UniSuper Management Pty Ltd Buys 519 Shares of United Rentals, Inc. $URI

Key Points

• UniSuper Management Pty Ltd increased its stake in United Rentals, Inc. by 9.9%, owning 5,754 shares valued at $3,606,000 as of the latest SEC report.
• United Rentals reported a quarterly EPS of $10.47, slightly below the consensus estimate of $10.54, with revenues of $3.94 billion, representing a year-over-year growth of 4.5%.
• Stock analysts have set a consensus rating of "Moderate Buy” for United Rentals, with an average price target of $842.86.

UniSuper Management Pty Ltd increased its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 9.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,754 shares of the construction company's stock after acquiring an additional 519 shares during the period. UniSuper Management Pty Ltd's holdings in United Rentals were worth $3,606,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in URI. Vanguard Group Inc. lifted its stake in United Rentals by 0.4% during the first quarter. Vanguard Group Inc. now owns 7,422,036 shares of the construction company's stock valued at $4,651,390,000 after purchasing an additional 29,501 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in United Rentals by 98.1% during the first quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company's stock valued at $685,488,000 after purchasing an additional 541,579 shares during the last quarter. GAMMA Investing LLC lifted its stake in United Rentals by 77,674.5% during the first quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock valued at $556,138,000 after purchasing an additional 886,266 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of United Rentals by 28.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company's stock valued at $532,561,000 after acquiring an additional 190,007 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of United Rentals by 22.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company's stock valued at $414,406,000 after acquiring an additional 120,449 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

URI has been the subject of a number of research analyst reports. Citigroup reiterated a "buy" rating and issued a $810.00 target price (up previously from $740.00) on shares of United Rentals in a research report on Tuesday, June 24th. Evercore ISI reiterated an "outperform" rating on shares of United Rentals in a research report on Tuesday, August 19th. Morgan Stanley increased their target price on shares of United Rentals from $702.00 to $955.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. The Goldman Sachs Group increased their target price 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, Argus set a $935.00 price target on shares of United Rentals in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $842.86.

United Rentals Stock Performance

NYSE URI traded down $20.98 during midday trading on Friday, hitting $938.61. The company had a trading volume of 534,834 shares, compared to its average volume of 635,270. The firm has a fifty day simple moving average of $883.26 and a two-hundred day simple moving average of $736.44. The stock has a market cap of $60.39 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 2.18 and a beta of 1.72. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $980.53. 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 (NYSE:URI - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing the consensus estimate of $10.54 by ($0.07). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same quarter last year, the firm posted $10.70 earnings per share. United Rentals's revenue was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. Equities analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

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