Federated Hermes Inc. Has $25.11 Million Stock Position in United Rentals, Inc. $URI

Federated Hermes Inc. increased its position in United Rentals, Inc. (NYSE:URI) by 203.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,332 shares of the construction company’s stock after buying an additional 22,341 shares during the period. Federated Hermes Inc. owned 0.05% of United Rentals worth $25,112,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Chicago Partners Investment Group LLC increased its holdings in shares of United Rentals by 33.0% during the first quarter. Chicago Partners Investment Group LLC now owns 459 shares of the construction company’s stock valued at $299,000 after acquiring an additional 114 shares in the last quarter. Frank Rimerman Advisors LLC acquired a new stake in United Rentals in the 1st quarter valued at $313,000. Benjamin Edwards Inc. increased its stake in United Rentals by 0.8% during the 1st quarter. Benjamin Edwards Inc. now owns 4,750 shares of the construction company’s stock valued at $2,977,000 after purchasing an additional 38 shares in the last quarter. Cooper Financial Group raised its holdings in United Rentals by 5.6% during the first quarter. Cooper Financial Group now owns 794 shares of the construction company’s stock worth $498,000 after buying an additional 42 shares during the last quarter. Finally, Aigen Investment Management LP raised its holdings in United Rentals by 111.9% during the first quarter. Aigen Investment Management LP now owns 854 shares of the construction company’s stock worth $535,000 after buying an additional 451 shares during the last quarter. 96.26% of the stock is owned by institutional investors.

United Rentals Price Performance

United Rentals stock opened at $788.90 on Wednesday. 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, Inc. has a one year low of $525.91 and a one year high of $1,021.47. The firm has a market capitalization of $50.20 billion, a P/E ratio of 20.29, a PEG ratio of 1.78 and a beta of 1.68. The business has a fifty day moving average price of $882.58 and a 200-day moving average price of $855.25.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, October 22nd. The construction company reported $11.70 EPS for the quarter, missing the consensus estimate of $12.43 by ($0.73). The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.16 billion. United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $11.80 EPS. As a group, equities research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, November 12th. United Rentals’s dividend payout ratio (DPR) is 18.42%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Barclays reduced their price objective on shares of United Rentals from $620.00 to $600.00 and set an “underweight” rating for the company in a report on Monday, October 20th. Wells Fargo & Company assumed coverage on United Rentals in a research note on Thursday, November 13th. They set an “overweight” rating and a $995.00 price target for the company. Royal Bank Of Canada set a $1,123.00 price objective on United Rentals in a research note on Friday, October 24th. Argus set a $935.00 target price on United Rentals in a research report on Tuesday, August 12th. Finally, Baird R W raised United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $968.94.

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.