United Rentals, Inc. $URI Stock Position Lifted by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board increased its stake in United Rentals, Inc. by 76.2%, owning approximately 0.12% of the company with a value of $50.54 million.
• Analysts have varying ratings on United Rentals, with a consensus price target of $842.86, indicating a Moderate Buy outlook.
• The construction company reported $10.47 EPS for the quarter, slightly missing expectations, with quarterly revenue of $3.94 billion, reflecting a 4.5% year-over-year increase.

Canada Pension Plan Investment Board increased its position in United Rentals, Inc. (NYSE:URI - Free Report) by 76.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 80,644 shares of the construction company's stock after buying an additional 34,887 shares during the quarter. Canada Pension Plan Investment Board owned 0.12% of United Rentals worth $50,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Fourth Dimension Wealth LLC bought a new position in shares of United Rentals in the 1st quarter worth $26,000. TruNorth Capital Management LLC lifted 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 purchasing an additional 38 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of United Rentals by 69.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock worth $31,000 after acquiring an additional 20 shares in the last quarter. Grove Bank & Trust bought a new position in United Rentals during the 1st quarter worth approximately $36,000. Finally, NBC Securities Inc. bought a new position in shares of United Rentals during the first quarter valued at about $40,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

URI has been the topic of a number of recent research reports. Truist Financial increased their target price on United Rentals from $786.00 to $952.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Barclays boosted their target price on shares of United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a report on Monday, July 21st. Argus set a $935.00 price target on United Rentals in a research report on Tuesday, August 12th. Redburn Atlantic lowered shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price target for the company. in a report on Friday, June 13th. Finally, KeyCorp raised their price objective on United Rentals from $960.00 to $1,075.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, United Rentals presently has a consensus rating of "Moderate Buy" and a consensus price target of $842.86.

United Rentals Stock Performance

NYSE URI traded up $13.78 on Thursday, hitting $959.04. 212,285 shares of the company's stock were exchanged, compared to its average volume of 638,981. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $965.00. 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 firm has a market cap of $61.71 billion, a price-to-earnings ratio of 24.78, a P/E/G ratio of 2.21 and a beta of 1.72. The firm's 50-day moving average price is $860.05 and its two-hundred day moving average price is $725.34.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing the consensus estimate of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The company had revenue of $3.94 billion for the quarter, compared to analysts' expectations of $3.90 billion. During the same period in the previous year, the business posted $10.70 EPS. The business's quarterly revenue was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. On average, research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were given 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%.

About United Rentals

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.