Edmond DE Rothschild Holding S.A. Takes $355,000 Position in United Rentals, Inc. $URI

Key Points

• Edmond DE Rothschild Holding S.A. has made a new investment in United Rentals, Inc., acquiring 566 shares valued at approximately $355,000.
• United Rentals, Inc. reported a quarterly EPS of $10.47, missing the consensus estimate by $0.07, while revenue was up 4.5% year-over-year.
• The company's recent quarterly dividend was $1.79 per share, with a 0.7% yield and a payout ratio of 18.52%.

Edmond DE Rothschild Holding S.A. bought a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 566 shares of the construction company's stock, valued at approximately $355,000.

A number of other hedge funds have also modified their holdings of URI. Eventide Asset Management LLC purchased a new position in United Rentals during the first quarter worth $38,702,000. Banque Transatlantique SA increased its position in United Rentals by 832.4% during the 1st quarter. Banque Transatlantique SA now owns 317 shares of the construction company's stock worth $184,000 after purchasing an additional 283 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its stake in United Rentals by 43.9% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 69,588 shares of the construction company's stock valued at $43,611,000 after purchasing an additional 21,245 shares during the last quarter. Paragon Private Wealth Management LLC lifted its holdings in United Rentals by 13.8% in the 1st quarter. Paragon Private Wealth Management LLC now owns 1,122 shares of the construction company's stock valued at $703,000 after purchasing an additional 136 shares in the last quarter. Finally, EP Wealth Advisors LLC boosted its stake in shares of United Rentals by 9.5% during the 1st quarter. EP Wealth Advisors LLC now owns 1,775 shares of the construction company's stock worth $1,112,000 after purchasing an additional 154 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Evercore ISI reissued an "outperform" rating on shares of United Rentals in a research report on Tuesday, August 19th. Argus set a $935.00 price target on United Rentals in a report on Tuesday, August 12th. Citigroup reiterated a "buy" rating and issued a $810.00 target price (up from $740.00) on shares of United Rentals in a research note on Tuesday, June 24th. Redburn Atlantic cut 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, UBS Group raised their target price on shares of United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $842.86.

United Rentals Stock Up 2.4%

NYSE:URI traded up $22.44 during mid-day trading on Thursday, hitting $967.25. The company had a trading volume of 167,038 shares, compared to its average volume of 634,144. The firm has a market capitalization of $62.23 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 2.19 and a beta of 1.72. The business has a fifty day simple moving average of $879.76 and a 200-day simple moving average of $734.16. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $980.53. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34.

United Rentals (NYSE:URI - Get Free Report) last announced its 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). 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%. United Rentals's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. Equities analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently declared 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 of this dividend was Wednesday, August 13th. This represents a $7.16 annualized dividend and a dividend yield of 0.7%. United Rentals's dividend payout ratio (DPR) is presently 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.