EFG Asset Management North America Corp. Purchases 1,426 Shares of United Rentals, Inc. $URI

EFG Asset Management North America Corp. lifted its stake in shares of United Rentals, Inc. (NYSE:URI) by 53.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,079 shares of the construction company’s stock after buying an additional 1,426 shares during the quarter. EFG Asset Management North America Corp.’s holdings in United Rentals were worth $3,074,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in URI. Mutual Advisors LLC lifted its stake in shares of United Rentals by 63.0% in the first quarter. Mutual Advisors LLC now owns 507 shares of the construction company’s stock valued at $321,000 after buying an additional 196 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of United Rentals by 46.9% in the first quarter. OneDigital Investment Advisors LLC now owns 1,009 shares of the construction company’s stock worth $632,000 after purchasing an additional 322 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of United Rentals by 12.0% in the first quarter. Concurrent Investment Advisors LLC now owns 503 shares of the construction company’s stock valued at $315,000 after purchasing an additional 54 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in United Rentals by 16.0% during the first quarter. Envestnet Asset Management Inc. now owns 145,216 shares of the construction company’s stock worth $91,007,000 after buying an additional 20,053 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its position in United Rentals by 70.2% in the 1st quarter. TD Private Client Wealth LLC now owns 2,921 shares of the construction company’s stock valued at $1,831,000 after buying an additional 1,205 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Trading Down 0.6%

Shares of URI stock opened at $852.40 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.40. The firm has a market cap of $54.24 billion, a P/E ratio of 21.92, a price-to-earnings-growth ratio of 1.97 and a beta of 1.73. The business has a 50-day moving average price of $949.36 and a two-hundred day moving average price of $828.71. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $1,021.47.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 EPS for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the previous year, the business earned $11.80 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be given a $1.79 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $7.16 annualized dividend and a yield of 0.8%. United Rentals’s payout ratio is presently 18.42%.

Wall Street Analyst Weigh In

URI has been the topic of several recent analyst reports. Truist Financial set a $1,169.00 target price on shares of United Rentals in a research report on Friday, October 24th. Baird R W raised United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Barclays cut their target price on shares of United Rentals from $620.00 to $600.00 and set an “underweight” rating for the company in a research report on Monday, October 20th. UBS Group reaffirmed a “neutral” rating and issued a $1,025.00 price objective on shares of United Rentals in a report on Tuesday, October 28th. Finally, Sanford C. Bernstein set a $1,128.00 target price on United Rentals and gave the stock an “outperform” rating in a research report on Tuesday, September 23rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $974.47.

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.