272 Shares in United Rentals, Inc. $URI Bought by Mogy Joel R Investment Counsel Inc.

Key Points

• Mogy Joel R Investment Counsel Inc. has acquired 272 shares of United Rentals, Inc., valued at approximately $205,000, marking its first investment in the company during the second quarter.
• An analyst consensus rating for United Rentals is "Moderate Buy", with a target price averaging $850.00 and several firms, including Truist Financial, raising their price objectives significantly.
• United Rentals recently declared a quarterly dividend payment of $1.79 per share, yielding an annualized rate of approximately 0.8%.

Mogy Joel R Investment Counsel Inc. acquired a new stake in United Rentals, Inc. (NYSE:URI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 272 shares of the construction company's stock, valued at approximately $205,000.

Other large investors also recently made changes to their positions in the company. Lazard Asset Management LLC lifted its holdings in United Rentals by 16.1% during the 4th quarter. Lazard Asset Management LLC now owns 821 shares of the construction company's stock valued at $577,000 after purchasing an additional 114 shares during the last quarter. Two Sigma Investments LP acquired a new stake in United Rentals during the 4th quarter valued at $17,496,000. Zurich Insurance Group Ltd FI lifted its holdings in United Rentals by 23.3% during the 4th quarter. Zurich Insurance Group Ltd FI now owns 3,328 shares of the construction company's stock valued at $2,344,000 after purchasing an additional 628 shares during the last quarter. Woodline Partners LP acquired a new stake in United Rentals during the 4th quarter valued at $2,776,000. Finally, Williams Jones Wealth Management LLC. lifted its holdings in United Rentals by 11.7% during the 4th quarter. Williams Jones Wealth Management LLC. now owns 1,787 shares of the construction company's stock valued at $1,259,000 after purchasing an additional 187 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Stock Performance

URI stock traded down $1.53 during trading hours on Friday, hitting $941.26. 1,035,014 shares of the stock were exchanged, compared to its average volume of 515,625. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $60.56 billion, a P/E ratio of 24.34, a P/E/G ratio of 2.18 and a beta of 1.72. The company has a 50-day simple moving average of $900.44 and a two-hundred day simple moving average of $749.45. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $980.53.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing the consensus estimate of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the previous year, the business earned $10.70 EPS. The firm's quarterly revenue was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. On average, analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given a $1.79 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals's dividend payout ratio (DPR) is presently 18.52%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on URI. Bank of America raised their price target on United Rentals from $895.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. raised their price target on United Rentals from $920.00 to $950.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Redburn Atlantic downgraded United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price target for the company. in a report on Friday, June 13th. Argus set a $935.00 price target on United Rentals in a report on Tuesday, August 12th. Finally, The Goldman Sachs Group increased their price objective on United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $850.00.

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.