Cardinal Capital Management Inc. Has $30.67 Million Stock Position in United Rentals, Inc. $URI

Key Points

• Cardinal Capital Management Inc. increased its stake in United Rentals, Inc. by 6%, acquiring an additional 2,297 shares, bringing its total holdings to approximately 40,709 shares worth around $30.67 million.
• United Rentals reported earnings per share (EPS) of $10.47 for its most recent quarter, which missed analysts' estimates, although revenue was slightly above expectations at $3.94 billion.
• The company declared a quarterly dividend of $1.79 per share, translating to an annualized yield of 0.8% and a payout ratio of 18.52%.

Cardinal Capital Management Inc. grew its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 6.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,709 shares of the construction company's stock after purchasing an additional 2,297 shares during the quarter. Cardinal Capital Management Inc. owned 0.06% of United Rentals worth $30,670,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of URI. TruNorth Capital Management LLC boosted its position in shares of United Rentals by 1,266.7% in the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock worth $26,000 after buying an additional 38 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new stake in United Rentals during the 1st quarter worth about $26,000. Flaharty Asset Management LLC acquired a new stake in United Rentals in the 1st quarter worth approximately $30,000. Migdal Insurance & Financial Holdings Ltd. increased its position in United Rentals by 69.0% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock worth $31,000 after buying an additional 20 shares during the period. Finally, Grove Bank & Trust acquired a new position in United Rentals in the first quarter worth $36,000. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Down 0.2%

URI traded down $1.53 during trading on Friday, hitting $941.26. The stock had a trading volume of 1,035,014 shares, compared to its average volume of 528,984. 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 stock has a 50 day simple moving average of $900.44 and a two-hundred day simple moving average of $751.12. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $980.53. The company has a market capitalization of $60.56 billion, a PE ratio of 24.34, a PEG ratio of 2.18 and a beta of 1.72.

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 (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 net margin of 16.11% and a return on equity of 32.01%. United Rentals's revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm posted $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. On average, research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently issued reports on URI shares. The Goldman Sachs Group raised their price objective on United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. BNP Paribas Exane raised 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. Morgan Stanley boosted their price target on shares of United Rentals from $702.00 to $955.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. BNP Paribas set a $900.00 price target on shares of United Rentals and gave the stock a "neutral" rating in a report on Tuesday, September 16th. Finally, Argus set a $935.00 price target on shares of United Rentals in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $850.00.

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.