Nisa Investment Advisors LLC Buys 1,263 Shares of United Rentals, Inc. $URI

Nisa Investment Advisors LLC raised its stake in shares of United Rentals, Inc. (NYSE:URI) by 6.6% in the 2nd quarter, Holdings Channel reports. The firm owned 20,362 shares of the construction company’s stock after acquiring an additional 1,263 shares during the period. Nisa Investment Advisors LLC’s holdings in United Rentals were worth $15,341,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of United Rentals by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 7,422,036 shares of the construction company’s stock valued at $4,651,390,000 after purchasing an additional 29,501 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of United Rentals by 98.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company’s stock valued at $685,488,000 after purchasing an additional 541,579 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of United Rentals by 28.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company’s stock valued at $532,561,000 after purchasing an additional 190,007 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of United Rentals by 6.4% during the 2nd quarter. Nordea Investment Management AB now owns 749,276 shares of the construction company’s stock valued at $565,374,000 after purchasing an additional 44,854 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of United Rentals by 22.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company’s stock valued at $414,406,000 after purchasing an additional 120,449 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

United Rentals stock opened at $914.17 on Monday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84. 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 capitalization of $58.17 billion, a P/E ratio of 23.51, a price-to-earnings-growth ratio of 2.05 and a beta of 1.73. The company’s 50-day moving average is $956.27 and its 200 day moving average is $813.43.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.16 billion. During the same period last year, the company earned $11.80 earnings per share. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. Research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 12th. United Rentals’s dividend payout ratio is 18.42%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Citigroup reissued a “buy” rating on shares of United Rentals in a report on Thursday. Royal Bank Of Canada set a $1,123.00 price target on shares of United Rentals in a report on Friday. Evercore ISI reaffirmed an “outperform” rating on shares of United Rentals in a report on Tuesday, August 19th. Baird R W raised shares of United Rentals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Argus set a $935.00 price target on shares of United Rentals in a report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and a consensus target price of $963.29.

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.