United Rentals, Inc. $URI Stock Position Increased by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its ownership in United Rentals by 83.5%, acquiring an additional 21,792 shares to total about 47,898 shares worth approximately $29.47 million.
• United Rentals reported a quarterly earnings per share of $10.47, missing analyst estimates, but managed a revenue of $3.94 billion, surpassing expectations.
• The company has announced a quarterly dividend of $1.79 per share, with a planned payout date on August 27, representing an annual yield of 0.8% with a payout ratio of 18.52%.

Aberdeen Group plc raised its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 83.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,898 shares of the construction company's stock after purchasing an additional 21,792 shares during the quarter. Aberdeen Group plc owned 0.07% of United Rentals worth $29,471,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Horizon Investments LLC grew its stake in United Rentals by 2.5% during the 1st quarter. Horizon Investments LLC now owns 1,108 shares of the construction company's stock valued at $694,000 after purchasing an additional 27 shares in the last quarter. Kovitz Investment Group Partners LLC grew its stake in United Rentals by 29.3% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 2,172 shares of the construction company's stock valued at $1,361,000 after purchasing an additional 492 shares in the last quarter. Oak Ridge Investments LLC grew its stake in United Rentals by 6.2% during the 1st quarter. Oak Ridge Investments LLC now owns 7,880 shares of the construction company's stock valued at $4,938,000 after purchasing an additional 457 shares in the last quarter. Boston Partners grew its stake in United Rentals by 5.6% during the 1st quarter. Boston Partners now owns 409,872 shares of the construction company's stock valued at $255,927,000 after purchasing an additional 21,879 shares in the last quarter. Finally, National Pension Service grew its position in shares of United Rentals by 14.6% in the 1st quarter. National Pension Service now owns 192,370 shares of the construction company's stock worth $120,558,000 after acquiring an additional 24,557 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Stock Performance

United Rentals stock traded up $2.2220 during mid-day trading on Tuesday, hitting $916.2620. 306,038 shares of the company's stock traded hands, compared to its average volume of 604,533. The firm has a 50 day moving average price of $809.68 and a 200 day moving average price of $710.22. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. The company has a market cap of $58.95 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 2.11 and a beta of 1.72. United Rentals, Inc. has a one year low of $525.91 and a one year high of $933.32.

United Rentals (NYSE:URI - Get Free Report) last announced 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). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same period in the previous year, the firm earned $10.70 EPS. The firm's revenue was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. On average, equities 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 will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 13th. United Rentals's payout ratio is currently 18.52%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on URI. Argus set a $935.00 target price on United Rentals in a research report on Tuesday, August 12th. JPMorgan Chase & Co. lifted their target price on United Rentals from $920.00 to $950.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Morgan Stanley lifted their target price on United Rentals from $702.00 to $955.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Redburn Atlantic lowered United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price for the company. in a research report on Friday, June 13th. Finally, Citigroup restated a "buy" rating and set a $810.00 price objective (up previously from $740.00) on shares of United Rentals in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, United Rentals has a consensus rating of "Moderate Buy" and an average 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.