Trillium Asset Management LLC Has $9.96 Million Stake in United Rentals, Inc. (NYSE:URI)

Key Points

• Trillium Asset Management LLC increased its stake in United Rentals by 25.1%, bringing its holdings to approximately $9.96 million in value.
• Several institutional investors, including GAMMA Investing LLC and JPMorgan Chase & Co., have significantly increased their positions in United Rentals during the 1st quarter, contributing to a reported 96.26% ownership by institutional investors.
• United Rentals' most recent quarterly earnings showed earnings per share of $10.47, slightly below the consensus estimate, while the company also announced a quarterly dividend of $1.79 per share.

Trillium Asset Management LLC grew its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 25.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,892 shares of the construction company's stock after purchasing an additional 3,193 shares during the period. Trillium Asset Management LLC's holdings in United Rentals were worth $9,959,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC raised its position in 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 buying an additional 886,266 shares during the period. Nuveen LLC acquired a new position in United Rentals during the first quarter valued at $402,291,000. JPMorgan Chase & Co. raised its position in United Rentals by 98.1% during the first quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company's stock valued at $685,488,000 after buying an additional 541,579 shares during the period. Leigh Baldwin & CO. LLC acquired a new position in United Rentals during the fourth quarter valued at $330,989,000. Finally, Capital World Investors raised its position in United Rentals by 17.1% during the fourth quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock valued at $1,564,722,000 after buying an additional 323,636 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Stock Up 1.7%

URI stock traded up $15.56 during mid-day trading on Wednesday, hitting $932.51. The stock had a trading volume of 437,173 shares, compared to its average volume of 639,962. 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, Inc. has a 1-year low of $525.91 and a 1-year high of $933.32. The company has a fifty day moving average of $792.97 and a 200 day moving average of $706.45. The stock has a market capitalization of $60.00 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 2.12 and a beta of 1.72.

United Rentals (NYSE:URI - Get Free Report) last issued 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 firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%. The business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $10.70 earnings per share. On average, equities analysts expect 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 will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be issued a dividend of $1.79 per share. The ex-dividend date of this dividend is 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

Several research firms recently weighed in on URI. Bank of America upped their price target on United Rentals from $895.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Truist Financial upped their price target on United Rentals from $786.00 to $952.00 and gave the company a "buy" rating in a research report on Friday, July 25th. UBS Group upped their price target on United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. upped their price target on United Rentals from $920.00 to $950.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Finally, 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 report on Friday, June 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, United Rentals currently has an average rating of "Moderate Buy" and an average price target of $834.64.

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.