Vaughan Nelson Investment Management L.P. Invests $152.07 Million in United Rentals, Inc. $URI

Vaughan Nelson Investment Management L.P. acquired a new stake in United Rentals, Inc. (NYSE:URI) in the second quarter, Holdings Channel reports. The firm acquired 201,843 shares of the construction company’s stock, valued at approximately $152,069,000. United Rentals accounts for 1.4% of Vaughan Nelson Investment Management L.P.’s holdings, making the stock its 20th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of URI. Nuveen LLC acquired a new stake in United Rentals in the first quarter valued at $402,291,000. JPMorgan Chase & Co. increased its holdings in 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 purchasing an additional 541,579 shares during the period. The Manufacturers Life Insurance Company increased its holdings in United Rentals by 28.8% in the first quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company’s stock valued at $532,561,000 after purchasing an additional 190,007 shares during the period. Goldman Sachs Group Inc. increased its holdings in 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 purchasing an additional 120,449 shares during the period. Finally, Ceredex Value Advisors LLC acquired a new stake in United Rentals in the first quarter valued at $65,613,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

URI has been the subject of a number of recent research reports. KeyCorp increased their price objective on United Rentals from $1,075.00 to $1,120.00 and gave the company an “overweight” rating in a report on Thursday, September 25th. UBS Group increased their price objective on shares of United Rentals from $780.00 to $835.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Morgan Stanley raised their price target on shares of United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Barclays raised their price target on shares of United Rentals from $565.00 to $620.00 and gave the company an “underweight” rating in a research report on Monday, July 21st. Finally, Baird R W upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and a consensus target price of $941.00.

United Rentals Price Performance

Shares of NYSE:URI opened at $982.25 on Friday. The company’s fifty day moving average is $927.68 and its 200 day moving average is $772.81. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $997.50. The stock has a market cap of $63.20 billion, a PE ratio of 25.40, a PEG ratio of 2.26 and a beta of 1.73. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.54 by ($0.07). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.90 billion. During the same quarter in the previous year, the firm posted $10.70 EPS. United Rentals’s revenue was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. Research analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were given 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 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.