Intech Investment Management LLC Acquires 9,201 Shares of United Rentals, Inc. $URI

Key Points

• Intech Investment Management LLC significantly increased its stake in United Rentals, Inc. by 311.4%, acquiring an additional 9,201 shares to reach a total of 12,156 shares worth approximately $7.6 million.
• United Rentals reported a quarterly EPS of $10.47, missing analysts' estimates, but its revenue showed a 4.5% increase year-over-year, totaling $3.94 billion.
• The company also announced a quarterly dividend of $1.79 per share, representing a 0.7% dividend yield and an annualized amount of $7.16.

Intech Investment Management LLC grew its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 311.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,156 shares of the construction company's stock after acquiring an additional 9,201 shares during the period. Intech Investment Management LLC's holdings in United Rentals were worth $7,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Flaharty Asset Management LLC bought a new stake in United Rentals during the first quarter valued at about $30,000. Integrity Alliance LLC. purchased a new position in shares of United Rentals during the 1st quarter valued at about $1,547,000. Glenview Trust co grew its stake in shares of United Rentals by 2.7% during the 1st quarter. Glenview Trust co now owns 14,604 shares of the construction company's stock valued at $9,152,000 after acquiring an additional 390 shares during the period. Optimize Financial Inc increased its holdings in United Rentals by 16.6% in the 1st quarter. Optimize Financial Inc now owns 351 shares of the construction company's stock worth $220,000 after acquiring an additional 50 shares in the last quarter. Finally, Woodline Partners LP increased its holdings in United Rentals by 40.0% in the 1st quarter. Woodline Partners LP now owns 5,518 shares of the construction company's stock worth $3,458,000 after acquiring an additional 1,577 shares in the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

URI has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. increased their price target on 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 report on Tuesday, August 19th. The Goldman Sachs Group upped their price objective on 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 lifted their target price on United Rentals from $786.00 to $952.00 and gave the company a "buy" rating in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, United Rentals currently has an average rating of "Moderate Buy" and an average price target of $842.86.

United Rentals Price Performance

Shares of URI traded down $20.98 during midday trading on Friday, hitting $938.61. 534,834 shares of the company traded hands, compared to its average volume of 469,284. The stock has a market cap of $60.39 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 2.17 and a beta of 1.72. The firm has a 50 day moving average of $886.34 and a 200-day moving average of $739.91. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $980.53.

United Rentals (NYSE:URI - Get Free Report) last posted its 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). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The firm had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $3.90 billion. During the same quarter in the prior year, the firm posted $10.70 earnings per share. 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, analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were 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 was Wednesday, August 13th. United Rentals's dividend payout ratio 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.