction company’s stock valued at $84,000 after purchasing an additional 12 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of United Rentals by 5.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company’s stock worth $199,000 after buying an additional 13 shares during the last quarter. Cooper Financial Group increased its position in United Rentals by 1.6% during the 2nd quarter. Cooper Financial Group now owns 807 shares of the construction company’s stock valued at $608,000 after buying an additional 13 shares in the last quarter. American Trust raised its stake in United Rentals by 1.1% during the first quarter. American Trust now owns 1,242 shares of the construction company’s stock valued at $778,000 after buying an additional 14 shares during the last quarter. Finally, CX Institutional raised its stake in United Rentals by 2.5% during the second quarter. CX Institutional now owns 585 shares of the construction company’s stock valued at $441,000 after buying an additional 14 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analysts Set New Price Targets

URI has been the topic of a number of recent research reports. Baird R W raised United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Sanford C. Bernstein set a $1,128.00 price target on shares of United Rentals and gave the stock an “outperform” rating in a research note on Tuesday, September 23rd. Robert W. Baird raised shares of United Rentals from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $888.00 to $1,050.00 in a research report on Wednesday, October 1st. 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 report on Monday, July 28th. Finally, BNP Paribas Exane upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 target price on the stock in a research note on Tuesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $975.61.

United Rentals Price Performance

NYSE URI opened at $812.10 on Tuesday. United Rentals, Inc. has a one year low of $525.91 and a one year high of $1,021.47. The stock has a 50-day moving average of $913.25 and a 200 day moving average of $847.85. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90. The company has a market capitalization of $51.67 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 1.97 and a beta of 1.73.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share (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 company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.16 billion. During the same period in the previous year, the business earned $11.80 EPS. The business’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, sell-side analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be issued a $1.79 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $7.16 annualized dividend and a yield of 0.9%. United Rentals’s dividend payout ratio (DPR) 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.