1,589 Shares in United Rentals, Inc. $URI Acquired by United Services Automobile Association

Key Points

• United Services Automobile Association has acquired a new stake in United Rentals, purchasing 1,589 shares valued at approximately $997,000.
• United Rentals reported a quarterly EPS of $10.47, missing estimates slightly, but revenue increased by 4.5% year-over-year to $3.94 billion.
• The company recently declared a $1.79 per share dividend, representing an annualized yield of 0.7% with a payout ratio of 18.52%.

United Services Automobile Association purchased a new position in United Rentals, Inc. (NYSE:URI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,589 shares of the construction company's stock, valued at approximately $997,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of URI. Caxton Associates LLP purchased a new position in United Rentals during the first quarter valued at $1,200,000. Fred Alger Management LLC raised its holdings in United Rentals by 175.3% during the first quarter. Fred Alger Management LLC now owns 19,852 shares of the construction company's stock valued at $12,441,000 after acquiring an additional 12,642 shares during the period. Challenger Wealth Management bought a new stake in shares of United Rentals in the first quarter worth about $219,000. Ashton Thomas Private Wealth LLC increased its holdings in shares of United Rentals by 4.7% in the first quarter. Ashton Thomas Private Wealth LLC now owns 1,949 shares of the construction company's stock worth $1,221,000 after purchasing an additional 88 shares during the last quarter. Finally, Resources Management Corp CT ADV increased its holdings in shares of United Rentals by 217.4% in the first quarter. Resources Management Corp CT ADV now owns 146 shares of the construction company's stock worth $91,000 after purchasing an additional 100 shares during the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on URI shares. Citigroup reaffirmed a "buy" rating and issued a $810.00 target price (up from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. Redburn Atlantic cut United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price on the stock. in a report on Friday, June 13th. The Goldman Sachs Group boosted their price objective on United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Barclays boosted their price objective on United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a research note on Monday, July 21st. Finally, KeyCorp boosted their price objective on United Rentals from $960.00 to $1,075.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $842.86.

United Rentals Trading Down 2.2%

Shares of URI traded down $20.98 during mid-day trading on Friday, reaching $938.61. 534,834 shares of the company's stock traded hands, compared to its average volume of 635,270. The stock has a market cap of $60.39 billion, a P/E ratio of 24.27, a P/E/G ratio of 2.18 and a beta of 1.72. The stock's 50-day moving average is $883.26 and its two-hundred day moving average is $736.44. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $980.53. 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 earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The company's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. Research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were paid a dividend of $1.79 per share. The ex-dividend date of this dividend was 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%.

United Rentals 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.