Bridges Investment Management Inc. Grows Stock Position in United Rentals, Inc. $URI

Key Points

• Bridges Investment Management Inc. increased its stake in United Rentals, Inc. by 14.4% in the second quarter, owning 67,713 shares valued at approximately $51 million.
• The company reported a quarterly earnings per share (EPS) of $10.47, slightly missing expectations, but revenue of $3.94 billion exceeded estimates, showing a year-over-year growth of 4.5%.
• Research analysts have varied opinions on United Rentals, with target price upgrades from JPMorgan Chase & Co. raising it to $1,150 and a consensus average target of approximately $956.13.

Bridges Investment Management Inc. increased its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 14.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 67,713 shares of the construction company's stock after buying an additional 8,505 shares during the quarter. Bridges Investment Management Inc. owned about 0.11% of United Rentals worth $51,015,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Callahan Advisors LLC raised its position in shares of United Rentals by 2.3% during the 2nd quarter. Callahan Advisors LLC now owns 11,584 shares of the construction company's stock valued at $8,727,000 after buying an additional 264 shares during the period. Duncker Streett & Co. Inc. raised its position in United Rentals by 2.3% in the second quarter. Duncker Streett & Co. Inc. now owns 3,944 shares of the construction company's stock valued at $2,971,000 after purchasing an additional 89 shares during the period. Ritholtz Wealth Management raised its position in United Rentals by 2.3% in the second quarter. Ritholtz Wealth Management now owns 1,655 shares of the construction company's stock valued at $1,247,000 after purchasing an additional 37 shares during the period. Courier Capital LLC purchased a new stake in United Rentals in the second quarter valued at approximately $212,000. Finally, Sagespring Wealth Partners LLC raised its position in United Rentals by 44.4% in the second quarter. Sagespring Wealth Partners LLC now owns 768 shares of the construction company's stock valued at $579,000 after purchasing an additional 236 shares during the period. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Stock Performance

NYSE:URI opened at $1,019.62 on Thursday. The company has a fifty day simple moving average of $945.47 and a two-hundred day simple moving average of $792.05. The company has a market cap of $65.60 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 2.31 and a beta of 1.73. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $1,021.36.

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 the consensus estimate of $10.54 by ($0.07). The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The business's revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were paid 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 payout ratio is presently 18.52%.

Wall Street Analysts Forecast Growth

URI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on United Rentals from $1,000.00 to $1,150.00 and gave the company an "overweight" rating in a research report on Monday, September 22nd. Barclays boosted their target price on United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a research report on Monday, July 21st. Morgan Stanley boosted their target price on United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. BNP Paribas Exane raised United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 target price on the stock in a research report on Tuesday, September 16th. Finally, Sanford C. Bernstein set a $1,128.00 target price on United Rentals and gave the company an "outperform" rating in a research report on Tuesday, September 23rd. Two research 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 company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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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