Advisors Asset Management Inc. Trims Stock Position in United Rentals, Inc. $URI

Key Points

• Advisors Asset Management Inc. reduced its stake in United Rentals, Inc. by 11.9%, now holding 11,466 shares valued at approximately $7.19 million.
• Several institutional investors, including Cary Street Partners, increased their holdings in United Rentals, with Cary Street increasing its stake by 27.5% in the first quarter.
• Analysts have set a consensus price target of $842.86 for United Rentals, with several firms recently issuing revised ratings and price targets, reflecting a generally positive outlook for the stock.

Advisors Asset Management Inc. cut its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 11.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,466 shares of the construction company's stock after selling 1,550 shares during the period. Advisors Asset Management Inc.'s holdings in United Rentals were worth $7,186,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Centaurus Financial Inc. raised its stake in United Rentals by 1.7% during the 4th quarter. Centaurus Financial Inc. now owns 999 shares of the construction company's stock valued at $704,000 after acquiring an additional 17 shares during the last quarter. Leavell Investment Management Inc. raised its stake in United Rentals by 3.6% during the 1st quarter. Leavell Investment Management Inc. now owns 515 shares of the construction company's stock valued at $323,000 after acquiring an additional 18 shares during the last quarter. Baer Investment Advisory LLC increased its position in United Rentals by 0.6% during the 1st quarter. Baer Investment Advisory LLC now owns 3,202 shares of the construction company's stock worth $2,007,000 after purchasing an additional 18 shares during the period. HBK Sorce Advisory LLC increased its position in United Rentals by 4.0% during the 1st quarter. HBK Sorce Advisory LLC now owns 490 shares of the construction company's stock worth $307,000 after purchasing an additional 19 shares during the period. Finally, Cary Street Partners Investment Advisory LLC increased its position in United Rentals by 27.5% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 88 shares of the construction company's stock worth $55,000 after purchasing an additional 19 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on URI. Evercore ISI reiterated an "outperform" rating on shares of United Rentals in a research report on Tuesday, August 19th. Truist Financial boosted their target price on United Rentals from $786.00 to $952.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Morgan Stanley boosted 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. Barclays boosted their target price on United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a research report on Monday, July 21st. Finally, Bank of America boosted their target price on United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $842.86.

United Rentals Stock Performance

URI opened at $945.54 on Thursday. The stock has a market cap of $60.84 billion, a P/E ratio of 24.45, a P/E/G ratio of 2.21 and a beta of 1.72. 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's 50 day simple moving average is $860.05 and its 200 day simple moving average is $725.34. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $965.00.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing analysts' consensus estimates 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 return on equity of 32.01% and a net margin of 16.11%.The business's revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

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

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.

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