OLD National Bancorp IN Has $1.52 Million Stock Position in United Rentals, Inc. $URI

OLD National Bancorp IN increased its position in United Rentals, Inc. (NYSE:URI) by 139.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,013 shares of the construction company’s stock after purchasing an additional 1,174 shares during the quarter. OLD National Bancorp IN’s holdings in United Rentals were worth $1,517,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of URI. Nuveen LLC acquired a new stake in shares of United Rentals during the first quarter worth $402,291,000. JPMorgan Chase & Co. raised its holdings in United Rentals by 98.1% in the first quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company’s stock worth $685,488,000 after purchasing an additional 541,579 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in shares of United Rentals during the second quarter worth $152,069,000. The Manufacturers Life Insurance Company grew its holdings 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 buying an additional 190,007 shares during the period. Finally, Goldman Sachs Group Inc. increased 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 buying an additional 120,449 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Argus set a $935.00 target price on United Rentals in a report on Tuesday, August 12th. Bank of America boosted their price objective on United Rentals from $895.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Sanford C. Bernstein set a $1,128.00 target price on United Rentals and gave the stock an “outperform” rating in a research note on Tuesday, September 23rd. BNP Paribas Exane raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price target on the stock in a research note on Tuesday, September 16th. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $941.00.

United Rentals Price Performance

Shares of URI opened at $986.21 on Tuesday. 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, Inc. has a twelve month low of $525.91 and a twelve month high of $997.50. The stock has a market capitalization of $63.45 billion, a P/E ratio of 25.50, a P/E/G ratio of 2.27 and a beta of 1.73. The company has a 50 day moving average of $929.39 and a 200-day moving average of $777.32.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing analysts’ consensus estimates of $10.54 by ($0.07). The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, August 13th. United Rentals’s dividend payout ratio is currently 18.52%.

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.