Eisler Capital Management Ltd. Has $8.73 Million Stock Holdings in United Rentals, Inc. $URI

Key Points

• Eisler Capital Management Ltd. has reduced its stake in United Rentals, Inc. by 8.1%, now holding shares valued at approximately $8.73 million.
• Significant positions were also added by major investors such as Vanguard Group and JPMorgan Chase, indicating increasing institutional interest in the company.
• United Rentals reported a Q2 EPS of $10.47, slightly missing analyst estimates, while revenues increased by 4.5% year-over-year, totaling $3.94 billion.

Eisler Capital Management Ltd. trimmed its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 8.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,937 shares of the construction company's stock after selling 1,236 shares during the quarter. Eisler Capital Management Ltd.'s holdings in United Rentals were worth $8,734,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in United Rentals by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 7,422,036 shares of the construction company's stock worth $4,651,390,000 after purchasing an additional 29,501 shares in the last quarter. JPMorgan Chase & Co. increased its position in United Rentals by 98.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company's stock worth $685,488,000 after purchasing an additional 541,579 shares in the last quarter. GAMMA Investing LLC increased its position in United Rentals by 77,674.5% during the 1st quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock worth $556,138,000 after purchasing an additional 886,266 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in United Rentals by 22.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company's stock worth $414,406,000 after acquiring an additional 120,449 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in United Rentals by 0.8% during the 1st quarter. Northern Trust Corp now owns 661,166 shares of the construction company's stock worth $414,353,000 after acquiring an additional 5,113 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Trading Up 0.4%

NYSE:URI opened at $943.06 on Wednesday. The firm's fifty day moving average is $831.49 and its 200-day moving average is $716.36. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $946.97. The firm has a market cap of $60.68 billion, a P/E ratio of 24.39, a P/E/G ratio of 2.17 and a beta of 1.72.

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

United Rentals Announces Dividend

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. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 13th. United Rentals's payout ratio is presently 18.52%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on URI shares. 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. Bank of America boosted their target price on shares of United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Evercore ISI reissued an "outperform" rating on shares of United Rentals in a report on Tuesday, August 19th. Citigroup reissued a "buy" rating and set a $810.00 target price (up from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. Finally, Truist Financial boosted their target price on shares of United Rentals from $786.00 to $952.00 and gave the stock a "buy" rating in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, nine have given 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 stock presently has an average rating of "Moderate Buy" and a consensus price target of $834.64.

United Rentals 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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