XTX Topco Ltd Makes New Investment in United Rentals, Inc. (NYSE:URI)

XTX Topco Ltd bought a new stake in shares of United Rentals, Inc. (NYSE:URI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 320 shares of the construction company’s stock, valued at approximately $207,000.

Other hedge funds also recently made changes to their positions in the company. Hsbc Holdings PLC raised its position in United Rentals by 5.7% in the second quarter. Hsbc Holdings PLC now owns 382,536 shares of the construction company’s stock worth $247,001,000 after acquiring an additional 20,481 shares during the period. Waterloo Capital L.P. increased its stake in shares of United Rentals by 0.5% during the 2nd quarter. Waterloo Capital L.P. now owns 4,816 shares of the construction company’s stock worth $3,115,000 after purchasing an additional 26 shares during the last quarter. Marsico Capital Management LLC raised its holdings in shares of United Rentals by 27.0% in the 2nd quarter. Marsico Capital Management LLC now owns 6,401 shares of the construction company’s stock worth $4,140,000 after purchasing an additional 1,360 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in United Rentals by 15.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 7,730 shares of the construction company’s stock valued at $4,958,000 after purchasing an additional 1,024 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its holdings in United Rentals by 15.4% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,089 shares of the construction company’s stock valued at $704,000 after purchasing an additional 145 shares during the period. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Performance

NYSE:URI opened at $814.10 on Monday. United Rentals, Inc. has a twelve month low of $387.01 and a twelve month high of $826.24. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.39. The stock has a market cap of $54.21 billion, a P/E ratio of 22.05, a PEG ratio of 1.86 and a beta of 1.68. The business’s 50-day moving average price is $730.26 and its two-hundred day moving average price is $691.92.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.48 by $0.22. The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.77 billion. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. United Rentals’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $9.88 earnings per share. As a group, equities analysts predict that United Rentals, Inc. will post 44.39 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were paid a $1.63 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $6.52 dividend on an annualized basis and a yield of 0.80%. United Rentals’s dividend payout ratio is presently 17.66%.

Insider Buying and Selling at United Rentals

In other news, SVP Joli L. Gross sold 360 shares of the 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 in the company, valued at approximately $2,822,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Citigroup began coverage on shares of United Rentals in a research report on Wednesday, June 26th. They set a “buy” rating and a $745.00 target price for the company. Truist Financial boosted their price target on shares of United Rentals from $785.00 to $873.00 and gave the company a “buy” rating in a research report on Friday, July 26th. The Goldman Sachs Group raised their price objective on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Raymond James initiated coverage on shares of United Rentals in a report on Friday, June 28th. They set an “outperform” rating and a $750.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $687.46.

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.