United Rentals, Inc. $URI Position Lifted by Hudson Edge Investment Partners Inc.

Key Points

• Hudson Edge Investment Partners Inc. increased its stake in United Rentals by 9.0% during the second quarter, now holding 10,785 shares worth approximately $8,125,000.
• Analysts have boosted their price targets for United Rentals, with JPMorgan Chase raising its target from $1,000 to $1,150 and maintaining an "overweight" rating.
• United Rentals declared a quarterly dividend of $1.79 per share, translating to an annualized yield of 0.7%, with a payout ratio of 18.52%.

Hudson Edge Investment Partners Inc. boosted its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 9.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,785 shares of the construction company's stock after buying an additional 887 shares during the quarter. United Rentals makes up 1.4% of Hudson Edge Investment Partners Inc.'s portfolio, making the stock its 10th largest position. Hudson Edge Investment Partners Inc.'s holdings in United Rentals were worth $8,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. TruNorth Capital Management LLC boosted its holdings in shares of United Rentals by 1,266.7% in the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock valued at $26,000 after purchasing an additional 38 shares during the period. Fourth Dimension Wealth LLC purchased a new position in United Rentals during the 1st quarter worth $26,000. Maseco LLP bought a new stake in United Rentals during the 2nd quarter valued at $32,000. Flaharty Asset Management LLC purchased a new stake in shares of United Rentals in the 1st quarter worth $30,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position in shares of United Rentals by 69.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock worth $31,000 after buying an additional 20 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on URI shares. JPMorgan Chase & Co. increased their target price on shares of United Rentals from $1,000.00 to $1,150.00 and gave the stock an "overweight" rating in a report on Monday, September 22nd. Truist Financial boosted their price objective on shares of United Rentals from $786.00 to $952.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Citigroup upped their target price on United Rentals from $1,000.00 to $1,080.00 and gave the stock a "buy" rating in a report on Tuesday, September 23rd. Sanford C. Bernstein set a $1,128.00 target price on United Rentals and gave the company an "outperform" rating in a research note on Tuesday, September 23rd. Finally, Bank of America boosted their target price on shares of United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, United Rentals has a consensus rating of "Moderate Buy" and a consensus price target of $941.00.

United Rentals Stock Performance

NYSE URI opened at $976.71 on Friday. The firm has a market capitalization of $62.84 billion, a P/E ratio of 25.26, a PEG ratio of 2.23 and a beta of 1.73. The stock has a 50-day simple moving average of $925.81 and a two-hundred day simple moving average of $770.23. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $980.53.

United Rentals (NYSE:URI - Get Free Report) last posted its 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 company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same period last year, the business earned $10.70 earnings per share. The firm's revenue was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. On average, equities analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were issued 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%.

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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