Caxton Associates LLP Invests $1.20 Million in United Rentals, Inc. $URI

Key Points

• Caxton Associates LLP acquired 1,915 shares of United Rentals, Inc. (NYSE:URI), worth approximately $1.2 million, during the first quarter of the year.
• United Rentals reported earnings of $10.47 per share for the last quarter, missing the consensus estimate by $0.07, despite revenues exceeding expectations at $3.94 billion.
• The company recently announced a quarterly dividend of $1.79, representing an annualized dividend yield of 0.8% and a payout ratio of 18.52%.

Caxton Associates LLP bought a new position in United Rentals, Inc. (NYSE:URI - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,915 shares of the construction company's stock, valued at approximately $1,200,000.

Other institutional investors also recently bought and sold shares of the company. Elevation Point Wealth Partners LLC lifted its stake in United Rentals by 32.9% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 2,220 shares of the construction company's stock valued at $1,391,000 after acquiring an additional 550 shares during the period. Dynamic Advisor Solutions LLC purchased a new stake in United Rentals during the 1st quarter valued at approximately $602,000. Wealth Enhancement Advisory Services LLC grew its holdings in United Rentals by 12.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,160 shares of the construction company's stock valued at $4,488,000 after buying an additional 789 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in United Rentals by 101.6% during the 1st quarter. Farther Finance Advisors LLC now owns 859 shares of the construction company's stock valued at $543,000 after buying an additional 433 shares in the last quarter. Finally, Brookwood Investment Group LLC purchased a new stake in United Rentals during the 1st quarter valued at approximately $2,966,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Morgan Stanley lifted their price objective on shares of United Rentals from $702.00 to $955.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Evercore ISI restated an "outperform" rating on shares of United Rentals in a report on Tuesday, August 19th. Argus set a $935.00 target price on United Rentals in a research note on Tuesday, August 12th. Redburn Atlantic lowered United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price on the stock. in a research note on Friday, June 13th. Finally, The Goldman Sachs Group boosted their price target on United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. One research 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 given a Sell rating to the company's stock. According to data from MarketBeat, United Rentals presently has a consensus rating of "Moderate Buy" and a consensus price target of $842.86.

United Rentals Trading Down 2.2%

Shares of NYSE:URI traded down $20.98 during midday trading on Friday, reaching $938.61. 534,834 shares of the company's stock were exchanged, compared to its average volume of 461,173. The firm's 50 day simple moving average is $886.34 and its two-hundred day simple moving average is $738.51. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80. The stock has a market cap of $60.39 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 2.22 and a beta of 1.72. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $980.53.

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

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were given a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals's payout ratio is currently 18.52%.

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.