TD Waterhouse Canada Inc. Has $2.56 Million Holdings in United Rentals, Inc. $URI

TD Waterhouse Canada Inc. trimmed its holdings in United Rentals, Inc. (NYSE:URI) by 42.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,312 shares of the construction company’s stock after selling 2,475 shares during the period. TD Waterhouse Canada Inc.’s holdings in United Rentals were worth $2,562,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Flaharty Asset Management LLC bought a new stake in United Rentals during the 1st quarter worth approximately $30,000. Maseco LLP bought a new stake in shares of United Rentals during the second quarter worth $32,000. Trust Co. of Toledo NA OH acquired a new stake in shares of United Rentals during the second quarter worth $38,000. Clal Insurance Enterprises Holdings Ltd lifted 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 acquiring an additional 56 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in United Rentals by 103.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 55 shares of the construction company’s stock worth $42,000 after purchasing an additional 28 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on URI shares. BNP Paribas set a $900.00 price target on United Rentals and gave the company a “neutral” rating in a research note on Tuesday, September 16th. Citigroup reissued a “buy” rating on shares of United Rentals in a research report on Thursday, October 23rd. Morgan Stanley raised 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. BNP Paribas Exane raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price objective on the stock in a research report on Tuesday, September 16th. Finally, Truist Financial set a $1,169.00 target price on shares of 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 issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $975.61.

United Rentals Trading Up 4.1%

United Rentals stock opened at $801.50 on Friday. The stock has a 50-day simple moving average of $915.96 and a 200 day simple moving average of $844.15. The stock has a market capitalization of $51.00 billion, a P/E ratio of 20.61, a PEG ratio of 1.97 and a beta of 1.73. 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 52 week low of $525.91 and a 52 week 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 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 for the quarter, compared to analyst estimates of $4.16 billion. During the same period in the previous year, the firm posted $11.80 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. Analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, November 12th. United Rentals’s dividend payout ratio (DPR) is currently 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.