United Rentals, Inc. $URI Holdings Reduced by Ethic Inc.

Key Points

• Ethic Inc. reduced its stake in United Rentals, Inc. by 6.8%, owning 5,817 shares worth approximately $3.68 million after selling 425 shares in the 1st quarter.
• Several brokerages have raised their target prices for United Rentals, with Goldman Sachs increasing its target from $770 to $850 and Truist Financial raising it from $786 to $952.
• United Rentals announced a quarterly dividend of $1.79 per share, with a total annualized dividend yield of 0.8% and a payout ratio of 18.52%.

Ethic Inc. reduced its position in United Rentals, Inc. (NYSE:URI - Free Report) by 6.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 5,817 shares of the construction company's stock after selling 425 shares during the period. Ethic Inc.'s holdings in United Rentals were worth $3,676,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in United Rentals by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 7,422,036 shares of the construction company's stock worth $4,651,390,000 after acquiring an additional 29,501 shares during the period. Capital World Investors grew its stake in United Rentals by 17.1% in the 4th quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock worth $1,564,722,000 after acquiring an additional 323,636 shares during the period. JPMorgan Chase & Co. grew its stake in United Rentals by 98.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company's stock worth $685,488,000 after acquiring an additional 541,579 shares during the period. Capital International Investors grew its stake in United Rentals by 41.0% in the 4th quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock worth $740,624,000 after acquiring an additional 305,491 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in United Rentals by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 914,014 shares of the construction company's stock worth $643,896,000 after acquiring an additional 11,529 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Stock Up 0.2%

Shares of URI traded up $2.2220 during midday trading on Tuesday, hitting $916.2620. The company had a trading volume of 306,038 shares, compared to its average volume of 604,533. 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 52 week low of $525.91 and a 52 week high of $933.32. The company's 50 day moving average price is $809.68 and its 200 day moving average price is $710.22. The stock has a market cap of $58.95 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 2.11 and a beta of 1.72.

United Rentals (NYSE:URI - Get Free Report) last announced 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 net margin of 16.11% and a return on equity of 32.01%. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same period in the prior year, the company earned $10.70 EPS. United Rentals's quarterly revenue was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. On average, equities research analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be given a dividend of $1.79 per share. 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 is currently 18.52%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on URI shares. Evercore ISI reiterated an "outperform" rating on shares of United Rentals in a report on Tuesday. The Goldman Sachs Group lifted their price target on shares of United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Cfra Research upgraded shares of United Rentals to a "strong-buy" rating in a report on Friday, April 25th. Argus set a $935.00 price target on shares of United Rentals in a report on Tuesday, August 12th. Finally, Barclays lifted their price target on shares of United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $834.64.

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.