IFM Investors Pty Ltd Has $10.42 Million Stock Position in United Rentals, Inc. $URI

Key Points

• IFM Investors Pty Ltd increased its holdings in United Rentals, Inc. by 2.6% in the 2nd quarter, acquiring an additional 346 shares to bring its total to 13,825 shares, valued at $10.42 million.
• United Rentals reported earnings of $10.47 per share, missing consensus estimates by $0.07, and had a revenue of $3.94 billion for the last quarter.
• The company recently announced a quarterly dividend of $1.79, representing an annualized yield of 0.8%, with a dividend payout ratio of 18.52%.

IFM Investors Pty Ltd increased its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 2.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,825 shares of the construction company's stock after purchasing an additional 346 shares during the quarter. IFM Investors Pty Ltd's holdings in United Rentals were worth $10,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the stock. Two Sigma Investments LP bought a new position in United Rentals in the 4th quarter valued at approximately $17,496,000. Woodline Partners LP bought a new position in United Rentals in the 4th quarter worth $2,776,000. Focus Partners Advisor Solutions LLC boosted its holdings in United Rentals by 21.9% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 881 shares of the construction company's stock worth $621,000 after buying an additional 158 shares during the period. Vise Technologies Inc. boosted its holdings in shares of United Rentals by 107.1% during the 4th quarter. Vise Technologies Inc. now owns 4,579 shares of the construction company's stock valued at $3,225,000 after purchasing an additional 2,368 shares during the last quarter. Finally, Investment Management Corp VA ADV bought a new position in shares of United Rentals in the 4th quarter valued at about $442,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Evercore ISI reaffirmed an "outperform" rating on shares of United Rentals in a research note on Tuesday, August 19th. Argus set a $935.00 price objective on shares of United Rentals in a research note on Tuesday, August 12th. Redburn Atlantic downgraded shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective for the company. in a research report on Friday, June 13th. KeyCorp upped their price target on shares of United Rentals from $960.00 to $1,075.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. Finally, Truist Financial increased their price objective on shares of United Rentals from $786.00 to $952.00 and gave the company a "buy" rating in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $908.25.

United Rentals Price Performance

Shares of United Rentals stock traded up $23.28 during trading on Tuesday, reaching $966.70. The company's stock had a trading volume of 107,657 shares, compared to its average volume of 632,872. The stock has a 50-day moving average price of $903.12 and a two-hundred day moving average price of $753.32. 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, Inc. has a one year low of $525.91 and a one year high of $980.53. The stock has a market capitalization of $62.20 billion, a P/E ratio of 25.00, a price-to-earnings-growth ratio of 2.18 and a beta of 1.72.

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 for the quarter, missing the consensus estimate of $10.54 by ($0.07). The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given a $1.79 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.7%. United Rentals's dividend payout ratio (DPR) is presently 18.52%.

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.