Rafferty Asset Management LLC Has $3.31 Million Stock Holdings in United Rentals, Inc. $URI

Key Points

• Rafferty Asset Management LLC has decreased its position in United Rentals by 17.8%, reducing its holdings to 5,282 shares valued at approximately $3.31 million.
• Several institutional investors increased their stakes in United Rentals, with Caisse DE Depot ET Placement DU Quebec notably boosting their holdings by 212.8%, now owning over 63,000 shares.
• United Rentals has received positive analyst ratings, with price targets being raised; for instance, Goldman Sachs set a new target of $850 with a "buy" rating, while the consensus rating remains a "Moderate Buy."

Rafferty Asset Management LLC cut its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 17.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,282 shares of the construction company's stock after selling 1,143 shares during the period. Rafferty Asset Management LLC's holdings in United Rentals were worth $3,310,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Findlay Park Partners LLP lifted its stake in United Rentals by 1.3% during the first quarter. Findlay Park Partners LLP now owns 235,536 shares of the construction company's stock valued at $147,610,000 after purchasing an additional 3,100 shares during the last quarter. Epoch Investment Partners Inc. lifted its stake in United Rentals by 275.9% during the first quarter. Epoch Investment Partners Inc. now owns 124,180 shares of the construction company's stock valued at $77,824,000 after purchasing an additional 91,148 shares during the last quarter. Ceredex Value Advisors LLC acquired a new stake in United Rentals during the first quarter valued at approximately $65,613,000. Harvest Portfolios Group Inc. lifted its stake in United Rentals by 28.4% during the first quarter. Harvest Portfolios Group Inc. now owns 2,747 shares of the construction company's stock valued at $1,722,000 after purchasing an additional 608 shares during the last quarter. Finally, Taikang Asset Management Hong Kong Co Ltd lifted its stake in United Rentals by 833.7% during the first quarter. Taikang Asset Management Hong Kong Co Ltd now owns 13,156 shares of the construction company's stock valued at $8,245,000 after purchasing an additional 11,747 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Up 0.1%

Shares of URI traded up $1.09 during mid-day trading on Tuesday, hitting $957.43. 468,562 shares of the company's stock were exchanged, compared to its average volume of 642,368. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. The firm has a fifty day moving average of $851.57 and a two-hundred day moving average of $722.18. The stock has a market cap of $61.60 billion, a price-to-earnings ratio of 24.76, a P/E/G ratio of 2.21 and a beta of 1.72. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $961.16.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.54 by ($0.07). The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.United Rentals's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were issued 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 yield of 0.7%. United Rentals's dividend payout ratio is 18.52%.

Analyst Ratings Changes

A number of research firms have recently issued reports on URI. Evercore ISI restated an "outperform" rating on shares of United Rentals in a report on Tuesday, August 19th. UBS Group boosted their price target on shares of United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. boosted their price target on shares of United Rentals from $920.00 to $950.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. KeyCorp boosted their price target on shares of United Rentals from $960.00 to $1,075.00 and gave the company an "overweight" rating in a report on Friday. Finally, The Goldman Sachs Group boosted their price target on shares of United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, United Rentals presently has an average rating of "Moderate Buy" and a consensus price target 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.