Argent Capital Management LLC Purchases 2,337 Shares of United Rentals, Inc. $URI

Key Points

• Argent Capital Management LLC increased its position in United Rentals, Inc. by 2.0%, acquiring an additional 2,337 shares, bringing its total ownership to 120,123 shares valued at approximately $90.5 million.
• United Rentals, Inc. reported Q2 earnings per share (EPS) of $10.47, missing analyst expectations by $0.07, while revenue was slightly above expectations at $3.94 billion.
• The company announced a quarterly dividend of $1.79 per share, equivalent to an annualized dividend of $7.16, reflecting a dividend yield of 0.8% and a payout ratio of 18.52%.

Argent Capital Management LLC raised its position in United Rentals, Inc. (NYSE:URI - Free Report) by 2.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 120,123 shares of the construction company's stock after purchasing an additional 2,337 shares during the period. United Rentals makes up about 2.6% of Argent Capital Management LLC's investment portfolio, making the stock its 11th biggest holding. Argent Capital Management LLC owned about 0.18% of United Rentals worth $90,500,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in United Rentals by 0.4% in the first 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. increased its stake in United Rentals by 98.1% in 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. GAMMA Investing LLC increased its stake in United Rentals by 77,674.5% in 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. The Manufacturers Life Insurance Company increased its stake in 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 valued at $532,561,000 after purchasing an additional 190,007 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in United Rentals by 22.3% in 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. Institutional investors own 96.26% of the company's stock.

United Rentals Stock Performance

Shares of URI stock opened at $943.48 on Tuesday. The stock has a market cap of $60.70 billion, a P/E ratio of 24.40, a P/E/G ratio of 2.18 and a beta of 1.72. 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 fifty day moving average price of $903.12 and a two-hundred day moving average price of $753.32. United Rentals, Inc. has a one year low of $525.91 and a one year high of $980.53.

United Rentals (NYSE:URI - Get Free Report) last announced 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). The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The business's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. As a group, equities analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Barclays upped their target price on shares of United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a research note on Monday, July 21st. BNP Paribas set a $900.00 price objective on shares of United Rentals and gave the stock a "neutral" rating in a research report on Tuesday, September 16th. Evercore ISI reissued an "outperform" rating on shares of United Rentals in a research report on Tuesday, August 19th. The Goldman Sachs Group increased their price objective on shares of United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Finally, Bank of America increased their price objective on shares of United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $862.50.

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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