Camden National Bank Acquires Shares of 361 United Rentals, Inc. $URI

Camden National Bank bought a new position in shares of United Rentals, Inc. (NYSE:URI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 361 shares of the construction company’s stock, valued at approximately $272,000.

A number of other hedge funds also recently modified their holdings of URI. Flaharty Asset Management LLC acquired a new stake in United Rentals during the first quarter worth about $30,000. Maseco LLP bought a new stake in shares of United Rentals during the 2nd quarter worth approximately $32,000. Trust Co. of Toledo NA OH acquired a new stake in shares of United Rentals during the 2nd quarter worth approximately $38,000. Clal Insurance Enterprises Holdings Ltd raised its position in 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 purchasing an additional 56 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its position in 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 purchasing an additional 28 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on URI shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of United Rentals in a research note on Wednesday, October 8th. BNP Paribas set a $900.00 target price on United Rentals and gave the company a “neutral” rating in a research report on Tuesday, September 16th. BNP Paribas Exane raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 target price for the company in a report on Tuesday, September 16th. Baird R W upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, UBS Group reiterated a “neutral” rating and set a $1,025.00 price objective on shares of United Rentals in a research report on Tuesday, October 28th. Two research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $975.61.

United Rentals Stock Up 4.1%

Shares of NYSE URI opened at $801.50 on Friday. The company has a 50 day simple moving average of $915.96 and a 200 day simple moving average of $844.15. 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 firm has a market cap of $51.00 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 1.97 and a beta of 1.73.

United Rentals (NYSE:URI) last announced its quarterly 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 during the quarter, compared to analyst estimates of $4.16 billion. United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $11.80 earnings per share. United Rentals has set its FY 2025 guidance at EPS. On average, research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be given a dividend of $1.79 per share. This represents a $7.16 annualized dividend 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 currently 18.42%.

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.