Waterloo Capital L.P. Raises Stake in United Rentals, Inc. $URI

Waterloo Capital L.P. lifted its stake in United Rentals, Inc. (NYSE:URI) by 3.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,799 shares of the construction company’s stock after purchasing an additional 142 shares during the period. Waterloo Capital L.P.’s holdings in United Rentals were worth $3,616,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Flaharty Asset Management LLC purchased a new stake in shares of United Rentals in the first quarter valued at approximately $30,000. Maseco LLP purchased a new stake in shares of United Rentals in the 2nd quarter worth $32,000. Trust Co. of Toledo NA OH bought a new position in shares of United Rentals during the 2nd quarter worth $38,000. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of United Rentals by 560.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 66 shares of the construction company’s stock valued at $41,000 after buying an additional 56 shares during the period. Finally, Hantz Financial Services Inc. increased its stake in shares of United Rentals by 103.7% during the second quarter. Hantz Financial Services Inc. now owns 55 shares of the construction company’s stock valued at $42,000 after buying an additional 28 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Stock Performance

Shares of URI stock opened at $801.50 on Friday. 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 cap of $51.00 billion, a PE ratio of 20.61, 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 $915.96 and its 200-day simple moving average is $845.49.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.16 billion. During the same quarter last year, the firm earned $11.80 earnings per share. 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. Analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, November 12th. United Rentals’s payout ratio is presently 18.42%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. UBS Group reaffirmed a “neutral” rating and issued a $1,025.00 price objective on shares of United Rentals in a research note on Tuesday, October 28th. Evercore ISI reaffirmed an “outperform” rating on shares of United Rentals in a research report on Tuesday, August 19th. KeyCorp reiterated an “overweight” rating on shares of United Rentals in a research note on Friday, October 24th. Sanford C. Bernstein set a $1,128.00 price objective on shares of United Rentals and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Finally, Wells Fargo & Company started coverage on United Rentals in a report on Thursday, November 13th. They set an “overweight” rating and a $995.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $975.61.

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.