51,776 Shares in United Rentals, Inc. $URI Purchased by Strs Ohio

Key Points

• Strs Ohio has invested approximately $32.45 million in United Rentals, acquiring 51,776 shares during the first quarter.
• The stock opened at $959.56 and has a market capitalization of $61.74 billion, with a 52-week high of $980.53.
• United Rentals recently paid a dividend of $1.79 per share, representing an annual yield of 0.7% and a payout ratio of 18.52%.

Strs Ohio acquired a new position in United Rentals, Inc. (NYSE:URI - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 51,776 shares of the construction company's stock, valued at approximately $32,448,000. Strs Ohio owned 0.08% of United Rentals at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in URI. Janus Henderson Group PLC boosted its holdings in United Rentals by 19.1% in the fourth quarter. Janus Henderson Group PLC now owns 10,669 shares of the construction company's stock worth $7,512,000 after purchasing an additional 1,713 shares during the period. Lazard Asset Management LLC boosted its holdings in United Rentals by 16.1% in the fourth quarter. Lazard Asset Management LLC now owns 821 shares of the construction company's stock worth $577,000 after purchasing an additional 114 shares during the period. OMERS ADMINISTRATION Corp boosted its holdings in shares of United Rentals by 19.7% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 2,831 shares of the construction company's stock valued at $1,994,000 after acquiring an additional 466 shares during the period. Occudo Quantitative Strategies LP acquired a new position in shares of United Rentals during the fourth quarter valued at $259,000. Finally, NorthRock Partners LLC boosted its holdings in shares of United Rentals by 154.4% during the fourth quarter. NorthRock Partners LLC now owns 1,117 shares of the construction company's stock valued at $787,000 after acquiring an additional 678 shares during the period. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Stock Performance

Shares of NYSE URI traded down $20.98 during midday trading on Friday, reaching $938.61. 534,834 shares of the company traded hands, compared to its average volume of 469,284. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $980.53. The stock has a 50-day moving average price of $886.34 and a 200 day moving average price of $739.91. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80. The company has a market cap of $60.39 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 2.17 and a beta of 1.72.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing the consensus estimate of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter last year, the firm posted $10.70 earnings per share. United Rentals's revenue was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders 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 annualized dividend and a yield of 0.8%. United Rentals's payout ratio is 18.52%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Redburn Atlantic downgraded shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price target for the company. in a report on Friday, June 13th. Evercore ISI reissued an "outperform" rating on shares of United Rentals in a report on Tuesday, August 19th. Barclays boosted their price target on shares of United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a report on Monday, July 21st. Bank of America boosted their price target on shares of United Rentals from $895.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, Citigroup reissued a "buy" rating and set a $810.00 price target (up previously from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, United Rentals has a consensus rating of "Moderate Buy" and a consensus price target of $842.86.

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.