NorthRock Partners LLC Buys 18 Shares of United Rentals, Inc. $URI

NorthRock Partners LLC grew its stake in shares of United Rentals, Inc. (NYSE:URI) by 1.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,085 shares of the construction company’s stock after acquiring an additional 18 shares during the quarter. NorthRock Partners LLC’s holdings in United Rentals were worth $817,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of United Rentals by 0.4% during the first quarter. Vanguard Group Inc. now owns 7,422,036 shares of the construction company’s stock valued at $4,651,390,000 after buying an additional 29,501 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of United Rentals by 98.1% during the first quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company’s stock valued at $685,488,000 after buying an additional 541,579 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of United Rentals by 28.8% during the first quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company’s stock valued at $532,561,000 after buying an additional 190,007 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of United Rentals by 22.3% during the first quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company’s stock valued at $414,406,000 after buying an additional 120,449 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of United Rentals by 0.8% during the first quarter. Northern Trust Corp now owns 661,166 shares of the construction company’s stock valued at $414,353,000 after buying an additional 5,113 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors.

United Rentals Trading Up 2.7%

Shares of NYSE:URI opened at $1,000.47 on Wednesday. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $1,007.97. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. The stock has a market capitalization of $64.37 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 2.25 and a beta of 1.73. The stock’s 50-day simple moving average is $942.33 and its two-hundred day simple moving average is $790.47.

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

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals’s payout ratio is presently 18.52%.

Wall Street Analyst Weigh In

Several research firms recently commented on URI. JPMorgan Chase & Co. increased their price objective on 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. Argus set a $935.00 price objective on United Rentals in a research report on Tuesday, August 12th. Sanford C. Bernstein set a $1,128.00 target price on United Rentals and gave the stock an “outperform” rating in a research report on Tuesday, September 23rd. Barclays raised their target price on United Rentals from $565.00 to $620.00 and gave the stock an “underweight” rating in a research report on Monday, July 21st. Finally, Morgan Stanley raised their target price on United Rentals from $702.00 to $955.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $956.13.

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.