Entropy Technologies LP Has $13.49 Million Holdings in United Rentals, Inc. $URI

Entropy Technologies LP grew its holdings in United Rentals, Inc. (NYSE:URI) by 18.7% in the 1st quarter, Holdings Channel reports. The fund owned 18,515 shares of the construction company’s stock after purchasing an additional 2,913 shares during the quarter. Entropy Technologies LP’s holdings in United Rentals were worth $13,489,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of URI. Capital World Investors raised its stake in United Rentals by 1.1% during the 4th quarter. Capital World Investors now owns 2,708,877 shares of the construction company’s stock valued at $2,192,357,000 after purchasing an additional 30,263 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of United Rentals by 2.2% during the 4th quarter. Franklin Resources Inc. now owns 1,343,981 shares of the construction company’s stock worth $1,087,711,000 after purchasing an additional 28,895 shares during the period. Norges Bank bought a new position in shares of United Rentals during the 4th quarter worth about $978,017,000. Boston Partners raised its position in shares of United Rentals by 4.0% during the fourth quarter. Boston Partners now owns 774,347 shares of the construction company’s stock valued at $631,459,000 after buying an additional 29,675 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of United Rentals by 0.9% in the third quarter. Invesco Ltd. now owns 649,608 shares of the construction company’s stock valued at $620,155,000 after buying an additional 5,497 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Stock Up 0.0%

NYSE URI opened at $1,140.19 on Friday. United Rentals, Inc. has a 1-year low of $701.59 and a 1-year high of $1,177.67. The company has a market capitalization of $71.43 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 1.82 and a beta of 1.79. The stock’s 50 day moving average is $1,052.87 and its two-hundred day moving average is $919.10. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI) last issued its earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.53 by $1.23. The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.22 billion. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.United Rentals’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $10.47 EPS. Equities analysts forecast that United Rentals, Inc. will post 46.85 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be paid a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, August 12th. United Rentals’s dividend payout ratio is currently 18.92%.

Analysts Set New Price Targets

URI has been the topic of a number of recent research reports. Citigroup lifted their target price on United Rentals from $1,270.00 to $1,330.00 and gave the stock a “buy” rating in a research report on Friday. Evercore reissued an “outperform” rating and set a $1,101.00 price objective on shares of United Rentals in a report on Monday, May 11th. Bank of America boosted their price objective on United Rentals from $1,195.00 to $1,300.00 and gave the company a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. upped their target price on United Rentals from $1,100.00 to $1,235.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Sanford C. Bernstein set a $903.00 target price on United Rentals and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Fourteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,226.50.

Insiders Place Their Bets

In other United Rentals news, EVP Craig Adam Pintoff sold 2,466 shares of United Rentals stock in a transaction on Monday, April 27th. The stock was sold at an average price of $963.00, for a total transaction of $2,374,758.00. Following the completion of the transaction, the executive vice president directly owned 14,774 shares of the company’s stock, valued at approximately $14,227,362. This trade represents a 14.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joli L. Gross sold 306 shares of the business’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $954.99, for a total transaction of $292,226.94. Following the completion of the sale, the senior vice president owned 5,738 shares in the company, valued at $5,479,732.62. This represents a 5.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.47% of the stock is currently owned by company insiders.

United Rentals News Summary

Here are the key news stories impacting United Rentals this week:

• Positive Sentiment: JPMorgan raised its price target on United Rentals to $1,235 and kept an overweight rating, signaling confidence in continued upside. JPMorgan price target increase
• Positive Sentiment: Truist boosted its target to $1,466 and maintained a buy rating, reflecting a more optimistic view of URI’s earnings power and demand trends. Truist price target increase
• Positive Sentiment: Citigroup raised its target to $1,330 with a buy rating after the company’s strong Q2 results and improved guidance. Citigroup price target increase
• Positive Sentiment: Bank of America increased its target to $1,300 and reiterated a buy rating, adding to the positive analyst momentum around the stock. Bank of America price target increase
• Positive Sentiment: United Rentals reported Q2 earnings of $12.76 per share and revenue of $4.41 billion, both ahead of expectations, and raised full-year guidance on stronger rental growth and demand. Q2 earnings beat and guidance raise
• Neutral Sentiment: The company also declared a quarterly dividend of $1.97 per share, which is a modest shareholder-return update but not likely the main driver of today’s trading. Dividend announcement

United Rentals Company Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.