Geode Capital Management LLC Grows Holdings in United Rentals, Inc. $URI

Geode Capital Management LLC raised its position in United Rentals, Inc. (NYSE:URI) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,641,813 shares of the construction company’s stock after buying an additional 2,004 shares during the period. Geode Capital Management LLC owned 2.55% of United Rentals worth $1,231,647,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of URI. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in United Rentals in the second quarter valued at about $298,000. Access Investment Management LLC purchased a new position in United Rentals in the second quarter valued at approximately $24,021,000. Roundview Capital LLC lifted its stake in United Rentals by 9.2% in the second quarter. Roundview Capital LLC now owns 5,909 shares of the construction company’s stock valued at $4,452,000 after purchasing an additional 496 shares during the last quarter. Callahan Advisors LLC grew its holdings in United Rentals by 2.3% during the second quarter. Callahan Advisors LLC now owns 11,584 shares of the construction company’s stock valued at $8,727,000 after purchasing an additional 264 shares during the period. Finally, Vise Technologies Inc. purchased a new stake in United Rentals in the second quarter worth $7,514,000. Institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

URI stock opened at $859.46 on Thursday. The stock has a market capitalization of $54.69 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 1.97 and a beta of 1.73. The firm’s 50-day moving average price is $936.98 and its two-hundred day moving average price is $837.52. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $1,021.47.

United Rentals (NYSE:URI) last posted its earnings results 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). United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same period in the previous year, the business earned $11.80 earnings per share. The firm’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. As a group, equities analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The firm 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 dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, November 12th. United Rentals’s dividend payout ratio is currently 18.42%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of United Rentals in a report on Wednesday, October 8th. Robert W. Baird upgraded United Rentals from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $888.00 to $1,050.00 in a research report on Wednesday, October 1st. Baird R W upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Citigroup reiterated a “buy” rating on shares of United Rentals in a research report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. lifted their price target on United Rentals from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, United Rentals has a consensus rating of “Moderate Buy” and a consensus target price of $974.47.

United Rentals Profile

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.