Banque Transatlantique SA Buys 283 Shares of United Rentals, Inc. $URI

Key Points

• Banque Transatlantique SA significantly increased its stake in United Rentals, Inc. by 832.4%, now owning 317 shares valued at $184,000.
• United Rentals reported an earnings per share of $10.47 for the last quarter, missing expectations of $10.54, but achieved revenues of $3.94 billion, exceeding estimates.
• The company recently declared a quarterly dividend of $1.79, representing an annualized amount of $7.16 and a dividend yield of 0.7%.

Banque Transatlantique SA raised its position in United Rentals, Inc. (NYSE:URI - Free Report) by 832.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 317 shares of the construction company's stock after acquiring an additional 283 shares during the quarter. Banque Transatlantique SA's holdings in United Rentals were worth $184,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in URI. Fourth Dimension Wealth LLC acquired a new position in shares of United Rentals during the 1st quarter worth approximately $26,000. TruNorth Capital Management LLC increased its holdings in shares of United Rentals by 1,266.7% during the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock worth $26,000 after acquiring an additional 38 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings 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 acquiring an additional 20 shares during the last quarter. Grove Bank & Trust acquired a new position in shares of United Rentals during the 1st quarter worth approximately $36,000. Finally, NBC Securities Inc. acquired a new position in shares of United Rentals during the 1st quarter worth approximately $40,000. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Price Performance

Shares of URI stock traded up $11.34 on Friday, hitting $976.00. 440,181 shares of the company's stock were exchanged, compared to its average volume of 471,557. The company has a 50 day moving average of $868.94 and a 200 day moving average of $729.03. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $980.53. 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 stock has a market cap of $62.80 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 2.25 and a beta of 1.72.

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

United Rentals Dividend Announcement

The company also recently announced 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 0.7%. United Rentals's dividend payout ratio (DPR) is currently 18.52%.

Wall Street Analyst Weigh In

URI has been the topic of a number of recent analyst reports. Evercore ISI reissued an "outperform" rating on shares of United Rentals in a report on Tuesday, August 19th. JPMorgan Chase & Co. upped their price objective on United Rentals from $920.00 to $950.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Bank of America raised their price target on shares of United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. The Goldman Sachs Group raised their price target on shares of United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Finally, KeyCorp raised their price target on shares of United Rentals from $960.00 to $1,075.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, United Rentals presently has a consensus rating of "Moderate Buy" and a consensus target price of $842.86.

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.