DekaBank Deutsche Girozentrale Buys 161 Shares of United Rentals, Inc. $URI

DekaBank Deutsche Girozentrale grew its stake in shares of United Rentals, Inc. (NYSE:URI) by 0.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 27,205 shares of the construction company’s stock after purchasing an additional 161 shares during the period. DekaBank Deutsche Girozentrale’s holdings in United Rentals were worth $20,471,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB increased its holdings in United Rentals by 5.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company’s stock worth $199,000 after purchasing an additional 13 shares in the last quarter. Cooper Financial Group increased its holdings in United Rentals by 1.6% during the 2nd quarter. Cooper Financial Group now owns 807 shares of the construction company’s stock worth $608,000 after purchasing an additional 13 shares in the last quarter. American Trust increased its holdings in United Rentals by 1.1% during the 1st quarter. American Trust now owns 1,242 shares of the construction company’s stock worth $778,000 after purchasing an additional 14 shares in the last quarter. CX Institutional increased its holdings in United Rentals by 2.5% during the 2nd quarter. CX Institutional now owns 585 shares of the construction company’s stock worth $441,000 after purchasing an additional 14 shares in the last quarter. Finally, Leavell Investment Management Inc. grew its holdings in shares of United Rentals by 3.6% in the first quarter. Leavell Investment Management Inc. now owns 515 shares of the construction company’s stock valued at $323,000 after acquiring an additional 18 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on URI. Robert W. Baird raised United Rentals from a “neutral” rating to an “outperform” rating and upped their target price for the company from $888.00 to $1,050.00 in a report on Wednesday, October 1st. JPMorgan Chase & Co. upped their target price 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. UBS Group upped their target price on United Rentals from $780.00 to $835.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Baird R W raised United Rentals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of United Rentals in a report on Tuesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $966.47.

United Rentals Price Performance

Shares of NYSE URI opened at $989.61 on Thursday. The stock has a fifty day simple moving average of $956.38 and a two-hundred day simple moving average of $805.28. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47. The firm has a market cap of $63.67 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 2.31 and a beta of 1.73. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing the consensus estimate of $12.43 by ($0.73). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. During the same period in the prior year, the business earned $11.80 EPS. United Rentals’s quarterly revenue was up 5.9% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. Analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, November 12th. United Rentals’s dividend payout ratio is 18.52%.

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.