United Rentals, Inc. $URI Shares Purchased by Harvest Portfolios Group Inc.

Key Points

• Harvest Portfolios Group Inc. increased its stake in United Rentals by 28.4%, owning a total of 2,747 shares worth approximately $1.72 million as of its latest SEC filing.
• United Rentals reported earnings per share (EPS) of $10.47 for the last quarter, missing estimates by $0.07, with quarterly revenue of $3.94 billion, up 4.5% from the previous year.
• The company declared a quarterly dividend of $1.79 per share, with a 0.8% dividend yield, and a payout ratio of 18.52%.

Harvest Portfolios Group Inc. raised its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 28.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,747 shares of the construction company's stock after buying an additional 608 shares during the period. Harvest Portfolios Group Inc.'s holdings in United Rentals were worth $1,722,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of URI. Integrated Wealth Concepts LLC increased its stake in United Rentals by 7.6% during the 4th quarter. Integrated Wealth Concepts LLC now owns 382 shares of the construction company's stock valued at $269,000 after buying an additional 27 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of United Rentals in the 4th quarter worth approximately $844,000. Quarry LP acquired a new position in shares of United Rentals in the 4th quarter worth approximately $54,000. Northern Trust Corp grew its stake in shares of United Rentals by 15.4% in the 4th quarter. Northern Trust Corp now owns 656,053 shares of the construction company's stock worth $462,150,000 after purchasing an additional 87,617 shares during the last quarter. Finally, Perbak Capital Partners LLP acquired a new position in shares of United Rentals in the 4th quarter worth approximately $1,635,000. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Stock Performance

Shares of URI opened at $943.06 on Wednesday. United Rentals, Inc. has a one year low of $525.91 and a one year high of $946.97. The company has a 50-day moving average of $831.49 and a two-hundred day moving average of $716.36. The stock has a market cap of $60.68 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 2.17 and a beta of 1.72. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80.

United Rentals (NYSE:URI - Get Free Report) last announced 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). The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The business's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. On average, equities research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 13th. United Rentals's dividend payout ratio (DPR) is currently 18.52%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on URI shares. UBS Group lifted their price objective on shares of United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Evercore ISI reaffirmed an "outperform" rating on shares of United Rentals in a research note on Tuesday, August 19th. JPMorgan Chase & Co. lifted their price objective on shares of United Rentals from $920.00 to $950.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Barclays lifted their price objective on shares of United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a research note on Monday, July 21st. Finally, Argus set a $935.00 price objective on shares of United Rentals in a research note on Tuesday, August 12th. 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 assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $834.64.

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.

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