Epoch Investment Partners Inc. Sells 3,801 Shares of United Rentals, Inc. $URI

Epoch Investment Partners Inc. lowered its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 4.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,104 shares of the construction company's stock after selling 3,801 shares during the period. Epoch Investment Partners Inc. owned 0.13% of United Rentals worth $57,632,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Entropy Technologies LP increased its holdings in shares of United Rentals by 18.7% in the 1st quarter. Entropy Technologies LP now owns 18,515 shares of the construction company's stock valued at $13,489,000 after acquiring an additional 2,913 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in United Rentals by 2,681.6% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 69,958 shares of the construction company's stock valued at $50,969,000 after purchasing an additional 67,443 shares in the last quarter. Gabelli Funds LLC boosted its position in United Rentals by 10.2% during the first quarter. Gabelli Funds LLC now owns 43,967 shares of the construction company's stock valued at $32,033,000 after purchasing an additional 4,067 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in United Rentals by 0.9% in the first quarter. Gamco Investors INC. ET AL now owns 31,521 shares of the construction company's stock valued at $22,965,000 after purchasing an additional 290 shares during the last quarter. Finally, Modern Wealth Management LLC purchased a new position in United Rentals in the first quarter valued at about $209,000. Institutional investors own 96.26% of the company's stock.

United Rentals Stock Performance

Shares of NYSE URI opened at $1,140.19 on Friday. The company's fifty day moving average price is $1,052.87 and its 200 day moving average price is $919.10. United Rentals, Inc. has a 1 year low of $701.59 and a 1 year high of $1,177.67. The company has a market capitalization of $71.43 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 1.82 and a beta of 1.79. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.74 and a current ratio of 0.76.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The construction company reported $12.76 EPS for the quarter, beating the consensus estimate of $11.53 by $1.23. The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.22 billion. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The firm's revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the business earned $10.47 earnings per share. On average, research analysts predict that United Rentals, Inc. will post 46.85 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be paid a $1.97 dividend. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, August 12th. United Rentals's payout ratio is currently 18.92%.

Analyst Upgrades and Downgrades

Several analysts have commented on URI shares. Barclays increased their price target on shares of United Rentals from $715.00 to $950.00 and gave the company an "underweight" rating in a research report on Friday. Wells Fargo & Company boosted their price objective on shares of United Rentals from $1,245.00 to $1,355.00 and gave the stock an "overweight" rating in a research note on Friday. UBS Group reissued a "buy" rating and set a $1,350.00 target price on shares of United Rentals in a research report on Thursday. Morgan Stanley set a $1,335.00 target price on shares of United Rentals and gave the company an "overweight" rating in a research note on Friday. Finally, Truist Financial upped their price target on United Rentals from $1,421.00 to $1,466.00 and gave the stock a "buy" rating in a research report on Friday. Fourteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, United Rentals currently has an average rating of "Moderate Buy" and a consensus target price of $1,226.50.

Insider Activity

In other news, EVP Craig Adam Pintoff sold 2,466 shares of the business's stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $963.00, for a total value of $2,374,758.00. Following the completion of the sale, the executive vice president directly owned 14,774 shares in the company, valued at $14,227,362. The trade was a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Joli L. Gross sold 306 shares of the company's stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $954.99, for a total value of $292,226.94. Following the transaction, the senior vice president directly owned 5,738 shares of the company's stock, valued at approximately $5,479,732.62. The trade was a 5.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.47% of the stock is owned by insiders.

United Rentals News Summary

Here are the key news stories impacting United Rentals this week:

• Positive Sentiment: JPMorgan raised its price target on United Rentals to $1,235 and kept an overweight rating, signaling confidence in continued upside. JPMorgan price target increase
• Positive Sentiment: Truist boosted its target to $1,466 and maintained a buy rating, reflecting a more optimistic view of URI’s earnings power and demand trends. Truist price target increase
• Positive Sentiment: Citigroup raised its target to $1,330 with a buy rating after the company’s strong Q2 results and improved guidance. Citigroup price target increase
• Positive Sentiment: Bank of America increased its target to $1,300 and reiterated a buy rating, adding to the positive analyst momentum around the stock. Bank of America price target increase
• Positive Sentiment: United Rentals reported Q2 earnings of $12.76 per share and revenue of $4.41 billion, both ahead of expectations, and raised full-year guidance on stronger rental growth and demand. Q2 earnings beat and guidance raise
• Neutral Sentiment: The company also declared a quarterly dividend of $1.97 per share, which is a modest shareholder-return update but not likely the main driver of today’s trading. Dividend announcement

United Rentals Profile

United Rentals, Inc NYSE: URI is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company's product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.

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