HMS Capital Management LLC Makes New Investment in United Rentals, Inc. $URI

Key Points

• HMS Capital Management LLC acquired a new stake in United Rentals, Inc. during the first quarter, purchasing 1,470 shares valued at approximately $921,000.
• United Rentals reported earnings of $10.47 per share for the last quarter, missing estimates by $0.07, although revenue was up 4.5% year-over-year.
• The company announced a quarterly dividend of $1.79 per share, with a dividend yield of 0.8% and a payout ratio of 18.52%.

HMS Capital Management LLC acquired a new position in United Rentals, Inc. (NYSE:URI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,470 shares of the construction company's stock, valued at approximately $921,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in URI. NewEdge Advisors LLC boosted its stake in shares of United Rentals by 4.9% in the 4th quarter. NewEdge Advisors LLC now owns 2,701 shares of the construction company's stock worth $1,903,000 after buying an additional 127 shares during the last quarter. First Trust Advisors LP raised its holdings in United Rentals by 17.3% during the 4th quarter. First Trust Advisors LP now owns 57,610 shares of the construction company's stock valued at $40,583,000 after acquiring an additional 8,512 shares during the period. Ossiam raised its holdings in United Rentals by 3,727.8% during the 4th quarter. Ossiam now owns 1,378 shares of the construction company's stock valued at $971,000 after acquiring an additional 1,342 shares during the period. MML Investors Services LLC increased its holdings in shares of United Rentals by 14.1% in the fourth quarter. MML Investors Services LLC now owns 12,501 shares of the construction company's stock worth $8,806,000 after purchasing an additional 1,547 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in shares of United Rentals by 40.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,017 shares of the construction company's stock worth $3,534,000 after purchasing an additional 1,439 shares during the period. 96.26% of the stock is owned by institutional investors.

United Rentals Price Performance

NYSE URI traded up $39.6690 on Friday, reaching $929.7890. The company had a trading volume of 767,803 shares, compared to its average volume of 503,462. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $59.82 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 2.06 and a beta of 1.72. The firm's 50 day moving average price is $821.49 and its 200 day moving average price is $713.79. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $937.45.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). The firm had revenue of $3.94 billion for the quarter, compared to analysts' expectations of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.United Rentals's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. As a group, equities analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The firm 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 $1.79 dividend. This represents a $7.16 annualized dividend 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 18.52%.

Analyst Ratings Changes

Several brokerages recently issued reports on URI. The Goldman Sachs Group upped their target price on shares of United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Citigroup reiterated a "buy" rating and set a $810.00 target price (up from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. Cfra Research upgraded shares of United Rentals to a "strong-buy" rating in a report on Friday, April 25th. Evercore ISI restated an "outperform" rating on shares of United Rentals in a report on Tuesday. Finally, Bank of America increased their target price on United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average 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.