United Rentals, Inc. (NYSE:URI) Position Lifted by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC raised its stake in United Rentals, Inc. (NYSE:URI) by 15.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 7,730 shares of the construction company’s stock after purchasing an additional 1,024 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in United Rentals were worth $4,958,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Capital Research Global Investors lifted its stake in United Rentals by 39.1% during the fourth quarter. Capital Research Global Investors now owns 6,399,808 shares of the construction company’s stock worth $3,669,806,000 after purchasing an additional 1,799,997 shares during the last quarter. Capital International Investors bought a new stake in United Rentals during the first quarter valued at $332,349,000. AMF Tjanstepension AB raised its holdings in shares of United Rentals by 77.7% during the second quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company’s stock worth $295,626,000 after purchasing an additional 199,810 shares during the period. AGF Management Ltd. lifted its position in shares of United Rentals by 4,778.7% in the 2nd quarter. AGF Management Ltd. now owns 103,672 shares of the construction company’s stock worth $67,048,000 after buying an additional 101,547 shares during the last quarter. Finally, Heritage Wealth Advisors boosted its holdings in shares of United Rentals by 15,100.8% in the 1st quarter. Heritage Wealth Advisors now owns 100,781 shares of the construction company’s stock valued at $72,674,000 after buying an additional 100,118 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Stock Performance

Shares of URI opened at $773.29 on Thursday. United Rentals, Inc. has a 52-week low of $387.01 and a 52-week high of $801.39. The firm has a market capitalization of $51.49 billion, a PE ratio of 20.95, a P/E/G ratio of 1.72 and a beta of 1.68. The firm has a 50-day moving average price of $715.08 and a 200 day moving average price of $685.31. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.39.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 EPS for the quarter, beating analysts’ consensus estimates of $10.48 by $0.22. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the business earned $9.88 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, sell-side analysts anticipate that United Rentals, Inc. will post 44.39 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Wednesday, August 14th. United Rentals’s dividend payout ratio is presently 17.66%.

Insider Activity

In related news, SVP Joli L. Gross sold 360 shares of United Rentals stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $690.00, for a total transaction of $248,400.00. Following the transaction, the senior vice president now directly owns 4,090 shares of the company’s stock, valued at $2,822,100. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on URI shares. Truist Financial increased their price objective on shares of United Rentals from $785.00 to $873.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Raymond James started coverage on United Rentals in a research report on Friday, June 28th. They set an “outperform” rating and a $750.00 price target on the stock. Citigroup began coverage on United Rentals in a research report on Wednesday, June 26th. They set a “buy” rating and a $745.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on United Rentals in a research report on Friday, June 7th. They issued an “overweight” rating and a $780.00 target price on the stock. Finally, Evercore ISI boosted their price target on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, United Rentals currently has an average rating of “Hold” and an average target price of $675.15.

United Rentals Company 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.