Czech National Bank Increases Stake in United Rentals, Inc. $URI

Key Points

• Czech National Bank increased its holdings in United Rentals, Inc. by 5.9%, owning 15,888 shares valued at approximately $11.97 million as of the last reporting period.
• A range of institutional investors, including Vanguard Group Inc. and JPMorgan Chase & Co., have significantly raised their positions in United Rentals, indicating strong interest in the company's stock.
• Analysts have raised their target prices for United Rentals, with Goldman Sachs increasing their price target from $770 to $850, and JPMorgan Chase raising it from $920 to $950, reflecting positive sentiment towards the company's performance.

Czech National Bank grew its position in United Rentals, Inc. (NYSE:URI - Free Report) by 5.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,888 shares of the construction company's stock after acquiring an additional 888 shares during the period. Czech National Bank's holdings in United Rentals were worth $11,970,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in URI. MassMutual Private Wealth & Trust FSB boosted its stake in shares of United Rentals by 5.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company's stock valued at $199,000 after buying an additional 13 shares in the last quarter. Adamsbrown Wealth Consultants LLC purchased a new stake in shares of United Rentals during the 2nd quarter worth $242,000. Atwood & Palmer Inc. boosted its position in shares of United Rentals by 0.5% during the 2nd quarter. Atwood & Palmer Inc. now owns 57,371 shares of the construction company's stock worth $43,223,000 after purchasing an additional 269 shares in the last quarter. Paladin Wealth LLC boosted its position in shares of United Rentals by 3.7% during the 2nd quarter. Paladin Wealth LLC now owns 1,304 shares of the construction company's stock worth $982,000 after purchasing an additional 47 shares in the last quarter. Finally, Apella Capital LLC purchased a new stake in shares of United Rentals during the 2nd quarter worth $225,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on URI shares. Barclays boosted 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 boosted their price target on United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. KeyCorp boosted their price target on United Rentals from $960.00 to $1,075.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Evercore ISI reiterated an "outperform" rating on shares of United Rentals in a research report on Tuesday, August 19th. Finally, JPMorgan Chase & Co. boosted their target price on United Rentals from $920.00 to $950.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $850.00.

United Rentals Price Performance

URI stock traded up $12.11 on Thursday, reaching $943.12. The company had a trading volume of 634,186 shares, compared to its average volume of 502,206. 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 1 year low of $525.91 and a 1 year high of $980.53. The company's fifty day moving average is $897.90 and its 200 day moving average is $747.08. The company has a market cap of $60.68 billion, a P/E ratio of 24.39, a PEG ratio of 2.15 and a beta of 1.72.

United Rentals (NYSE:URI - Get Free Report) last released its earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). The firm had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. United Rentals's revenue for the quarter was up 4.5% on a year-over-year basis. 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, research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current 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 paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals's dividend payout ratio is currently 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.