Midwest Trust Co Makes New $9.45 Million Investment in United Rentals, Inc. $URI

Midwest Trust Co bought a new position in shares of United Rentals, Inc. (NYSE:URI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,540 shares of the construction company’s stock, valued at approximately $9,448,000.

A number of other hedge funds have also modified their holdings of URI. CSM Advisors LLC acquired a new position in United Rentals during the second quarter worth about $25,185,000. Campbell & CO Investment Adviser LLC lifted its stake in United Rentals by 106.5% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 1,468 shares of the construction company’s stock worth $1,106,000 after purchasing an additional 757 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in United Rentals by 6.9% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 123,782 shares of the construction company’s stock worth $93,257,000 after purchasing an additional 8,014 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of United Rentals by 1.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,443 shares of the construction company’s stock worth $1,087,000 after purchasing an additional 23 shares during the last quarter. Finally, Prospera Financial Services Inc grew its position in shares of United Rentals by 217.0% in the second quarter. Prospera Financial Services Inc now owns 3,535 shares of the construction company’s stock valued at $2,663,000 after purchasing an additional 2,420 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Performance

NYSE URI opened at $846.21 on Monday. The stock has a fifty day simple moving average of $942.78 and a 200-day simple moving average of $834.34. 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 stock has a market cap of $53.84 billion, a PE ratio of 21.76, a P/E/G ratio of 1.97 and a beta of 1.73. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.43 by ($0.73). United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The company had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.16 billion. During the same quarter last year, the firm posted $11.80 earnings per share. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. Equities analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The business 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 0.8%. The ex-dividend date is Wednesday, November 12th. United Rentals’s dividend payout ratio is currently 18.42%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Baird R W upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Sanford C. Bernstein set a $1,128.00 target price on United Rentals and gave the company an “outperform” rating in a report on Tuesday, September 23rd. JPMorgan Chase & Co. raised their target price on United Rentals from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Monday, September 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of United Rentals in a research report on Wednesday, October 8th. Finally, UBS Group reissued a “neutral” rating and issued a $1,025.00 price objective on shares of United Rentals in a report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $974.47.

United Rentals 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.