United Rentals, Inc. $URI Shares Purchased by Prudential PLC

Prudential PLC boosted its stake in United Rentals, Inc. (NYSE:URI) by 44.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,850 shares of the construction company’s stock after acquiring an additional 9,786 shares during the quarter. Prudential PLC’s holdings in United Rentals were worth $23,996,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in URI. Flaharty Asset Management LLC purchased a new position in shares of United Rentals in the first quarter valued at $30,000. Maseco LLP purchased a new stake in United Rentals during the 2nd quarter worth $32,000. Trust Co. of Toledo NA OH acquired a new position in United Rentals in the 2nd quarter worth $38,000. Clal Insurance Enterprises Holdings Ltd boosted its position in United Rentals by 560.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 66 shares of the construction company’s stock valued at $41,000 after buying an additional 56 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its position in United Rentals by 103.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 55 shares of the construction company’s stock valued at $42,000 after buying an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Baird R W upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of United Rentals in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on shares of United Rentals from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Monday, September 22nd. Argus set a $935.00 price target on shares of United Rentals in a research note on Tuesday, August 12th. Finally, Royal Bank Of Canada set a $1,123.00 price target on shares of United Rentals in a report on Friday, October 24th. Two equities research 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 has a consensus rating of “Moderate Buy” and a consensus target price of $975.61.

United Rentals Price Performance

Shares of NYSE URI opened at $792.49 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $50.43 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 1.97 and a beta of 1.74. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $1,021.47. The business has a 50 day simple moving average of $922.49 and a 200-day simple moving average of $843.66.

United Rentals (NYSE:URI) last announced 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). 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 the consensus estimate of $4.16 billion. During the same quarter last year, the business 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. As a group, equities research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $7.16 annualized dividend and a dividend yield of 0.9%. United Rentals’s payout ratio is 18.42%.

United Rentals Company 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.