Vident Advisory LLC Increases Stake in United Rentals, Inc. $URI

Key Points

• Vident Advisory LLC increased its stake in United Rentals, Inc. by 11.6%, owning 35,936 shares valued at approximately $22.5 million.
• Several institutional investors also acquired positions in United Rentals, with a combined ownership of 96.26% by hedge funds and institutional investors.
• Analysts have raised price targets for United Rentals, with estimates ranging as high as $960.00, indicating a consensus rating of "Moderate Buy" among analysts.

Vident Advisory LLC lifted its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 11.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 35,936 shares of the construction company's stock after purchasing an additional 3,749 shares during the period. Vident Advisory LLC owned about 0.06% of United Rentals worth $22,522,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC grew its holdings in United Rentals by 32.9% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 2,220 shares of the construction company's stock worth $1,391,000 after acquiring an additional 550 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new stake in United Rentals during the 1st quarter valued at about $602,000. Wealth Enhancement Advisory Services LLC increased its stake in United Rentals by 12.4% during the 1st 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 in the last quarter. Farther Finance Advisors LLC increased its stake in United Rentals by 101.6% during the 1st 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 in the last quarter. Finally, Brookwood Investment Group LLC bought a new stake in United Rentals during the 1st quarter valued at about $2,966,000. Institutional investors own 96.26% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on URI shares. Truist Financial lifted their price target on shares of United Rentals from $786.00 to $952.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Evercore ISI reaffirmed an "outperform" rating on shares of United Rentals in a report on Tuesday, August 19th. Morgan Stanley lifted their price target on shares of United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Redburn Atlantic downgraded shares of 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. Finally, The Goldman Sachs Group boosted their target price on shares of United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $842.86.

United Rentals Stock Down 1.4%

United Rentals stock traded down $13.08 during midday trading on Wednesday, hitting $945.69. 236,112 shares of the company's stock were exchanged, compared to its average volume of 639,901. 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 $965.00. The firm has a 50-day moving average of $855.88 and a two-hundred day moving average of $723.81. The company has a market cap of $60.85 billion, a PE ratio of 24.49, a P/E/G ratio of 2.21 and a beta of 1.72.

United Rentals (NYSE:URI - Get Free Report) last issued its 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). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the previous year, the company earned $10.70 earnings per share. The firm's revenue was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. As a group, analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

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