United Rentals, Inc. $URI Shares Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in United Rentals, Inc. (NYSE:URI) by 55.8% in the second quarter, Holdings Channel reports. The fund owned 63,562 shares of the construction company’s stock after purchasing an additional 22,758 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in United Rentals were worth $47,888,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of URI. Graypoint LLC lifted its holdings in shares of United Rentals by 13.0% in the 1st quarter. Graypoint LLC now owns 426 shares of the construction company’s stock worth $267,000 after acquiring an additional 49 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in United Rentals by 69.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock worth $31,000 after purchasing an additional 20 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of United Rentals by 11.7% during the first quarter. Private Advisor Group LLC now owns 7,941 shares of the construction company’s stock worth $4,977,000 after buying an additional 832 shares during the period. Kestra Private Wealth Services LLC boosted its position in shares of United Rentals by 7.0% during the first quarter. Kestra Private Wealth Services LLC now owns 1,720 shares of the construction company’s stock worth $1,078,000 after buying an additional 113 shares during the period. Finally, South Dakota Investment Council grew its stake in shares of United Rentals by 3.3% in the first quarter. South Dakota Investment Council now owns 4,753 shares of the construction company’s stock valued at $2,979,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Baird R W raised United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. BNP Paribas set a $900.00 price objective on shares of United Rentals and gave the company a “neutral” rating in a research note on Tuesday, September 16th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of United Rentals in a research note on Wednesday, October 8th. Morgan Stanley boosted their price target 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. Finally, Bank of America lifted their target price on United Rentals from $895.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $975.61.

United Rentals Stock Down 1.2%

NYSE URI traded down $10.07 during trading on Monday, reaching $823.97. 38,212 shares of the company’s stock were exchanged, compared to its average volume of 607,348. The company has a 50 day moving average price of $931.67 and a two-hundred day moving average price of $841.91. The stock has a market cap of $52.43 billion, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 1.97 and a beta of 1.73. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,021.47. 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 posted its earnings results on Wednesday, October 22nd. The construction company reported $11.70 EPS 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 for the quarter, compared to analyst estimates of $4.16 billion. During the same quarter last year, the firm posted $11.80 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be issued a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 12th. United Rentals’s dividend payout ratio is presently 18.42%.

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.