United Rentals, Inc. $URI Shares Bought by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey grew its holdings in United Rentals, Inc. (NYSE:URI) by 3.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 9,846 shares of the construction company’s stock after buying an additional 308 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in United Rentals were worth $7,418,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of URI. PNC Financial Services Group Inc. boosted its stake in United Rentals by 1.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 60,863 shares of the construction company’s stock worth $45,854,000 after purchasing an additional 782 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of United Rentals by 5.3% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 31,108 shares of the construction company’s stock worth $23,437,000 after buying an additional 1,558 shares during the period. Ironwood Investment Counsel LLC purchased a new stake in shares of United Rentals during the second quarter valued at $202,000. Advyzon Investment Management LLC increased its position in shares of United Rentals by 103.9% in the 2nd quarter. Advyzon Investment Management LLC now owns 414 shares of the construction company’s stock valued at $312,000 after acquiring an additional 211 shares during the period. Finally, Verus Capital Partners LLC raised its stake in United Rentals by 35.8% in the 2nd quarter. Verus Capital Partners LLC now owns 691 shares of the construction company’s stock worth $521,000 after acquiring an additional 182 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on URI shares. BNP Paribas set a $900.00 price target on United Rentals and gave the company a “neutral” rating in a research note on Tuesday, September 16th. Morgan Stanley lifted their target price on United Rentals from $702.00 to $955.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Barclays cut their price target on shares of United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a report on Monday, October 20th. Royal Bank Of Canada set a $1,123.00 price objective on shares of United Rentals in a research note on Friday, October 24th. Finally, BNP Paribas Exane upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price objective on the stock in a research note on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $975.61.

United Rentals Price Performance

NYSE:URI opened at $843.44 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84. The company has a 50 day moving average price of $934.53 and a 200-day moving average price of $837.56. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47. The firm has a market cap of $53.67 billion, a price-to-earnings ratio of 21.69, 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 EPS for the quarter, missing the consensus estimate of $12.43 by ($0.73). United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same quarter in the prior year, the business posted $11.80 EPS. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. Equities research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The firm 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. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, November 12th. United Rentals’s payout ratio is currently 18.42%.

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.