Chevy Chase Trust Holdings LLC Boosts Position in United Rentals, Inc. $URI

Chevy Chase Trust Holdings LLC increased its position in shares of United Rentals, Inc. (NYSE:URI) by 0.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 34,645 shares of the construction company’s stock after acquiring an additional 203 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in United Rentals were worth $26,102,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Fourth Dimension Wealth LLC acquired a new position in United Rentals in the 1st quarter valued at about $26,000. TruNorth Capital Management LLC raised its position in shares of United Rentals by 1,266.7% during the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock valued at $26,000 after buying an additional 38 shares during the period. Flaharty Asset Management LLC acquired a new position in United Rentals in the first quarter valued at approximately $30,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in United Rentals by 69.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock worth $31,000 after acquiring an additional 20 shares during the last quarter. Finally, Maseco LLP acquired a new stake in United Rentals during the second quarter worth $32,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Trading Down 2.6%

NYSE URI opened at $979.96 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. The firm has a market cap of $63.05 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 2.32 and a beta of 1.73. The firm has a 50 day simple moving average of $950.90 and a 200-day simple moving average of $797.07. United Rentals, Inc. has a one year low of $525.91 and a one year high of $1,021.47.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.54 by ($0.07). The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.United Rentals’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. Equities research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals’s payout ratio is presently 18.52%.

Wall Street Analysts Forecast Growth

URI has been the subject of a number of research analyst reports. Evercore ISI reiterated an “outperform” rating on shares of United Rentals in a report on Tuesday, August 19th. Citigroup increased their target price on shares of United Rentals from $1,000.00 to $1,080.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. 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 note on Tuesday, September 23rd. Morgan Stanley increased their price objective on shares of United Rentals from $702.00 to $955.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Finally, BNP Paribas Exane raised United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 target price on the stock in a research report on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, United Rentals has an average rating of “Moderate Buy” and a consensus price target of $956.13.

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.