Northern Trust Corp Has $414.35 Million Stock Position in United Rentals, Inc. $URI

Key Points

• Northern Trust Corp increased its stake in United Rentals, Inc. by 0.8%, now owning approximately 1.02% of the company, valued at $414.35 million.
• Analysts have set new price targets for United Rentals, with Goldman Sachs raising it to $850, while Argus set a target of $935, reflecting a generally bullish outlook among financial analysts.
• United Rentals reported $10.47 earnings per share for the last quarter, slightly missing estimates, but saw a revenue increase of 4.5% compared to the previous year, reaching $3.94 billion.

Northern Trust Corp lifted its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 661,166 shares of the construction company's stock after purchasing an additional 5,113 shares during the period. Northern Trust Corp owned 1.02% of United Rentals worth $414,353,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of URI. Fourth Dimension Wealth LLC acquired a new stake in shares of United Rentals in the 1st quarter valued at $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 valued at $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 valued at $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 valued at about $36,000. Finally, NBC Securities Inc. acquired a new position in shares of United Rentals during the 1st quarter valued at about $40,000. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Stock Performance

Shares of URI stock traded up $39.6690 during mid-day trading on Friday, reaching $929.7890. The stock had a trading volume of 767,803 shares, compared to its average volume of 503,462. The firm's 50 day simple moving average is $821.49 and its 200 day simple moving average is $713.79. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. United Rentals, Inc. has a one year low of $525.91 and a one year high of $937.45. The firm has a market cap of $59.82 billion, a PE ratio of 24.04, a P/E/G ratio of 2.06 and a beta of 1.72.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the prior year, the business posted $10.70 EPS. 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. On average, analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be given a $1.79 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals's dividend payout ratio (DPR) is currently 18.52%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on URI shares. Citigroup reissued a "buy" rating and issued a $810.00 price target (up previously from $740.00) on shares of United Rentals in a research report on Tuesday, June 24th. Morgan Stanley lifted their price target on shares of United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Barclays lifted their price target on shares of United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a research report on Monday, July 21st. Truist Financial lifted their price target on shares of United Rentals from $786.00 to $952.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, Bank of America lifted their price target on shares of United Rentals from $895.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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.