272 Shares in United Rentals, Inc. $URI Purchased by Chicago Capital LLC

Key Points

• Chicago Capital LLC has acquired 272 shares of United Rentals, Inc., valued at approximately $205,000, as part of its new position in the company.
• Several institutional investors, including JPMorgan Chase & Co. and Goldman Sachs Group Inc., have significantly increased their stakes in United Rentals, contributing to a total institutional ownership of 96.26%.
• Research analysts have raised their target prices for United Rentals, with estimates ranging as high as $1,128.00, indicating a bullish sentiment for the company's stock performance.

Chicago Capital LLC acquired a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 272 shares of the construction company's stock, valued at approximately $205,000.

Several other institutional investors and hedge funds have also bought and sold shares of URI. Nuveen LLC bought a new stake in United Rentals during the first quarter worth about $402,291,000. JPMorgan Chase & Co. raised its stake in United Rentals by 98.1% during the first 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 in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of United Rentals by 28.8% in the first quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company's stock worth $532,561,000 after acquiring an additional 190,007 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of United Rentals by 22.3% in the first quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company's stock worth $414,406,000 after acquiring an additional 120,449 shares during the last quarter. Finally, Ceredex Value Advisors LLC bought a new position in shares of United Rentals in the first quarter worth about $65,613,000. Institutional investors own 96.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. BNP Paribas Exane raised shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 target price for the company in a report on Tuesday, September 16th. Robert W. Baird raised shares of United Rentals from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $888.00 to $1,050.00 in a report on Wednesday. Argus set a $935.00 target price on shares of United Rentals in a report on Tuesday, August 12th. KeyCorp increased their target price on shares of United Rentals from $1,075.00 to $1,120.00 and gave the stock an "overweight" rating in a report on Thursday, September 25th. Finally, Sanford C. Bernstein set a $1,128.00 target price on shares of United Rentals and gave the stock an "outperform" rating in a report on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $941.00.

United Rentals Stock Performance

United Rentals stock opened at $962.67 on Thursday. The business has a 50 day moving average of $923.75 and a 200-day moving average of $767.78. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $980.53. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80. The company has a market capitalization of $61.94 billion, a P/E ratio of 24.89, a P/E/G ratio of 2.21 and a beta of 1.73.

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

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals's dividend payout ratio is currently 18.52%.

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.

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