1,776 Shares in United Rentals, Inc. $URI Acquired by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. has acquired a new stake in United Rentals, Inc., purchasing 1,776 shares worth approximately $1.1 million in the first quarter.
• Analysts have raised their price targets for United Rentals, with the Goldman Sachs Group setting an optimistic target of $850.00, representing a strong potential upside for investors.
• United Rentals declared a quarterly dividend of $1.79, reflecting an annualized payout of $7.16 and a dividend yield of 0.8% as of August.

Graham Capital Management L.P. bought a new stake in United Rentals, Inc. (NYSE:URI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,776 shares of the construction company's stock, valued at approximately $1,113,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Elevation Point Wealth Partners LLC raised its stake in United Rentals by 32.9% during the first quarter. Elevation Point Wealth Partners LLC now owns 2,220 shares of the construction company's stock worth $1,391,000 after purchasing an additional 550 shares during the period. Dynamic Advisor Solutions LLC acquired a new position in United Rentals during the 1st quarter worth approximately $602,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of United Rentals by 12.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,160 shares of the construction company's stock valued at $4,488,000 after buying an additional 789 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of United Rentals by 101.6% in the 1st quarter. Farther Finance Advisors LLC now owns 859 shares of the construction company's stock valued at $543,000 after buying an additional 433 shares in the last quarter. Finally, Brookwood Investment Group LLC acquired a new position in shares of United Rentals in the 1st quarter valued at $2,966,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on URI. JPMorgan Chase & Co. raised their price target on shares of United Rentals from $920.00 to $950.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Evercore ISI reissued an "outperform" rating on shares of United Rentals in a research note on Tuesday, August 19th. Bank of America increased their price objective on United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Barclays lifted their price objective on United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a report on Monday, July 21st. Finally, The Goldman Sachs Group increased their target price on United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, United Rentals has an average rating of "Moderate Buy" and a consensus price target of $842.86.

United Rentals Stock Down 1.0%

NYSE:URI traded down $9.38 during trading hours on Monday, reaching $965.85. The company's stock had a trading volume of 435,241 shares, compared to its average volume of 637,781. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $980.53. 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 market capitalization of $62.14 billion, a P/E ratio of 24.97, a price-to-earnings-growth ratio of 2.25 and a beta of 1.72. The stock has a 50 day moving average price of $868.94 and a two-hundred day moving average price of $729.03.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results 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 return on equity of 32.01% and a net margin of 16.11%.The firm's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the company earned $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. Equities analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, August 13th. United Rentals's dividend payout ratio (DPR) is currently 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.