AG2R LA Mondiale Gestion D Actifs Takes $1.67 Million Position in United Rentals, Inc. $URI

Key Points

• AG2R LA Mondiale Gestion D Actifs has taken a new position in United Rentals, Inc., acquiring 2,658 shares valued at approximately $1.67 million during the first quarter.
• Several institutional investors significantly increased their stakes in United Rentals; for instance, GAMMA Investing LLC raised its stake by 77,674.5%, now holding shares worth $556.14 million.
• United Rentals reported a quarterly EPS of $10.47, missing estimates by $0.07, while its revenue increased by 4.5% year-over-year to $3.94 billion.

AG2R LA Mondiale Gestion D Actifs acquired a new stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,658 shares of the construction company's stock, valued at approximately $1,666,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of URI. GAMMA Investing LLC boosted its stake in shares of United Rentals by 77,674.5% during the first quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock valued at $556,138,000 after purchasing an additional 886,266 shares in the last quarter. Nuveen LLC bought a new position in shares of United Rentals during the first quarter valued at approximately $402,291,000. JPMorgan Chase & Co. boosted its stake in shares of United Rentals by 98.1% during the first 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 first 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. Finally, Goldman Sachs Group Inc. boosted its stake in shares of United Rentals by 22.3% during the first 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. 96.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

URI has been the topic of a number of recent research reports. Truist Financial increased their price objective on shares of United Rentals from $786.00 to $952.00 and gave the company a "buy" rating in a research note on Friday, July 25th. The Goldman Sachs Group increased their target price on shares of United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Bank of America increased their target price on shares of United Rentals from $895.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Barclays increased their target price on shares of United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a research report on Monday, July 21st. Finally, UBS Group increased their target price on shares of United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, United Rentals currently has a consensus rating of "Moderate Buy" and an average target price of $842.86.

United Rentals Trading Down 2.2%

NYSE URI opened at $938.61 on Friday. The company has a fifty day simple moving average of $886.34 and a two-hundred day simple moving average of $739.17. The stock has a market cap of $60.39 billion, a P/E ratio of 24.27, a P/E/G ratio of 2.22 and a beta of 1.72. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $980.53. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). The company 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 company's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $10.70 EPS. 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 year.

United Rentals Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals's dividend payout ratio (DPR) is currently 18.52%.

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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