Kovitz Investment Group Partners LLC Boosts Stake in United Rentals, Inc. $URI

Key Points

• Kovitz Investment Group Partners LLC increased its stake in United Rentals, Inc. by 29.3%, now holding shares worth approximately $1.36 million.
• Several institutional investors have also significantly increased their holdings, with GAMMA Investing LLC growing its position by an extraordinary 77,674.5%.
• United Rentals announced a quarterly dividend of $1.79 per share, representing a yield of 0.8% with an 18.52% payout ratio.

Kovitz Investment Group Partners LLC raised its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 29.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,172 shares of the construction company's stock after acquiring an additional 492 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in United Rentals were worth $1,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of United Rentals by 77,674.5% during 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. increased 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 acquiring an additional 541,579 shares during the last quarter. Leigh Baldwin & CO. LLC bought a new stake in shares of United Rentals in the 4th quarter worth about $330,989,000. Finally, Goldman Sachs Group Inc. grew its holdings in United Rentals by 22.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company's stock valued at $414,406,000 after purchasing an additional 120,449 shares during the last quarter. Institutional investors own 96.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on URI shares. Argus set a $935.00 price target on shares of United Rentals in a research report on Tuesday, August 12th. Evercore ISI reiterated an "outperform" rating on shares of United Rentals in a research note on Tuesday. JPMorgan Chase & Co. increased their price target on shares of United Rentals from $920.00 to $950.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Barclays increased their price target on shares of United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a report on Monday, July 21st. Finally, Redburn Atlantic downgraded 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 note on Friday, June 13th. One investment 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $834.64.

United Rentals Trading Down 1.3%

United Rentals stock traded down $11.5720 during mid-day trading on Thursday, hitting $890.2980. The stock had a trading volume of 365,824 shares, compared to its average volume of 564,898. The stock has a 50-day simple moving average of $816.79 and a two-hundred day simple moving average of $712.58. The stock has a market capitalization of $57.28 billion, a PE ratio of 23.02, a P/E/G ratio of 2.08 and a beta of 1.72. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $933.32. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34.

United Rentals (NYSE:URI - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (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 analyst estimates of $3.90 billion. During the same period in the prior year, the business posted $10.70 EPS. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

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

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.