Kayne Anderson Rudnick Investment Management LLC Boosts Stock Position in United Rentals, Inc. $URI

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased their stake in United Rentals, Inc. by 16.0%, totaling 3,920 shares valued at approximately $2.46 million.
• Other notable investments include a 77,674.5% boost in stake by GAMMA Investing LLC and a nearly 98.1% increase from JPMorgan Chase & Co. during the first quarter.
• Equities analysts have set a range of price targets for United Rentals, with estimates reaching up to $952.00, reflecting a general optimism towards the stock with an average target price of $834.64.

Kayne Anderson Rudnick Investment Management LLC increased its position in United Rentals, Inc. (NYSE:URI - Free Report) by 16.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,920 shares of the construction company's stock after buying an additional 542 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC's holdings in United Rentals were worth $2,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Elevation Point Wealth Partners LLC lifted its position in United Rentals by 32.9% in the first quarter. Elevation Point Wealth Partners LLC now owns 2,220 shares of the construction company's stock valued at $1,391,000 after purchasing an additional 550 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new stake in United Rentals in the first quarter valued at approximately $602,000. Wealth Enhancement Advisory Services LLC lifted its position in United Rentals by 12.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,160 shares of the construction company's stock valued at $4,488,000 after purchasing an additional 789 shares during the last quarter. Farther Finance Advisors LLC lifted its position in United Rentals by 101.6% in the first quarter. Farther Finance Advisors LLC now owns 859 shares of the construction company's stock valued at $543,000 after purchasing an additional 433 shares during the last quarter. Finally, Brookwood Investment Group LLC bought a new stake in United Rentals in the first quarter valued at approximately $2,966,000. Institutional investors own 96.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Argus set a $935.00 price objective on United Rentals in a research report on Tuesday, August 12th. Redburn Atlantic downgraded United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective for the company. in a research report on Friday, June 13th. Evercore ISI reiterated an "outperform" rating on shares of United Rentals in a research report on Tuesday, August 19th. Bank of America boosted their price objective on United Rentals from $895.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. upped their target price on United Rentals from $920.00 to $950.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, United Rentals currently has an average rating of "Moderate Buy" and an average target price of $834.64.

United Rentals Stock Up 0.7%

Shares of NYSE URI traded up $6.94 during trading on Thursday, reaching $956.28. The company had a trading volume of 527,669 shares, compared to its average volume of 481,679. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $960.00. The stock has a market cap of $61.53 billion, a PE ratio of 24.73, a P/E/G ratio of 2.19 and a beta of 1.72. The business's 50-day moving average is $841.69 and its 200 day moving average is $719.42. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly 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 business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same period in the previous year, the company earned $10.70 earnings per share. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were issued a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals's dividend 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.