OMERS ADMINISTRATION Corp Reduces Stock Holdings in United Rentals, Inc. $URI

Key Points

• OMERS ADMINISTRATION Corp reduced its stake in United Rentals by 14.0%, holding 2,434 shares valued at approximately $1.53 million as per its latest SEC filing.
• Several institutional investors have increased their stakes in United Rentals, with notable increases from Elevation Point Wealth Partners LLC and Farther Finance Advisors LLC, which grew their holdings significantly during the first quarter.
• Analysts have set a high price target for United Rentals, with Morgan Stanley raising its price objective from $702 to $955, contributing to an average consensus target price of $842.86 for the stock.

OMERS ADMINISTRATION Corp lessened its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 14.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,434 shares of the construction company's stock after selling 397 shares during the period. OMERS ADMINISTRATION Corp's holdings in United Rentals were worth $1,525,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Integrated Wealth Concepts LLC lifted its holdings in United Rentals by 7.6% in the 4th quarter. Integrated Wealth Concepts LLC now owns 382 shares of the construction company's stock worth $269,000 after purchasing an additional 27 shares during the last quarter. Aptus Capital Advisors LLC grew its position in United Rentals by 13.7% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,743 shares of the construction company's stock worth $1,228,000 after purchasing an additional 210 shares during the last quarter. Alteri Wealth LLC bought a new stake in shares of United Rentals in the fourth quarter valued at about $316,000. Benjamin Edwards Inc. raised its stake in shares of United Rentals by 4.6% in the fourth quarter. Benjamin Edwards Inc. now owns 4,712 shares of the construction company's stock valued at $3,320,000 after purchasing an additional 209 shares in the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in shares of United Rentals during the 4th quarter valued at about $1,467,000. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Performance

URI stock traded up $11.34 during trading hours on Friday, hitting $976.00. 440,181 shares of the stock were exchanged, compared to its average volume of 463,200. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $980.53. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $62.80 billion, a P/E ratio of 25.24, a P/E/G ratio of 2.23 and a beta of 1.72. The company has a 50-day simple moving average of $868.94 and a two-hundred day simple moving average of $728.65.

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 return on equity of 32.01% and a net margin of 16.11%.The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter last year, the business earned $10.70 EPS. United Rentals's revenue was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. On average, analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on URI. Barclays raised their price objective 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. UBS Group increased their price objective on United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. increased their price target on United Rentals from $920.00 to $950.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Citigroup reiterated a "buy" rating and set a $810.00 price objective (up previously from $740.00) on shares of United Rentals in a research note on Tuesday, June 24th. Finally, Morgan Stanley lifted their price objective on shares of United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. One equities 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 currently has a consensus rating of "Moderate Buy" and an average price target of $842.86.

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.