29,800 Shares in United Rentals, Inc. $URI Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in United Rentals, Inc. (NYSE:URI - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 29,800 shares of the construction company's stock, valued at approximately $22,451,000.

Several other large investors have also added to or reduced their stakes in the stock. Quotient Wealth Partners LLC bought a new stake in United Rentals in the second quarter valued at $282,000. Cottonwood Capital Advisors LLC bought a new stake in United Rentals in the second quarter valued at $232,000. Foster & Motley Inc. boosted its holdings in United Rentals by 18.1% in the second quarter. Foster & Motley Inc. now owns 10,273 shares of the construction company's stock valued at $7,740,000 after acquiring an additional 1,574 shares in the last quarter. Chevy Chase Trust Holdings LLC boosted its holdings in United Rentals by 0.6% in the second quarter. Chevy Chase Trust Holdings LLC now owns 34,645 shares of the construction company's stock valued at $26,102,000 after acquiring an additional 203 shares in the last quarter. Finally, Arista Wealth Management LLC bought a new stake in United Rentals in the second quarter valued at $1,489,000. Institutional investors own 96.26% of the company's stock.

United Rentals Trading Down 2.6%

NYSE:URI opened at $979.96 on Monday. The company's 50 day moving average price is $950.90 and its 200-day moving average price is $799.56. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $1,021.47. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. The stock has a market cap of $63.05 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 2.26 and a beta of 1.73.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $3.90 billion. During the same quarter in the previous year, the company earned $10.70 EPS. The company'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 forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on URI shares. Barclays lifted their price target on shares of United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a report on Monday, July 21st. Robert W. Baird upgraded shares of United Rentals from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $888.00 to $1,050.00 in a report on Wednesday, October 1st. Bank of America boosted their target price on shares of United Rentals from $895.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Citigroup boosted their target price on shares of United Rentals from $1,000.00 to $1,080.00 and gave the company a "buy" rating in a report on Tuesday, September 23rd. Finally, Sanford C. Bernstein set a $1,128.00 target price on shares of United Rentals and gave the company an "outperform" rating in a report on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $956.13.

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.

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