United Rentals, Inc. $URI Shares Acquired by Northwest & Ethical Investments L.P.

Key Points

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Northwest & Ethical Investments L.P. grew its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 374.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,708 shares of the construction company's stock after acquiring an additional 1,348 shares during the period. Northwest & Ethical Investments L.P.'s holdings in United Rentals were worth $1,069,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TruNorth Capital Management LLC raised its stake in shares of United Rentals by 1,266.7% during the first 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 in the last quarter. Fourth Dimension Wealth LLC bought a new position in United Rentals in the first quarter worth approximately $26,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in United Rentals by 69.0% in the first 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. Grove Bank & Trust bought a new position in United Rentals in the first quarter worth approximately $36,000. Finally, NBC Securities Inc. bought a new position in United Rentals in the first quarter worth approximately $40,000. Institutional investors own 96.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Citigroup reissued a "buy" rating and issued a $810.00 price objective (up previously from $740.00) on shares of United Rentals in a research note on Tuesday, June 24th. 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 research note on Monday, July 21st. Redburn Atlantic lowered shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price target on the stock. in a report on Friday, June 13th. Finally, Bank of America lifted their price target 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. 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 stock. Based on data from MarketBeat, United Rentals presently has an average rating of "Moderate Buy" and a consensus target price of $834.64.

United Rentals Stock Performance

Shares of URI traded down $11.5720 during trading hours on Thursday, reaching $890.2980. 365,824 shares of the company traded hands, compared to its average volume of 564,898. The stock has a market capitalization of $57.28 billion, a P/E ratio of 23.02, a P/E/G ratio of 2.08 and a beta of 1.72. 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 12-month low of $525.91 and a 12-month high of $933.32. The business has a fifty day moving average price of $816.79 and a 200-day moving average price of $712.58.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data 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 for 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 quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. Equities analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

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

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.