Banco Bilbao Vizcaya Argentaria S.A. Purchases 4,059 Shares of United Rentals, Inc. $URI

Banco Bilbao Vizcaya Argentaria S.A. boosted its position in United Rentals, Inc. (NYSE:URI) by 239.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,752 shares of the construction company’s stock after acquiring an additional 4,059 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in United Rentals were worth $4,331,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of URI. Flaharty Asset Management LLC purchased a new stake in United Rentals in the first quarter worth approximately $30,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in United Rentals by 69.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock valued at $31,000 after buying an additional 20 shares during the last quarter. Maseco LLP bought a new position in shares of United Rentals during the 2nd quarter valued at $32,000. Trust Co. of Toledo NA OH bought a new position in shares of United Rentals during the 2nd quarter valued at $38,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of United Rentals by 560.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 66 shares of the construction company’s stock worth $41,000 after buying an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on URI shares. Baird R W upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. BNP Paribas set a $900.00 price target on United Rentals and gave the company a “neutral” rating in a research note on Tuesday, September 16th. JPMorgan Chase & Co. increased their price objective on shares of United Rentals from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Monday, September 22nd. Citigroup reissued a “buy” rating on shares of United Rentals in a report on Thursday, October 23rd. Finally, Sanford C. Bernstein set a $1,128.00 target price on shares of United Rentals and gave the company an “outperform” rating in a research report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $975.61.

United Rentals Price Performance

Shares of NYSE:URI opened at $832.82 on Friday. The company has a market capitalization of $52.99 billion, a P/E ratio of 21.42, a P/E/G ratio of 1.97 and a beta of 1.73. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47. The firm’s 50 day simple moving average is $931.67 and its two-hundred day simple moving average is $840.44. 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 (NYSE:URI) last announced its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.16 billion. During the same period last year, the company earned $11.80 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. Research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be given a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, November 12th. United Rentals’s payout ratio is presently 18.42%.

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.