Dimensional Fund Advisors LP Trims Position in United Rentals, Inc. $URI

Key Points

• Dimensional Fund Advisors LP reduced its holdings in United Rentals, Inc. by selling 7,540 shares, resulting in ownership of approximately 906,474 shares worth about $568 million.
• Wall Street analysts have varied target price forecasts for United Rentals, ranging from $571 to $950, with a consensus rating of "Moderate Buy" and an average target price of $834.64.
• United Rentals recently announced a quarterly dividend of $1.79 per share, equating to an annualized payout of $7.16 and a yield of 0.8%.

Dimensional Fund Advisors LP decreased its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 906,474 shares of the construction company's stock after selling 7,540 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.39% of United Rentals worth $568,046,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. TruNorth Capital Management LLC lifted its stake in United Rentals by 1,266.7% in the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock valued at $26,000 after buying an additional 38 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new stake in United Rentals during the 1st quarter worth $26,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in United Rentals by 69.0% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock valued at $31,000 after purchasing an additional 20 shares during the period. Grove Bank & Trust acquired a new position in United Rentals in the first quarter valued at $36,000. Finally, NBC Securities Inc. purchased a new stake in shares of United Rentals in the first quarter valued at about $40,000. Institutional investors and hedge funds own 96.26% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on URI. KeyCorp boosted their price target on United Rentals from $865.00 to $960.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Barclays upped their price target on United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a research note on Monday, July 21st. Citigroup reissued a "buy" rating and issued a $810.00 price objective (up from $740.00) on shares of United Rentals in a research note on Tuesday, June 24th. The Goldman Sachs Group raised their target price 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. Finally, Truist Financial boosted their price target on shares of United Rentals from $786.00 to $952.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. One research 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 issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $834.64.

United Rentals Price Performance

Shares of NYSE URI traded up $2.2220 on Tuesday, hitting $916.2620. The company's stock had a trading volume of 302,383 shares, compared to its average volume of 647,359. The stock has a 50 day moving average of $805.67 and a 200-day moving average of $708.78. The company has a market capitalization 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. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $933.32. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80.

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 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 analysts' expectations of $3.90 billion. During the same period last year, the business 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. As a group, research analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be given a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 13th. United Rentals's dividend payout ratio is currently 18.52%.

United Rentals Company 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.