United Rentals, Inc. $URI Stock Holdings Boosted by Bank of Jackson Hole Trust

Bank of Jackson Hole Trust raised its position in shares of United Rentals, Inc. (NYSE:URI) by 12.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 112 shares of the construction company’s stock after purchasing an additional 12 shares during the quarter. Bank of Jackson Hole Trust’s holdings in United Rentals were worth $84,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in URI. Nuveen LLC bought a new position in United Rentals during the 1st quarter valued at $402,291,000. JPMorgan Chase & Co. boosted its stake in United Rentals by 98.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company’s stock valued at $685,488,000 after purchasing an additional 541,579 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in United Rentals during the 2nd quarter valued at $152,069,000. The Manufacturers Life Insurance Company boosted its stake in United Rentals by 28.8% during 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 purchasing an additional 190,007 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in United Rentals by 4,436.8% during the 2nd quarter. Bessemer Group Inc. now owns 163,552 shares of the construction company’s stock valued at $123,221,000 after purchasing an additional 159,947 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. KeyCorp reiterated an “overweight” rating on shares of United Rentals in a research report on Friday, October 24th. Royal Bank Of Canada set a $1,123.00 price objective on United Rentals in a research report on Friday, October 24th. Morgan Stanley increased their price objective on United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Robert W. Baird upgraded United Rentals from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $888.00 to $1,050.00 in a research report on Wednesday, October 1st. Finally, Evercore ISI reiterated an “outperform” rating on shares of United Rentals in a research report on Tuesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $974.47.

United Rentals Price Performance

Shares of NYSE:URI opened at $871.33 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,021.47. The business has a fifty day simple moving average of $954.60 and a 200 day simple moving average of $819.55. The firm has a market cap of $55.44 billion, a price-to-earnings ratio of 22.41, a P/E/G ratio of 1.98 and a beta of 1.73.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 earnings per share (EPS) 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 firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.16 billion. During the same quarter in the prior year, the business posted $11.80 earnings per share. United Rentals’s revenue was up 5.9% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

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