Genus Capital Management Inc. Acquires 2,790 Shares of United Rentals, Inc. $URI

Genus Capital Management Inc. raised its holdings in United Rentals, Inc. (NYSE:URI) by 283.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,775 shares of the construction company’s stock after acquiring an additional 2,790 shares during the quarter. Genus Capital Management Inc.’s holdings in United Rentals were worth $2,844,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of URI. Mutual Advisors LLC grew its position in United Rentals by 63.0% in the 1st quarter. Mutual Advisors LLC now owns 507 shares of the construction company’s stock valued at $321,000 after acquiring an additional 196 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in United Rentals by 46.9% in the 1st quarter. OneDigital Investment Advisors LLC now owns 1,009 shares of the construction company’s stock valued at $632,000 after acquiring an additional 322 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in United Rentals by 12.0% in the 1st quarter. Concurrent Investment Advisors LLC now owns 503 shares of the construction company’s stock valued at $315,000 after acquiring an additional 54 shares during the last quarter. Envestnet Asset Management Inc. grew its position in United Rentals by 16.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 145,216 shares of the construction company’s stock valued at $91,007,000 after acquiring an additional 20,053 shares during the last quarter. Finally, TD Private Client Wealth LLC grew 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 acquiring an additional 1,205 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

URI opened at $852.40 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $54.24 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 1.97 and a beta of 1.73. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $1,021.47. The business’s fifty day simple moving average is $949.36 and its 200-day simple moving average is $828.71.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.16 billion. United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the company earned $11.80 earnings per share. United Rentals has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share 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. Investors of record on Wednesday, November 12th will be paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, November 12th. United Rentals’s dividend payout ratio is 18.42%.

Analyst Ratings Changes

Several equities analysts have commented on URI shares. KeyCorp reaffirmed an “overweight” rating on shares of United Rentals in a research report on Friday, October 24th. Morgan Stanley increased their price target on United Rentals from $702.00 to $955.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Barclays dropped their price target on United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a research report on Monday, October 20th. Royal Bank Of Canada set a $1,123.00 price target on United Rentals in a research report on Friday, October 24th. Finally, JPMorgan Chase & Co. increased their price target on United Rentals from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $974.47.

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.