JBF Capital Inc. Acquires New Holdings in United Rentals, Inc. $URI

JBF Capital Inc. bought a new position in shares of United Rentals, Inc. (NYSE:URI) in the second quarter, HoldingsChannel.com reports. The firm bought 7,000 shares of the construction company’s stock, valued at approximately $5,274,000. United Rentals makes up 0.8% of JBF Capital Inc.’s portfolio, making the stock its 12th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Flaharty Asset Management LLC acquired a new stake in shares of United Rentals during the first quarter worth $30,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in United Rentals by 69.0% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock worth $31,000 after acquiring an additional 20 shares during the last quarter. Maseco LLP acquired a new stake in United Rentals during the 2nd quarter worth about $32,000. Trust Co. of Toledo NA OH purchased a new stake in United Rentals during the 2nd quarter valued at about $38,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its stake in United Rentals by 560.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 66 shares of the construction company’s stock valued at $41,000 after purchasing an additional 56 shares during the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Price Performance

NYSE:URI opened at $832.82 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.40. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $1,021.47. The stock’s 50-day moving average price is $931.67 and its 200-day moving average price is $838.98. The stock has a market capitalization of $52.99 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 1.97 and a beta of 1.73.

United Rentals (NYSE:URI) last released its quarterly earnings results 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). United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same period in the previous year, the company posted $11.80 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. As a group, equities analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be paid a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a yield of 0.9%. United Rentals’s dividend payout ratio (DPR) is currently 18.42%.

Analyst Ratings Changes

A number of equities research analysts recently commented on URI shares. BNP Paribas set a $900.00 target price on United Rentals and gave the stock a “neutral” rating in a report on Tuesday, September 16th. BNP Paribas Exane raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price target for the company in a research report on Tuesday, September 16th. Robert W. Baird raised shares of United Rentals from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $888.00 to $1,050.00 in a report on Wednesday, October 1st. Argus set a $935.00 target price on shares of United Rentals in a research report on Tuesday, August 12th. Finally, Morgan Stanley upped their price target on shares of United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, United Rentals has a consensus rating of “Moderate Buy” and an average target price of $975.61.

United Rentals Company 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.