Callan Family Office LLC Purchases New Position in United Rentals, Inc. $URI

Key Points

• Callan Family Office acquired 2,848 United Rentals shares worth approximately $3.23 million, while institutional investors and hedge funds collectively own 96.26% of the company.
• Analysts remain broadly bullish, with 16 Buy ratings, one Strong Buy, and one Sell; the consensus rating is Moderate Buy with an average price target of $1,246.19.
• United Rentals beat quarterly expectations, reporting $12.76 in EPS and $4.41 billion in revenue, up 11.8% year over year. The company also declared a $1.97 quarterly dividend, equivalent to a 0.7% yield.

Callan Family Office LLC purchased a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,848 shares of the construction company's stock, valued at approximately $3,226,000.

Several other institutional investors also recently bought and sold shares of URI. Keebeck Wealth Management acquired a new position in shares of United Rentals during the 2nd quarter worth approximately $876,000. Blue Capital Inc. acquired a new stake in United Rentals in the 2nd quarter valued at $358,000. Keating Financial Advisory Services Inc. acquired a new stake in United Rentals in the 2nd quarter valued at $229,000. OneAscent Investment Solutions LLC purchased a new stake in United Rentals in the 2nd quarter worth $242,000. Finally, OneAscent Family Office LLC purchased a new stake in United Rentals in the 2nd quarter worth $378,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on URI shares. JPMorgan Chase & Co. increased their price objective on shares of United Rentals from $1,100.00 to $1,235.00 and gave the company an "overweight" rating in a report on Friday, July 24th. Truist Financial upped their price target on shares of United Rentals from $1,421.00 to $1,466.00 and gave the stock a "buy" rating in a research report on Friday, July 24th. Morgan Stanley set a $1,335.00 price target on shares of United Rentals and gave the company an "overweight" rating in a research note on Friday, July 24th. Bank of America lifted their price objective on United Rentals from $1,195.00 to $1,300.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Finally, Argus reiterated a "buy" rating and set a $1,250.00 price objective on shares of United Rentals in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $1,246.19.

United Rentals Stock Performance

URI opened at $1,095.21 on Friday. The firm has a market capitalization of $68.17 billion, a PE ratio of 26.30, a PEG ratio of 1.42 and a beta of 1.80. United Rentals, Inc. has a twelve month low of $701.59 and a twelve month high of $1,179.18. The firm's 50-day moving average price is $1,099.22 and its 200 day moving average price is $949.51. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.53 by $1.23. The company had revenue of $4.41 billion during the quarter, compared to analysts' expectations of $4.22 billion. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. United Rentals's revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $10.47 EPS. As a group, sell-side analysts expect that United Rentals, Inc. will post 48.55 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th will be issued a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, August 12th. United Rentals's payout ratio is currently 18.92%.

Insider Activity

In other news, EVP William E. Grace sold 1,500 shares of the company's stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the completion of the sale, the executive vice president directly owned 6,062 shares in the company, valued at $6,869,155.30. This represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.47% of the stock is owned by company insiders.

United Rentals Profile

United Rentals, Inc NYSE: URI is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company's product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.

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