Jones Financial Companies Lllp Increases Stock Holdings in United Rentals, Inc. $URI

Key Points

• Jones Financial Companies Lllp significantly increased its holdings in United Rentals, Inc. by 96.6% in the first quarter, acquiring an additional 1,417 shares to hold a total of 2,884 shares valued at approximately $1.8 million.
• Other institutional investors also ramped up their stakes, with Talon Private Wealth increasing by an astonishing 6,812.8% and now owning 2,696 shares worth $1.7 million.
• United Rentals reported a quarterly earnings per share (EPS) of $10.47, missing analyst estimates of $10.54, while revenue slightly exceeded expectations at $3.94 billion.

Jones Financial Companies Lllp increased its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 96.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,884 shares of the construction company's stock after acquiring an additional 1,417 shares during the quarter. Jones Financial Companies Lllp's holdings in United Rentals were worth $1,807,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of URI. Janus Henderson Group PLC boosted its position in shares of United Rentals by 19.1% during the 4th quarter. Janus Henderson Group PLC now owns 10,669 shares of the construction company's stock valued at $7,512,000 after acquiring an additional 1,713 shares during the last quarter. Lazard Asset Management LLC lifted its position in United Rentals by 16.1% in the fourth quarter. Lazard Asset Management LLC now owns 821 shares of the construction company's stock valued at $577,000 after buying an additional 114 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its position in United Rentals by 19.7% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 2,831 shares of the construction company's stock valued at $1,994,000 after buying an additional 466 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new position in United Rentals in the fourth quarter valued at about $259,000. Finally, NorthRock Partners LLC lifted its position in United Rentals by 154.4% in the fourth quarter. NorthRock Partners LLC now owns 1,117 shares of the construction company's stock valued at $787,000 after buying an additional 678 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Stock Down 2.2%

NYSE URI traded down $20.98 on Friday, hitting $938.61. 534,834 shares of the stock were exchanged, compared to its average volume of 461,173. 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 fifty-two week low of $525.91 and a fifty-two week high of $980.53. The company has a market cap of $60.39 billion, a PE ratio of 24.27, a PEG ratio of 2.22 and a beta of 1.72. The company has a 50-day moving average price of $886.34 and a 200-day moving average price of $739.17.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data 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 net margin of 16.11% and a return on equity of 32.01%. The firm had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $3.90 billion. During the same period in the prior year, the company posted $10.70 earnings per share. The company's revenue for the quarter was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were given a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals's dividend payout ratio is currently 18.52%.

Analysts Set New Price Targets

URI has been the topic of a number of recent analyst reports. Redburn Atlantic cut shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price on the stock. in a research report on Friday, June 13th. Morgan Stanley raised their price objective on shares of United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Argus set a $935.00 target price on shares of United Rentals in a research note on Tuesday, August 12th. 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. Finally, UBS Group boosted their price target on shares of United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $842.86.

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.