Credit Agricole S A Purchases 4,157 Shares of United Rentals, Inc. $URI

Key Points

• Credit Agricole S A increased its stake in United Rentals, Inc. by 14.4%, acquiring an additional 4,157 shares, bringing its total ownership to approximately 0.05% of the company worth $20.75 million.
• Several large investors, including Fourth Dimension Wealth and TruNorth Capital Management, have recently made significant changes to their positions in United Rentals, with institutional investors now owning 96.26% of the stock.
• Analyst price targets for United Rentals have been raised significantly by multiple firms, with UBS setting a price objective at $835.00 and Morgan Stanley increasing it to $955.00.

Credit Agricole S A boosted its position in United Rentals, Inc. (NYSE:URI - Free Report) by 14.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,117 shares of the construction company's stock after purchasing an additional 4,157 shares during the quarter. Credit Agricole S A owned about 0.05% of United Rentals worth $20,754,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of URI. Elevation Point Wealth Partners LLC increased its stake in United Rentals by 32.9% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 2,220 shares of the construction company's stock valued at $1,391,000 after buying an additional 550 shares during the period. Dynamic Advisor Solutions LLC acquired a new position in United Rentals during the 1st quarter valued at about $602,000. Wealth Enhancement Advisory Services LLC increased its stake in United Rentals by 12.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,160 shares of the construction company's stock valued at $4,488,000 after buying an additional 789 shares during the period. Farther Finance Advisors LLC increased its stake in United Rentals by 101.6% during the 1st quarter. Farther Finance Advisors LLC now owns 859 shares of the construction company's stock valued at $543,000 after buying an additional 433 shares during the period. Finally, Brookwood Investment Group LLC acquired a new position in United Rentals during the 1st quarter valued at about $2,966,000. 96.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on URI shares. Morgan Stanley lifted their price objective 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. Argus set a $935.00 price objective on shares of United Rentals in a research note on Tuesday, August 12th. The Goldman Sachs Group lifted their price objective on shares of United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Bank of America lifted their price objective on shares of United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, Barclays lifted their price objective on shares of United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a research note on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $834.64.

United Rentals Stock Up 4.5%

NYSE URI traded up $39.6690 during trading on Friday, reaching $929.7890. The company's stock had a trading volume of 767,803 shares, compared to its average volume of 503,462. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $59.82 billion, a PE ratio of 24.04, a PEG ratio of 2.06 and a beta of 1.72. The business has a 50-day moving average price of $821.49 and a 200-day moving average price of $713.79. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $937.45.

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

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be given a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. United Rentals's payout ratio 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.