Public Sector Pension Investment Board Increases Stock Position in United Rentals, Inc. $URI

Key Points

• The Public Sector Pension Investment Board increased its stake in United Rentals, Inc. (NYSE:URI) by 8.6%, now owning 8,812 shares valued at approximately $5.52 million.
• Analysts have varying ratings for United Rentals, with a consensus price target of $834.64, and JPMorgan Chase & Co. recently raised their target to $950.00.
• United Rentals reported a net margin of 16.11% and earnings per share (EPS) of $10.47 for the last quarter, missing analysts' expectations slightly.

Public Sector Pension Investment Board raised its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 8.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 8,812 shares of the construction company's stock after acquiring an additional 695 shares during the quarter. Public Sector Pension Investment Board's holdings in United Rentals were worth $5,522,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake 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 buying an additional 886,266 shares during the last quarter. Nuveen LLC acquired a new position in shares of United Rentals during the first quarter valued at about $402,291,000. JPMorgan Chase & Co. grew its holdings in shares of United Rentals by 98.1% during the first quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company's stock valued at $685,488,000 after buying an additional 541,579 shares during the last quarter. Leigh Baldwin & CO. LLC acquired a new position in shares of United Rentals during the fourth quarter valued at about $330,989,000. Finally, Capital World Investors boosted its holdings in United Rentals by 17.1% during the fourth quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock worth $1,564,722,000 after purchasing an additional 323,636 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Citigroup restated a "buy" rating and set a $810.00 price target (up from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. Evercore ISI restated an "outperform" rating on shares of United Rentals in a report on Tuesday. Morgan Stanley boosted their price target on shares of United Rentals from $702.00 to $955.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Cfra Research raised shares of United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Truist Financial lifted their price objective on shares of United Rentals from $786.00 to $952.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $834.64.

United Rentals Trading Up 0.2%

Shares of United Rentals stock traded up $2.2220 during trading on Tuesday, reaching $916.2620. The company's stock had a trading volume of 306,038 shares, compared to its average volume of 604,533. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. The firm's 50-day moving average is $809.68 and its two-hundred day moving average is $710.22. The company has a market cap of $58.95 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 2.11 and a beta of 1.72. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $933.32.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing the consensus estimate of $10.54 by ($0.07). The company had revenue of $3.94 billion during 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 firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, August 13th. United Rentals's dividend payout ratio (DPR) is currently 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.