United Rentals, Inc. $URI Shares Sold by Baird Financial Group Inc.

Key Points

• Baird Financial Group Inc. reduced its holdings in United Rentals, Inc. by 4.6%, owning approximately $24.97 million worth of shares at the end of the last reporting period.
• Analysts have shifted price targets significantly upward for United Rentals, with Morgan Stanley raising its price objective to $955.00 and KeyCorp to $1,075.00.
• United Rentals recently announced a quarterly dividend of $1.79, totaling an annualized dividend yield of 0.7%.

Baird Financial Group Inc. decreased its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 4.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,835 shares of the construction company's stock after selling 1,923 shares during the quarter. Baird Financial Group Inc. owned approximately 0.06% of United Rentals worth $24,965,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in URI. Integrated Wealth Concepts LLC increased its position in United Rentals by 7.6% in the 4th quarter. Integrated Wealth Concepts LLC now owns 382 shares of the construction company's stock valued at $269,000 after acquiring an additional 27 shares during the period. Aptus Capital Advisors LLC increased its position in United Rentals by 13.7% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,743 shares of the construction company's stock valued at $1,228,000 after acquiring an additional 210 shares during the period. Alteri Wealth LLC acquired a new position in United Rentals in the 4th quarter valued at about $316,000. Benjamin Edwards Inc. increased its position in United Rentals by 4.6% in the 4th quarter. Benjamin Edwards Inc. now owns 4,712 shares of the construction company's stock valued at $3,320,000 after acquiring an additional 209 shares during the period. Finally, Bayesian Capital Management LP acquired a new position in United Rentals in the 4th quarter valued at about $1,467,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on URI. Evercore ISI restated an "outperform" rating on shares of United Rentals in a research report on Tuesday, August 19th. UBS Group lifted their price objective on United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Bank of America lifted their price objective on United Rentals from $895.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Redburn Atlantic lowered United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective on the stock. in a report on Friday, June 13th. Finally, Morgan Stanley lifted their price objective on United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, United Rentals presently has an average rating of "Moderate Buy" and an average target price of $842.86.

United Rentals Price Performance

Shares of United Rentals stock traded up $11.34 during trading on Friday, hitting $976.00. 439,429 shares of the company were exchanged, compared to its average volume of 638,530. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $980.53. The stock has a market capitalization of $62.80 billion, a price-to-earnings ratio of 25.24, a P/E/G ratio of 2.19 and a beta of 1.72. The firm has a 50 day moving average price of $864.50 and a 200 day moving average price of $726.89.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same quarter in the prior year, the firm earned $10.70 earnings per share. The company's revenue for the quarter was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. On average, equities analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals's dividend payout ratio is currently 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.