Venture Visionary Partners LLC Acquires 1,225 Shares of United Rentals, Inc. $URI

Key Points

• Venture Visionary Partners LLC increased its ownership in United Rentals by 60.8%, purchasing an additional 1,225 shares, bringing their total holdings to 3,239 shares valued at approximately $2,030,000.
• United Rentals reported $10.47 earnings per share for the latest quarter, slightly missing analysts' expectations, despite a 4.5% increase in revenue year-over-year.
• The company recently announced a quarterly dividend of $1.79, representing a dividend yield of 0.8% and a payout ratio of 18.52%.

Venture Visionary Partners LLC boosted its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 60.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,239 shares of the construction company's stock after purchasing an additional 1,225 shares during the quarter. Venture Visionary Partners LLC's holdings in United Rentals were worth $2,030,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of URI. GAMMA Investing LLC grew its holdings in United Rentals by 77,674.5% in the first quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock worth $556,138,000 after purchasing an additional 886,266 shares during the period. Nuveen LLC bought a new position in shares of United Rentals in the first quarter valued at $402,291,000. JPMorgan Chase & Co. lifted its stake in shares of United Rentals by 98.1% in 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 in the last quarter. Leigh Baldwin & CO. LLC bought a new position in shares of United Rentals in the fourth quarter valued at $330,989,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of United Rentals by 22.3% in the first quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company's stock valued at $414,406,000 after buying an additional 120,449 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

URI has been the topic of a number of recent research reports. Robert W. Baird raised their price objective on shares of United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. UBS Group raised their price target on shares of United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. The Goldman Sachs Group raised 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. Argus set a $935.00 price target on shares of United Rentals in a research report on Tuesday, August 12th. Finally, Bank of America raised their price target on shares of United Rentals from $895.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. One investment 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 company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $834.64.

United Rentals Stock Performance

URI stock traded up $39.6690 during mid-day trading on Friday, hitting $929.7890. The company had a trading volume of 767,803 shares, compared to its average volume of 503,462. The firm has a market cap of $59.82 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 2.06 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. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $937.45. The stock's fifty day moving average price is $821.49 and its two-hundred day moving average price is $713.79.

United Rentals (NYSE:URI - Get Free Report) last announced 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 company had revenue of $3.94 billion during the quarter, compared to the consensus estimate 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 was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. On average, analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be given a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $7.16 annualized dividend and a yield of 0.8%. United Rentals's 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.