Brandywine Global Investment Management LLC Has $24.78 Million Holdings in United Rentals, Inc. $URI

Key Points

• Brandywine Global Investment Management LLC increased its holdings in United Rentals, Inc. by 1.5%, owning 39,547 shares valued at approximately $24.78 million at the end of the first quarter.
• Analysts have set a new average price target of $834.64 for United Rentals, with ratings ranging from "sell" to "strong buy" among different firms.
• United Rentals reported earnings per share of $10.47 for the last quarter, falling short of the consensus estimate of $10.54, but achieved a revenue of $3.94 billion, exceeding analyst expectations.

Brandywine Global Investment Management LLC boosted its position in United Rentals, Inc. (NYSE:URI - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,547 shares of the construction company's stock after acquiring an additional 570 shares during the quarter. Brandywine Global Investment Management LLC owned 0.06% of United Rentals worth $24,784,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aberdeen Group plc grew its position in shares of United Rentals by 83.5% during the first quarter. Aberdeen Group plc now owns 47,898 shares of the construction company's stock worth $29,471,000 after acquiring an additional 21,792 shares during the last quarter. Horizon Investments LLC boosted its position in shares of United Rentals by 2.5% during the 1st quarter. Horizon Investments LLC now owns 1,108 shares of the construction company's stock worth $694,000 after purchasing an additional 27 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its position in shares of 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 worth $1,361,000 after purchasing an additional 492 shares in the last quarter. Oak Ridge Investments LLC raised its stake in shares of United Rentals by 6.2% during the 1st quarter. Oak Ridge Investments LLC now owns 7,880 shares of the construction company's stock worth $4,938,000 after buying an additional 457 shares during the last quarter. Finally, Boston Partners raised its stake in shares of United Rentals by 5.6% during the 1st quarter. Boston Partners now owns 409,872 shares of the construction company's stock worth $255,927,000 after buying an additional 21,879 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

Wall Street Analysts Forecast Growth

URI has been the subject of a number of research analyst reports. KeyCorp upped their price objective on shares of United Rentals from $865.00 to $960.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Cfra Research upgraded United Rentals to a "strong-buy" rating in a report on Friday, April 25th. Truist Financial upped their price target on United Rentals from $786.00 to $952.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Evercore ISI restated an "outperform" rating on shares of United Rentals in a report on Tuesday. Finally, 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 report on Friday, June 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, United Rentals presently has an average rating of "Moderate Buy" and an average target price of $834.64.

United Rentals Trading Up 0.2%

Shares of NYSE:URI traded up $2.2220 during midday trading on Tuesday, reaching $916.2620. The company had a trading volume of 306,038 shares, compared to its average volume of 648,187. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $933.32. The firm has a market cap of $58.95 billion, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 2.10 and a beta of 1.72. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. The company has a fifty day simple moving average of $805.67 and a two-hundred day simple moving average of $708.78.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing analysts' consensus estimates 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 quarter in the previous year, the business posted $10.70 earnings per share. The company's revenue was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. Research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently disclosed 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. 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 dividend payout ratio (DPR) is presently 18.52%.

United Rentals 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.