Paradigm Asset Management Co. LLC Acquires 1,700 Shares of United Rentals, Inc. $URI

Paradigm Asset Management Co. LLC lifted its stake in shares of United Rentals, Inc. (NYSE:URI) by 258.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,358 shares of the construction company’s stock after buying an additional 1,700 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in United Rentals were worth $1,777,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in United Rentals in the second quarter valued at approximately $298,000. Access Investment Management LLC acquired a new stake in United Rentals in the 2nd quarter valued at $24,021,000. Roundview Capital LLC increased its stake in United Rentals by 9.2% during the 2nd quarter. Roundview Capital LLC now owns 5,909 shares of the construction company’s stock valued at $4,452,000 after purchasing an additional 496 shares in the last quarter. Callahan Advisors LLC raised its holdings in United Rentals by 2.3% during the second quarter. Callahan Advisors LLC now owns 11,584 shares of the construction company’s stock worth $8,727,000 after buying an additional 264 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of United Rentals by 6.6% during the second quarter. Nisa Investment Advisors LLC now owns 20,362 shares of the construction company’s stock valued at $15,341,000 after buying an additional 1,263 shares during the last quarter. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Performance

NYSE:URI opened at $846.21 on Friday. The company has a market capitalization of $53.84 billion, a P/E ratio of 21.76, a P/E/G ratio of 1.97 and a beta of 1.73. The business has a fifty day simple moving average of $942.78 and a two-hundred day simple moving average of $830.83. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84. 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 results on Wednesday, October 22nd. The construction company reported $11.70 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $4.16 billion. During the same period in the prior year, the company earned $11.80 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. On average, analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, November 12th. United Rentals’s dividend payout ratio (DPR) is currently 18.42%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on URI shares. Bank of America raised their price target on shares of United Rentals from $895.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Royal Bank Of Canada set a $1,123.00 target price on United Rentals in a report on Friday, October 24th. KeyCorp reissued an “overweight” rating on shares of United Rentals in a research report on Friday, October 24th. Baird R W raised shares of United Rentals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Barclays reduced their target price on shares of United Rentals from $620.00 to $600.00 and set an “underweight” rating for the company in a research note on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and a consensus price target of $974.47.

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.