104,696 Shares in United Rentals, Inc. $URI Acquired by Ceredex Value Advisors LLC

Key Points

• Ceredex Value Advisors LLC has acquired a new stake in United Rentals, Inc., investing approximately $65.61 million in 104,696 shares, making it the fund's 12th largest holding.
• Analysts have increased price targets for United Rentals, with Citigroup setting a target of $810.00 and JPMorgan Chase boosting their target to $950.00, reflecting strong market confidence.
• United Rentals reported a quarterly EPS of $10.47, slightly missing expectations, but showed a 4.5% year-over-year increase in revenue to $3.94 billion.

Ceredex Value Advisors LLC purchased a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 104,696 shares of the construction company's stock, valued at approximately $65,613,000. United Rentals comprises approximately 1.4% of Ceredex Value Advisors LLC's investment portfolio, making the stock its 12th largest holding. Ceredex Value Advisors LLC owned about 0.16% of United Rentals as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of United Rentals by 0.4% during the first quarter. Vanguard Group Inc. now owns 7,422,036 shares of the construction company's stock worth $4,651,390,000 after purchasing an additional 29,501 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of United Rentals by 98.1% during the first quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company's stock worth $685,488,000 after purchasing an additional 541,579 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of United Rentals by 77,674.5% during the first quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock worth $556,138,000 after purchasing an additional 886,266 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of United Rentals by 22.3% during the first quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company's stock worth $414,406,000 after purchasing an additional 120,449 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of United Rentals by 0.8% during the first quarter. Northern Trust Corp now owns 661,166 shares of the construction company's stock worth $414,353,000 after purchasing an additional 5,113 shares during the last quarter. Institutional investors own 96.26% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on URI shares. The Goldman Sachs Group increased their price objective on shares of United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Argus set a $935.00 price objective on shares of United Rentals in a research note on Tuesday, August 12th. Barclays increased their price objective on shares of United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a research note on Monday, July 21st. Morgan Stanley increased 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. Finally, UBS Group increased their price objective on shares of United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. One 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 issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $834.64.

United Rentals Price Performance

Shares of NYSE URI traded up $6.94 during mid-day trading on Thursday, reaching $956.28. 527,669 shares of the company traded hands, compared to its average volume of 481,679. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $960.00. 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 firm has a market cap of $61.53 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 2.19 and a beta of 1.72. The stock has a fifty day simple moving average of $841.69 and a 200-day simple moving average of $719.42.

United Rentals (NYSE:URI - Get Free Report) last posted 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 net margin of 16.11% and a return on equity of 32.01%. 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 business earned $10.70 EPS. United Rentals's revenue was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. Equities research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors 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 0.7%. The ex-dividend date was Wednesday, August 13th. United Rentals's dividend payout ratio (DPR) is presently 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.