Teacher Retirement System of Texas Purchases 702 Shares of United Rentals, Inc. $URI

Teacher Retirement System of Texas boosted its position in shares of United Rentals, Inc. (NYSE:URI) by 7.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,300 shares of the construction company’s stock after purchasing an additional 702 shares during the period. Teacher Retirement System of Texas’ holdings in United Rentals were worth $7,760,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in URI. Amalgamated Bank increased its holdings in United Rentals by 1.1% during the 1st quarter. Amalgamated Bank now owns 13,082 shares of the construction company’s stock worth $8,198,000 after purchasing an additional 139 shares in the last quarter. Alta Advisers Ltd bought a new position in United Rentals during the 1st quarter worth about $212,000. Mather Group LLC. increased its holdings in United Rentals by 16.1% during the 1st quarter. Mather Group LLC. now owns 1,077 shares of the construction company’s stock worth $675,000 after purchasing an additional 149 shares in the last quarter. Cidel Asset Management Inc. increased its holdings in United Rentals by 6.2% during the 1st quarter. Cidel Asset Management Inc. now owns 342 shares of the construction company’s stock worth $214,000 after purchasing an additional 20 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in United Rentals by 2.3% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,994 shares of the construction company’s stock worth $5,010,000 after purchasing an additional 181 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Trading Down 0.5%

Shares of NYSE:URI opened at $871.33 on Thursday. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $1,021.47. The company has a market capitalization of $55.44 billion, a P/E ratio of 22.41, a price-to-earnings-growth ratio of 1.98 and a beta of 1.73. The company has a 50-day simple moving average of $954.60 and a 200 day simple moving average of $819.55. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90.

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

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be given a dividend of $1.79 per share. The ex-dividend date is Wednesday, November 12th. This represents a $7.16 annualized dividend and a yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is 18.42%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on URI. Morgan Stanley increased their price objective on shares of United Rentals from $702.00 to $955.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. UBS Group restated a “neutral” rating and set a $1,025.00 price objective on shares of United Rentals in a research note on Tuesday. Bank of America increased their price objective on shares of United Rentals from $895.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Barclays reduced their price objective on shares of United Rentals from $620.00 to $600.00 and set an “underweight” rating for the company in a research note on Monday, October 20th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of United Rentals in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and a consensus target price of $974.47.

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.