501 Shares in United Rentals, Inc. $URI Acquired by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC has acquired a new stake in United Rentals, purchasing 501 shares valued at approximately $314,000 during the first quarter.
• United Rentals reported a quarterly earnings per share (EPS) of $10.47, missing analysts' expectations of $10.54, while also noting a revenue increase to $3.94 billion.
• The company announced a quarterly dividend of $1.79 per share, reflecting an annualized dividend of $7.16 and a payout ratio of 18.52%.

MBB Public Markets I LLC acquired a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 501 shares of the construction company's stock, valued at approximately $314,000.

Several other large investors have also made changes to their positions in URI. GAMMA Investing LLC lifted its position in shares of United Rentals by 77,674.5% during the 1st quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock worth $556,138,000 after purchasing an additional 886,266 shares during the last quarter. Nuveen LLC acquired a new position in shares of United Rentals during the 1st quarter worth about $402,291,000. JPMorgan Chase & Co. lifted its position in shares of United Rentals by 98.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company's stock worth $685,488,000 after purchasing an additional 541,579 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of United Rentals by 28.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company's stock worth $532,561,000 after purchasing an additional 190,007 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of United Rentals by 22.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company's stock worth $414,406,000 after purchasing an additional 120,449 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on URI shares. JPMorgan Chase & Co. boosted their price target on United Rentals from $920.00 to $950.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Redburn Atlantic lowered 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. KeyCorp boosted their price target on United Rentals from $960.00 to $1,075.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Morgan Stanley boosted their price target on United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Finally, Barclays boosted their price target on United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, United Rentals has an average rating of "Moderate Buy" and a consensus price target of $842.86.

United Rentals Price Performance

Shares of URI stock traded down $20.98 during trading hours on Friday, hitting $938.61. The company had a trading volume of 534,834 shares, compared to its average volume of 461,173. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $980.53. The firm has a market capitalization of $60.39 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 2.22 and a beta of 1.72. The firm's fifty day moving average is $886.34 and its 200 day moving average is $738.51. 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 (NYSE:URI - Get Free Report) last released its quarterly earnings data 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). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter 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. On average, sell-side analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were paid a $1.79 dividend. This represents a $7.16 annualized dividend 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.