Franklin Resources Inc. Raises Position in United Rentals, Inc. $URI

Franklin Resources Inc. increased its holdings in United Rentals, Inc. (NYSE:URI) by 6.1% in the second quarter, Holdings Channel.com reports. The firm owned 1,231,108 shares of the construction company’s stock after purchasing an additional 70,870 shares during the period. Franklin Resources Inc.’s holdings in United Rentals were worth $927,517,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in United Rentals by 71.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,874,127 shares of the construction company’s stock worth $1,411,968,000 after buying an additional 780,322 shares during the last quarter. Nuveen LLC purchased a new position in shares of United Rentals during the 1st quarter worth about $402,291,000. Boston Partners boosted its position in shares of United Rentals by 74.2% in the second quarter. Boston Partners now owns 713,934 shares of the construction company’s stock worth $541,534,000 after acquiring an additional 304,062 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in United Rentals in the second quarter valued at approximately $152,069,000. Finally, The Manufacturers Life Insurance Company increased 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 purchasing an additional 190,007 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Price Performance

Shares of NYSE URI opened at $770.17 on Friday. 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. The company has a market capitalization of $49.01 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 1.97 and a beta of 1.74. The business has a 50-day moving average of $918.70 and a 200-day moving average of $843.15.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 22nd. The construction company reported $11.70 EPS for the quarter, missing the consensus estimate of $12.43 by ($0.73). The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.16 billion. United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $11.80 earnings per share. United Rentals has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently declared 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. This represents a $7.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 12th. United Rentals’s dividend payout ratio (DPR) is presently 18.42%.

Analyst Upgrades and Downgrades

URI has been the subject of several research reports. Bank of America boosted their price objective on shares of United Rentals from $895.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. upped their price target on United Rentals from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Monday, September 22nd. BNP Paribas Exane raised 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. Barclays decreased their target price on United Rentals from $620.00 to $600.00 and set an “underweight” rating for the company in a report on Monday, October 20th. Finally, Morgan Stanley raised their price target on shares of United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a report on Monday, July 28th. 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. According to data from MarketBeat, United Rentals presently has a consensus rating of “Moderate Buy” and a consensus target price of $975.61.

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.