United Rentals, Inc. $URI Shares Acquired by Findlay Park Partners LLP

Key Points

• Findlay Park Partners LLP increased its stake in United Rentals, Inc. by 1.3%, now owning 235,536 shares valued at approximately $147.6 million.
• United Rentals reports a Q2 revenue of $3.94 billion, surpassing estimates, but EPS fell short of expectations at $10.47.
• The company also announced a quarterly dividend of $1.79 per share, yielding 0.8%, with a scheduled payment date of August 27th.

Findlay Park Partners LLP increased its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 1.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 235,536 shares of the construction company's stock after acquiring an additional 3,100 shares during the period. Findlay Park Partners LLP owned approximately 0.36% of United Rentals worth $147,610,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of URI. Integrated Wealth Concepts LLC boosted its position in shares of United Rentals by 7.6% in the fourth quarter. Integrated Wealth Concepts LLC now owns 382 shares of the construction company's stock worth $269,000 after acquiring an additional 27 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in United Rentals in the fourth quarter valued at approximately $844,000. Johnson Financial Group Inc. raised its holdings in United Rentals by 77.2% in the fourth quarter. Johnson Financial Group Inc. now owns 140 shares of the construction company's stock valued at $106,000 after buying an additional 61 shares during the period. Quarry LP purchased a new position in United Rentals in the fourth quarter valued at approximately $54,000. Finally, Northern Trust Corp raised its holdings in United Rentals by 15.4% in the fourth quarter. Northern Trust Corp now owns 656,053 shares of the construction company's stock valued at $462,150,000 after buying an additional 87,617 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Up 0.7%

Shares of United Rentals stock traded up $6.94 on Thursday, hitting $956.28. 527,669 shares of the company's stock traded hands, compared to its average volume of 481,679. The stock has a market cap of $61.53 billion, a P/E ratio of 24.73, a PEG ratio of 2.19 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. The firm's 50-day moving average is $841.69 and its 200 day moving average is $719.42. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $960.00.

United Rentals (NYSE:URI - Get Free Report) last released 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 business 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%. The business's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $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 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, August 13th. United Rentals's dividend payout ratio is 18.52%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on URI. The Goldman Sachs Group raised their price target on shares of United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. UBS Group raised their price target on shares of United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. KeyCorp raised their price target on shares of United Rentals from $865.00 to $960.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Redburn Atlantic downgraded shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective for the company. in a research report on Friday, June 13th. Finally, Bank of America increased their price objective 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 issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average 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.