AlphaQuest LLC Increases Position in United Rentals, Inc. $URI

Key Points

• AlphaQuest LLC increased its holdings in United Rentals, Inc. by 28.8%, owning 1,493 shares valued at approximately $936,000 as of the latest reporting period.
• United Rentals' shares recently traded up 4.5%, with a market cap of $59.82 billion, and it reported earnings of $10.47 per share, missing estimates slightly.
• The company declared a quarterly dividend of $1.79 per share with an annualized dividend yield of 0.8%, payable on August 27th.

AlphaQuest LLC increased its position in United Rentals, Inc. (NYSE:URI - Free Report) by 28.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,493 shares of the construction company's stock after purchasing an additional 334 shares during the period. AlphaQuest LLC's holdings in United Rentals were worth $936,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in URI. Centaurus Financial Inc. grew its stake in shares of United Rentals by 1.7% in the fourth quarter. Centaurus Financial Inc. now owns 999 shares of the construction company's stock worth $704,000 after acquiring an additional 17 shares during the last quarter. Leavell Investment Management Inc. grew its stake in shares of United Rentals by 3.6% in the first quarter. Leavell Investment Management Inc. now owns 515 shares of the construction company's stock worth $323,000 after acquiring an additional 18 shares during the last quarter. Baer Investment Advisory LLC grew its stake in shares of United Rentals by 0.6% in the first quarter. Baer Investment Advisory LLC now owns 3,202 shares of the construction company's stock worth $2,007,000 after acquiring an additional 18 shares during the last quarter. HBK Sorce Advisory LLC grew its stake in shares of United Rentals by 4.0% in the first quarter. HBK Sorce Advisory LLC now owns 490 shares of the construction company's stock worth $307,000 after acquiring an additional 19 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its stake in shares of United Rentals by 27.5% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 88 shares of the construction company's stock worth $55,000 after acquiring an additional 19 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Truist Financial upped their price target on United Rentals from $786.00 to $952.00 and gave the company a "buy" rating in a report on Friday, July 25th. Morgan Stanley increased their target price on United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Evercore ISI reissued an "outperform" rating on shares of United Rentals in a report on Tuesday, August 19th. Argus set a $935.00 target price on United Rentals in a report on Tuesday, August 12th. Finally, JPMorgan Chase & Co. increased 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 assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $834.64.

United Rentals Trading Up 0.7%

Shares of NYSE:URI traded up $6.94 during trading on Thursday, hitting $956.28. The company had a trading volume of 526,959 shares, compared to its average volume of 643,436. The stock has a market cap of $61.53 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 2.18 and a beta of 1.72. United Rentals, Inc. has a one year low of $525.91 and a one year high of $960.00. The company has a fifty day simple moving average of $836.54 and a two-hundred day simple moving average of $717.97. 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 quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 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 analysts' expectations of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The company's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $10.70 earnings per share. 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 year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were issued a $1.79 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.7%. United Rentals's dividend payout ratio (DPR) 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.