Federation des caisses Desjardins du Quebec Has $5.22 Million Position in United Rentals, Inc. $URI

Key Points

• The Federation des caisses Desjardins du Quebec reduced its stake in United Rentals, Inc. by 49.1% in Q1, selling 8,044 shares and reducing its holdings to 8,334 shares worth approximately $5.22 million.
• Institutional investors own 96.26% of United Rentals' stock, with significant increases in holdings reported by firms like JPMorgan Chase (up 98.1%) and GAMMA Investing (up 77,674.5%) during the same quarter.
• United Rentals reported earnings of $10.47 EPS in its last quarterly results, slightly missing analysts' expectations, but showing a 4.5% increase in revenue year-over-year.

Federation des caisses Desjardins du Quebec reduced its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 49.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,334 shares of the construction company's stock after selling 8,044 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in United Rentals were worth $5,223,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in URI. GAMMA Investing LLC raised its position in United Rentals by 77,674.5% during the first quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock worth $556,138,000 after acquiring an additional 886,266 shares in the last quarter. Nuveen LLC bought a new stake in United Rentals during the first quarter worth $402,291,000. JPMorgan Chase & Co. raised its position in United Rentals by 98.1% during the first quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company's stock worth $685,488,000 after acquiring an additional 541,579 shares in the last quarter. Leigh Baldwin & CO. LLC acquired a new position in shares of United Rentals in the fourth quarter valued at $330,989,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of United Rentals by 28.8% in the first quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company's stock valued at $532,561,000 after purchasing an additional 190,007 shares during the period. 96.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on URI. Bank of America increased their price objective on shares of United Rentals from $895.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. The Goldman Sachs Group increased their price objective on shares of United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Redburn Atlantic lowered shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective on the stock. in a research report on Friday, June 13th. Barclays increased their price objective on shares of United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a research report on Monday, July 21st. Finally, UBS Group increased their price objective on shares of United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $842.86.

United Rentals Stock Performance

NYSE:URI traded down $5.77 during mid-day trading on Monday, reaching $969.46. 585,144 shares of the company's stock were exchanged, compared to its average volume of 638,748. The firm has a market capitalization of $62.38 billion, a PE ratio of 25.07, a price-to-earnings-growth ratio of 2.25 and a beta of 1.72. 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 one year low of $525.91 and a one year high of $980.53. The business's fifty day simple moving average is $868.94 and its two-hundred day simple moving average is $729.03.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The company's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. Analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, August 13th. United Rentals's dividend payout ratio 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.