Boston Common Asset Management LLC Has $7.01 Million Stake in United Rentals, Inc. $URI

Key Points

• Boston Common Asset Management LLC reduced its stake in United Rentals, Inc. by 6.9%, now owning 9,304 shares valued at approximately $7.01 million.
• United Rentals has received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and an average target price of $941.00.
• The company recently announced a quarterly dividend of $1.79, maintaining a dividend yield of 0.7% and a payout ratio of 18.52%.

Boston Common Asset Management LLC trimmed its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 6.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,304 shares of the construction company's stock after selling 689 shares during the period. Boston Common Asset Management LLC's holdings in United Rentals were worth $7,010,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Fourth Dimension Wealth LLC bought a new stake in United Rentals during the first quarter valued at $26,000. TruNorth Capital Management LLC boosted its position in United Rentals by 1,266.7% during the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock valued at $26,000 after acquiring an additional 38 shares during the last quarter. Flaharty Asset Management LLC bought a new stake in United Rentals during the first quarter valued at $30,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in United Rentals by 69.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock valued at $31,000 after acquiring an additional 20 shares during the last quarter. Finally, Maseco LLP bought a new stake in United Rentals during the second quarter valued at $32,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

URI has been the topic of a number of research analyst reports. BNP Paribas Exane raised shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 price objective on the stock in a research report on Tuesday, September 16th. Argus set a $935.00 price objective on shares of United Rentals in a research report on Tuesday, August 12th. Redburn Atlantic cut shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective on the stock. in a research report on Friday, June 13th. 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. Finally, Truist Financial increased their price objective on shares of United Rentals from $786.00 to $952.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, United Rentals currently has a consensus rating of "Moderate Buy" and an average target price of $941.00.

United Rentals Trading Up 0.4%

NYSE:URI opened at $982.25 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. The firm has a market cap of $63.20 billion, a price-to-earnings ratio of 25.40, a price-to-earnings-growth ratio of 2.27 and a beta of 1.73. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $997.50. The firm has a 50-day moving average price of $927.68 and a two-hundred day moving average price of $773.82.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 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 net margin of 16.11% and a return on equity of 32.01%. The company's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. On average, equities analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors 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 0.7%. United Rentals's dividend payout ratio (DPR) is 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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