12,524 Shares in United Rentals, Inc. $URI Bought by OP Asset Management Ltd

OP Asset Management Ltd purchased a new position in shares of United Rentals, Inc. (NYSE:URI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,524 shares of the construction company’s stock, valued at approximately $9,124,000.

Other hedge funds also recently bought and sold shares of the company. Capital International Investors grew its position in shares of United Rentals by 22.8% during the third quarter. Capital International Investors now owns 3,402,524 shares of the construction company’s stock worth $3,247,762,000 after buying an additional 631,484 shares in the last quarter. Capital World Investors raised its holdings in United Rentals by 1.1% in the fourth quarter. Capital World Investors now owns 2,708,877 shares of the construction company’s stock valued at $2,192,357,000 after acquiring an additional 30,263 shares in the last quarter. Franklin Resources Inc. raised its holdings in United Rentals by 2.2% in the fourth quarter. Franklin Resources Inc. now owns 1,343,981 shares of the construction company’s stock valued at $1,087,711,000 after acquiring an additional 28,895 shares in the last quarter. Norges Bank purchased a new position in United Rentals in the fourth quarter worth approximately $978,017,000. Finally, Alliancebernstein L.P. lifted its stake in United Rentals by 5.6% in the third quarter. Alliancebernstein L.P. now owns 1,088,209 shares of the construction company’s stock worth $1,038,870,000 after acquiring an additional 57,977 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Stock Up 5.3%

URI stock opened at $1,141.16 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. United Rentals, Inc. has a twelve month low of $701.59 and a twelve month high of $1,143.69. The company’s 50 day moving average is $979.61 and its two-hundred day moving average is $879.93. The stock has a market cap of $71.49 billion, a P/E ratio of 29.11, a PEG ratio of 1.71 and a beta of 1.81.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing the consensus estimate of $11.47 by ($1.76). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The company had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter in the prior year, the firm posted $8.86 EPS. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. Research analysts expect that United Rentals, Inc. will post 47.26 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a $1.97 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. United Rentals’s payout ratio is 20.10%.

Insider Activity at United Rentals

In other news, CEO Matthew John Flannery sold 22,768 shares of United Rentals stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the sale, the chief executive officer owned 99,980 shares in the company, valued at approximately $98,478,300.40. The trade was a 18.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Craig Adam Pintoff sold 2,466 shares of the business’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $963.00, for a total value of $2,374,758.00. Following the completion of the sale, the executive vice president directly owned 14,774 shares of the company’s stock, valued at $14,227,362. The trade was a 14.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 26,088 shares of company stock worth $25,628,877. Insiders own 0.47% of the company’s stock.

United Rentals News Summary

Here are the key news stories impacting United Rentals this week:

• Positive Sentiment: Bank of America raised its price target on United Rentals to $1,195 from $1,020 and kept a Buy rating, signaling more upside than previously expected and reinforcing bullish sentiment on the stock. Bank of America raises URI price target
• Positive Sentiment: Zacks upgraded URI to Rank #2 (Buy), citing improving earnings prospects. That kind of ranking upgrade can attract momentum and growth investors. Zacks upgrade to Buy
• Positive Sentiment: Several industry pieces highlighted URI as a beneficiary of construction, infrastructure, and innovation tailwinds even as tariffs, inflation, and housing weakness pressure the broader sector. Industry outlook article
• Neutral Sentiment: Recent articles focused on United Rentals’ long-term performance and a new acquisition, which keep the stock in the spotlight but do not appear to add a major new catalyst on their own. United Rentals’ New Acquisition, Explained
• Neutral Sentiment: Other coverage emphasized construction trends and a broader industry outlook, suggesting URI remains closely tied to the health of the construction cycle and capital spending. Construction trends article

Analysts Set New Price Targets

A number of equities research analysts have commented on URI shares. Bank of America increased their price objective on shares of United Rentals from $1,020.00 to $1,195.00 and gave the company a “buy” rating in a research report on Thursday. Raymond James Financial reaffirmed an “outperform” rating and set a $1,275.00 price objective on shares of United Rentals in a research report on Wednesday, June 10th. Evercore reiterated an “outperform” rating and set a $1,101.00 target price on shares of United Rentals in a research note on Monday, May 11th. JPMorgan Chase & Co. increased their target price on United Rentals from $850.00 to $1,050.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Finally, Robert W. Baird raised their price target on United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Fourteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,070.50.

United Rentals Company Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.