Vise Technologies Inc. Takes $7.51 Million Position in United Rentals, Inc. $URI

Vise Technologies Inc. purchased a new position in shares of United Rentals, Inc. (NYSE:URI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,974 shares of the construction company’s stock, valued at approximately $7,514,000.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of United Rentals by 0.4% during the first quarter. Vanguard Group Inc. now owns 7,422,036 shares of the construction company’s stock worth $4,651,390,000 after purchasing an additional 29,501 shares during the period. JPMorgan Chase & Co. grew its position in United Rentals by 98.1% during the first quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company’s stock worth $685,488,000 after buying an additional 541,579 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in United Rentals by 28.8% during the first quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company’s stock worth $532,561,000 after buying an additional 190,007 shares in the last quarter. Nordea Investment Management AB increased its stake in United Rentals by 6.4% during the 2nd quarter. Nordea Investment Management AB now owns 749,276 shares of the construction company’s stock worth $565,374,000 after acquiring an additional 44,854 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in 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 acquiring an additional 120,449 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Trading Up 0.1%

URI opened at $846.21 on Monday. The company has a market cap of $53.84 billion, a P/E ratio of 21.76, a PEG ratio of 1.97 and a beta of 1.73. 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’s 50 day moving average is $942.78 and its 200-day moving average is $834.34. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47.

United Rentals (NYSE:URI) last issued its quarterly earnings data 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 company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same period in the previous year, the company earned $11.80 EPS. United Rentals’s revenue for the quarter was up 5.9% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. Equities research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be issued a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is 18.42%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on URI shares. Baird R W raised United Rentals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Bank of America increased their price objective on shares of United Rentals from $895.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. BNP Paribas set a $900.00 target price on shares of United Rentals and gave the company a “neutral” rating in a report on Tuesday, September 16th. Barclays cut their price target on shares of United Rentals from $620.00 to $600.00 and set an “underweight” rating for the company in a report on Monday, October 20th. Finally, BNP Paribas Exane raised 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, twelve have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $974.47.

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.