Aberdeen Group plc Purchases 3,151 Shares of United Rentals, Inc. $URI

Key Points

• Aberdeen Group plc increased its stake in United Rentals, Inc. by 6.6% during the 2nd quarter, owning 51,049 shares worth approximately $38.46 million.
• United Rentals reported $10.47 earnings per share (EPS) for the last quarter, slightly missing the consensus estimate, but its revenue rose 4.5% year-over-year.
• The company recently announced a quarterly dividend of $1.79, resulting in an annual yield of 0.8% and a payout ratio of 18.52%.

Aberdeen Group plc lifted its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 6.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,049 shares of the construction company's stock after purchasing an additional 3,151 shares during the period. Aberdeen Group plc owned 0.08% of United Rentals worth $38,460,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of United Rentals by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 7,422,036 shares of the construction company's stock valued at $4,651,390,000 after purchasing an additional 29,501 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of United Rentals by 98.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company's stock valued at $685,488,000 after purchasing an additional 541,579 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of United Rentals by 28.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company's stock valued at $532,561,000 after purchasing an additional 190,007 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of United Rentals by 22.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company's stock valued at $414,406,000 after purchasing an additional 120,449 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of United Rentals by 0.8% during the 1st quarter. Northern Trust Corp now owns 661,166 shares of the construction company's stock valued at $414,353,000 after purchasing an additional 5,113 shares in the last quarter. Institutional investors own 96.26% of the company's stock.

United Rentals Trading Down 2.9%

Shares of NYSE URI opened at $951.67 on Monday. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,004.92. The stock has a market cap of $61.23 billion, a P/E ratio of 24.61, a price-to-earnings-growth ratio of 2.19 and a beta of 1.73. The firm has a 50-day moving average of $937.56 and a 200 day moving average of $786.57. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80.

United Rentals (NYSE:URI - Get Free Report) last issued its earnings results 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). The firm had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The firm's quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm posted $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal 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 issued a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $7.16 annualized dividend and a yield of 0.8%. United Rentals's payout ratio is 18.52%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on URI shares. BNP Paribas set a $900.00 target price on shares of United Rentals and gave the company a "neutral" rating in a research note on Tuesday, September 16th. UBS Group lifted their target price on shares of United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. KeyCorp lifted their price target on shares of United Rentals from $1,075.00 to $1,120.00 and gave the company an "overweight" rating in a research report on Thursday, September 25th. Evercore ISI reissued an "outperform" rating on shares of United Rentals in a research report on Tuesday, August 19th. Finally, Baird R W raised shares of United Rentals from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, United Rentals has a consensus rating of "Moderate Buy" and a consensus price target of $956.13.

United Rentals Company 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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