Mattson Financial Services LLC Purchases 1,136 Shares of United Rentals, Inc. $URI

Key Points

• Mattson Financial Services LLC increased its stake in United Rentals, Inc. by 37.6%, acquiring an additional 1,136 shares to reach a total of 4,156 shares, valued at approximately $2.6 million.
• Analyst reports indicate a positive outlook for United Rentals, with price target upgrades from firms like Truist Financial, which raised its target from $786.00 to $952.00, and a consensus price target of $842.86.
• United Rentals announced a quarterly dividend of $1.79 per share, representing an annualized yield of 0.8%, with a payout ratio of 18.52%.

Mattson Financial Services LLC raised its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 37.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,156 shares of the construction company's stock after purchasing an additional 1,136 shares during the quarter. Mattson Financial Services LLC's holdings in United Rentals were worth $2,605,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Fourth Dimension Wealth LLC bought a new position in shares of United Rentals during the 1st quarter valued at approximately $26,000. TruNorth Capital Management LLC grew its stake in shares of United Rentals by 1,266.7% during the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock valued at $26,000 after acquiring an additional 38 shares during the period. Flaharty Asset Management LLC bought a new position in shares of United Rentals during the 1st quarter valued at approximately $30,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of United Rentals by 69.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock valued at $31,000 after acquiring an additional 20 shares during the period. Finally, Grove Bank & Trust bought a new position in shares of United Rentals during the 1st quarter valued at approximately $36,000. 96.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on URI. Truist Financial boosted their price objective on United Rentals from $786.00 to $952.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Evercore ISI reiterated an "outperform" rating on shares of United Rentals in a research note on Tuesday, August 19th. The Goldman Sachs Group boosted their price target on United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. UBS Group boosted their price target on United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Finally, Barclays boosted their price target on United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a report on Monday, July 21st. One 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 given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $842.86.

United Rentals Stock Down 0.1%

Shares of URI opened at $944.43 on Thursday. The stock has a market capitalization of $60.76 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 2.19 and a beta of 1.72. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $980.53. The business's 50 day simple moving average is $879.76 and its 200-day simple moving average is $734.16. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80.

United Rentals (NYSE:URI - Get Free Report) last released its 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 the consensus estimate of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. As a group, equities analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business 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. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. United Rentals's payout ratio is currently 18.52%.

About United Rentals

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.

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