Corient IA LLC Takes $627,000 Position in United Rentals, Inc. $URI

Key Points

• Corient IA LLC has purchased a new position in United Rentals, acquiring 1,000 shares valued at approximately $627,000.
• United Rentals reported a quarterly earnings of $10.47 per share, which was slightly below analyst expectations of $10.54, and showed a revenue increase of 4.5% year-over-year.
• The company has announced a quarterly dividend of $1.79 per share, with an annualized dividend yield of 0.8%.

Corient IA LLC acquired a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,000 shares of the construction company's stock, valued at approximately $627,000.

Several other hedge funds have also recently modified their holdings of URI. Fourth Dimension Wealth LLC purchased a new position in United Rentals in the 1st quarter valued at approximately $26,000. TruNorth Capital Management LLC boosted its stake in shares of United Rentals by 1,266.7% in the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock valued at $26,000 after purchasing an additional 38 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings 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. Grove Bank & Trust purchased a new position in United Rentals during the 1st quarter valued at $36,000. Finally, NBC Securities Inc. purchased a new position in United Rentals during the 1st quarter valued at $40,000. Institutional investors own 96.26% of the company's stock.

United Rentals Price Performance

Shares of NYSE:URI traded up $2.2220 during midday trading on Tuesday, hitting $916.2620. The company's stock had a trading volume of 306,038 shares, compared to its average volume of 604,533. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $933.32. The company has a market cap of $58.95 billion, a P/E ratio of 23.69, a price-to-earnings-growth ratio of 2.11 and a beta of 1.72. The business's 50 day simple moving average is $809.68 and its 200 day simple moving average is $710.22. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same period in the prior year, the company posted $10.70 EPS. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. On average, analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be paid a $1.79 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals's payout ratio is 18.52%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on URI. Bank of America upped their price target on shares of United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. UBS Group lifted their target price on United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Citigroup restated a "buy" rating and set a $810.00 price target (up previously from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. Redburn Atlantic downgraded United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price target on the stock. in a report on Friday, June 13th. Finally, JPMorgan Chase & Co. increased their price objective on United Rentals from $920.00 to $950.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $834.64.

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.