Mitchell Capital Management Co. Buys 1,540 Shares of United Rentals, Inc. $URI

Key Points

• Mitchell Capital Management Co. increased its stake in United Rentals, Inc. by 22.6%, acquiring 1,540 additional shares, bringing its total to 8,353 shares valued at approximately $6,750,000.
• United Rentals' recent quarterly earnings report showed earnings per share of $10.47, missing the consensus estimate of $10.54, despite a revenue increase of 4.5% year-over-year to $3.94 billion.
• The company declared a quarterly dividend of $1.79 per share, translating to an annualized dividend of $7.16 with a yield of 0.8% and maintaining a payout ratio of 18.52%.

Mitchell Capital Management Co. raised its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 22.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,353 shares of the construction company's stock after acquiring an additional 1,540 shares during the quarter. United Rentals makes up 1.3% of Mitchell Capital Management Co.'s portfolio, making the stock its 20th largest holding. Mitchell Capital Management Co.'s holdings in United Rentals were worth $6,750,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Fourth Dimension Wealth LLC bought a new position in United Rentals during the 1st quarter valued at about $26,000. TruNorth Capital Management LLC increased its holdings in shares of United Rentals by 1,266.7% during the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock worth $26,000 after buying an additional 38 shares in the last quarter. Flaharty Asset Management LLC acquired a new stake in shares of United Rentals during the first quarter worth approximately $30,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of United Rentals by 69.0% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock valued at $31,000 after acquiring an additional 20 shares during the last quarter. Finally, Maseco LLP acquired a new position in shares of United Rentals in the 2nd quarter worth approximately $32,000. Institutional investors own 96.26% of the company's stock.

United Rentals Trading Down 2.9%

Shares of URI opened at $951.67 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $1,004.92. The firm has a market capitalization of $61.23 billion, a PE ratio of 24.61, a price-to-earnings-growth ratio of 2.19 and a beta of 1.73. The stock's fifty day simple moving average is $937.56 and its 200-day simple moving average is $786.57.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $3.90 billion. During the same period last year, the company earned $10.70 EPS. The company's revenue was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. As a group, research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals's dividend payout ratio is 18.52%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Citigroup raised their price target on United Rentals from $1,000.00 to $1,080.00 and gave the company a "buy" rating in a report on Tuesday, September 23rd. Morgan Stanley boosted their price objective on United Rentals from $702.00 to $955.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Evercore ISI reissued an "outperform" rating on shares of United Rentals in a research note on Tuesday, August 19th. Truist Financial boosted their price objective on United Rentals from $952.00 to $1,194.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, KeyCorp boosted their price objective on United Rentals from $1,075.00 to $1,120.00 and gave the stock an "overweight" rating in a research note on Thursday, September 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $956.13.

About United Rentals

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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