Ironwood Investment Counsel LLC Invests $202,000 in United Rentals, Inc. $URI

Ironwood Investment Counsel LLC purchased a new stake in United Rentals, Inc. (NYSE:URI) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 268 shares of the construction company’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in URI. Vanguard Group Inc. boosted its holdings in shares of United Rentals by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 7,422,036 shares of the construction company’s stock valued at $4,651,390,000 after buying an additional 29,501 shares in the last quarter. JPMorgan Chase & Co. lifted its position in United Rentals by 98.1% in the first quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company’s stock valued at $685,488,000 after acquiring an additional 541,579 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in United Rentals by 28.8% in the first quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company’s stock valued at $532,561,000 after acquiring an additional 190,007 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of United Rentals by 6.4% during the second quarter. Nordea Investment Management AB now owns 749,276 shares of the construction company’s stock worth $565,374,000 after purchasing an additional 44,854 shares during the last quarter. Finally, Boston Partners grew its holdings in shares of United Rentals by 74.2% during the second quarter. Boston Partners now owns 713,934 shares of the construction company’s stock worth $541,534,000 after purchasing an additional 304,062 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analysts Set New Price Targets

URI has been the subject of several research reports. Evercore ISI reissued an “outperform” rating on shares of United Rentals in a report on Tuesday, August 19th. Argus set a $935.00 price objective on United Rentals in a report on Tuesday, August 12th. Robert W. Baird upgraded shares of United Rentals from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $888.00 to $1,050.00 in a research report on Wednesday, October 1st. Sanford C. Bernstein set a $1,128.00 price target on shares of United Rentals and gave the company an “outperform” rating in a research report on Tuesday, September 23rd. Finally, Bank of America increased their price target 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. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $974.47.

United Rentals Stock Up 0.5%

Shares of NYSE:URI opened at $859.46 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.40. The company has a market cap of $54.69 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 1.97 and a beta of 1.73. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,021.47. The firm’s 50-day simple moving average is $936.98 and its 200-day simple moving average is $837.52.

United Rentals (NYSE:URI) last released its earnings results 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). The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.16 billion. United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $11.80 EPS. United Rentals has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

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 issued a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is 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.