United Rentals, Inc. $URI Shares Acquired by Benchmark Investment Advisors LLC

Key Points

• Benchmark Investment Advisors LLC increased its stake in United Rentals, Inc. by 13.7% in the first quarter, owning 6,425 shares valued at approximately $4 million, making it the firm's 9th biggest holding.
• Several institutional investors have also modified their holdings, with notable increases from firms like Cary Street Partners, which boosted its stake by 27.5% during the first quarter.
• Equities research analysts have mixed ratings for United Rentals, with a consensus rating of "Moderate Buy" and a price target of $842.86, while Barclays and KeyCorp set differing price targets of $620.00 and $1,075.00, respectively.

Benchmark Investment Advisors LLC increased its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 13.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,425 shares of the construction company's stock after buying an additional 774 shares during the quarter. United Rentals accounts for 2.6% of Benchmark Investment Advisors LLC's investment portfolio, making the stock its 9th largest holding. Benchmark Investment Advisors LLC's holdings in United Rentals were worth $4,027,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fourth Dimension Wealth LLC purchased a new stake in United Rentals during the 1st quarter worth about $26,000. TruNorth Capital Management LLC lifted its holdings in United Rentals by 1,266.7% in the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock worth $26,000 after buying an additional 38 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in United Rentals by 69.0% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock worth $31,000 after buying an additional 20 shares during the period. Grove Bank & Trust bought a new stake in shares of United Rentals during the first quarter valued at approximately $36,000. Finally, NBC Securities Inc. purchased a new position in United Rentals during the first quarter valued at $40,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. UBS Group lifted their price objective on United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Citigroup restated a "buy" rating and set a $810.00 target price (up previously from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. JPMorgan Chase & Co. raised their target price on United Rentals from $920.00 to $950.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Barclays raised their target price on United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a research report on Monday, July 21st. Finally, The Goldman Sachs Group lifted their price target on shares of United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $842.86.

United Rentals Stock Down 1.4%

Shares of NYSE:URI traded down $13.23 during midday trading on Wednesday, hitting $945.54. 508,488 shares of the company's stock traded hands, compared to its average volume of 641,563. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $965.00. The company has a market cap of $60.84 billion, a PE ratio of 24.45, a P/E/G ratio of 2.21 and a beta of 1.72. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. The firm's fifty day moving average price is $855.88 and its two-hundred day moving average price is $723.81.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results 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 analysts' expectations of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm earned $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals's payout ratio is 18.52%.

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.