Forvis Mazars Wealth Advisors LLC Acquires 646 Shares of United Rentals, Inc. $URI

Key Points

• Forvis Mazars Wealth Advisors LLC increased its stake in United Rentals by 15.3%, owning 4,863 shares valued at approximately $3,048,000.
• Numerous analysts have upgraded their price targets for United Rentals, with the average target price now set at $834.64 and ratings ranging from sell to strong buy.
• United Rentals recently announced a quarterly dividend of $1.79, bringing its annualized dividend yield to 0.8% and a payout ratio of 18.52%.

Forvis Mazars Wealth Advisors LLC boosted its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 15.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 4,863 shares of the construction company's stock after buying an additional 646 shares during the period. Forvis Mazars Wealth Advisors LLC's holdings in United Rentals were worth $3,048,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in shares of United Rentals by 77,674.5% in the first quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock valued at $556,138,000 after purchasing an additional 886,266 shares during the last quarter. Nuveen LLC bought a new stake in United Rentals in the 1st quarter valued at $402,291,000. JPMorgan Chase & Co. grew its holdings 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 valued at $685,488,000 after buying an additional 541,579 shares in the last quarter. Leigh Baldwin & CO. LLC bought a new position in United Rentals during the 4th quarter worth $330,989,000. Finally, Capital World Investors increased its position in United Rentals by 17.1% during the 4th quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock worth $1,564,722,000 after buying an additional 323,636 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Up 0.2%

NYSE URI traded up $2.2220 on Tuesday, hitting $916.2620. 306,038 shares of the company were exchanged, compared to its average volume of 604,533. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. The company has a market cap of $58.95 billion, a PE ratio of 23.69, a PEG ratio of 2.11 and a beta of 1.72. The stock has a fifty day moving average of $809.68 and a 200-day moving average of $710.22. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $933.32.

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 the consensus estimate of $10.54 by ($0.07). The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. United Rentals's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. As a group, analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have weighed in on URI shares. KeyCorp lifted their price objective on United Rentals from $865.00 to $960.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Argus set a $935.00 price target on United Rentals in a research note on Tuesday, August 12th. Truist Financial increased their price objective 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. Citigroup restated a "buy" rating and issued a $810.00 target price (up from $740.00) on shares of United Rentals in a research report on Tuesday, June 24th. Finally, Redburn Atlantic lowered shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price target on the stock. in a research report on Friday, June 13th. 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $834.64.

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.