Jacobi Capital Management LLC Purchases 235 Shares of United Rentals, Inc. $URI

Jacobi Capital Management LLC lifted its position in United Rentals, Inc. (NYSE:URI) by 12.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 2,148 shares of the construction company’s stock after buying an additional 235 shares during the period. Jacobi Capital Management LLC’s holdings in United Rentals were worth $1,346,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in URI. Janus Henderson Group PLC raised its holdings in shares of United Rentals by 19.1% in the fourth quarter. Janus Henderson Group PLC now owns 10,669 shares of the construction company’s stock valued at $7,512,000 after acquiring an additional 1,713 shares in the last quarter. Lazard Asset Management LLC raised its holdings in United Rentals by 16.1% in the fourth quarter. Lazard Asset Management LLC now owns 821 shares of the construction company’s stock worth $577,000 after purchasing an additional 114 shares in the last quarter. OMERS ADMINISTRATION Corp raised its holdings in United Rentals by 19.7% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 2,831 shares of the construction company’s stock worth $1,994,000 after purchasing an additional 466 shares in the last quarter. Occudo Quantitative Strategies LP bought a new position in United Rentals in the fourth quarter worth about $259,000. Finally, NorthRock Partners LLC raised its holdings in United Rentals by 154.4% in the fourth quarter. NorthRock Partners LLC now owns 1,117 shares of the construction company’s stock worth $787,000 after purchasing an additional 678 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Bank of America boosted their target price on shares of United Rentals from $895.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. 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. JPMorgan Chase & Co. boosted their target price on shares of United Rentals from $920.00 to $950.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Citigroup reiterated 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. Finally, Barclays boosted their target price on shares of United Rentals from $565.00 to $620.00 and gave the stock an “underweight” rating in a report on Monday, July 21st. 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 assigned a Sell rating to the company. According to MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and a consensus target price of $842.86.

United Rentals Stock Performance

URI opened at $959.56 on Friday. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $980.53. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. The company has a market cap of $61.74 billion, a P/E ratio of 24.81, a price-to-earnings-growth ratio of 2.18 and a beta of 1.72. The firm’s 50-day moving average price is $883.26 and its 200-day moving average price is $736.44.

United Rentals (NYSE:URI) last posted its quarterly earnings data 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 net margin of 16.11% and a return on equity of 32.01%. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same quarter last year, the company earned $10.70 EPS. The business’s revenue was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors 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 yield of 0.7%. 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.