Ensign Peak Advisors Inc Buys 4,010 Shares of United Rentals, Inc. $URI

Ensign Peak Advisors Inc boosted its stake in shares of United Rentals, Inc. (NYSE:URI) by 10.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,379 shares of the construction company’s stock after purchasing an additional 4,010 shares during the period. Ensign Peak Advisors Inc owned about 0.07% of United Rentals worth $31,928,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of URI. Vanguard Group Inc. grew its stake in shares of United Rentals by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 7,494,303 shares of the construction company’s stock valued at $5,646,208,000 after acquiring an additional 72,267 shares during the period. JPMorgan Chase & Co. raised its stake in United Rentals by 98.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company’s stock worth $685,488,000 after acquiring an additional 541,579 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in United Rentals by 28.8% during the first 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 in the last quarter. Nordea Investment Management AB boosted its position in shares of United Rentals by 6.4% in the second quarter. Nordea Investment Management AB now owns 749,276 shares of the construction company’s stock worth $565,374,000 after purchasing an additional 44,854 shares during the period. Finally, Boston Partners increased its stake in shares of United Rentals by 74.2% in the second quarter. Boston Partners now owns 713,934 shares of the construction company’s stock worth $541,534,000 after purchasing an additional 304,062 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. BNP Paribas set a $900.00 target price on shares of United Rentals and gave the company a “neutral” rating in a research note on Tuesday, September 16th. Citigroup restated a “buy” rating on shares of United Rentals in a research report on Thursday, October 23rd. Truist Financial set a $1,169.00 price objective on United Rentals in a research note on Friday, October 24th. Sanford C. Bernstein set a $1,128.00 target price on United Rentals and gave the company an “outperform” rating in a research note on Tuesday, September 23rd. Finally, Royal Bank Of Canada set a $1,123.00 price target on United Rentals in a report on Friday, October 24th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and a consensus price target of $975.61.

United Rentals Trading Up 4.1%

Shares of URI opened at $801.50 on Friday. The stock has a market capitalization of $51.00 billion, a PE ratio of 20.61, a P/E/G ratio of 1.97 and a beta of 1.73. The company’s fifty day moving average is $915.96 and its 200 day moving average is $844.15. 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, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,021.47.

United Rentals (NYSE:URI) last issued its quarterly earnings data 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 business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.16 billion. During the same period in the previous year, the business earned $11.80 earnings per share. The business’s quarterly revenue was up 5.9% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. Sell-side analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal 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 dividend on an annualized basis and a yield of 0.9%. United Rentals’s dividend 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.