Challenger Wealth Management Invests $219,000 in United Rentals, Inc. $URI

Key Points

• Challenger Wealth Management has acquired 350 shares of United Rentals, Inc., valued at approximately $219,000, as reported in their recent Form 13F filing.
• United Rentals' stock saw a 1.2% increase and has a market capitalization of $62.80 billion, alongside a recent earnings report showing a revenue of $3.94 billion, exceeding analysts' expectations.
• The company declared a quarterly dividend of $1.79 per share, representing an annualized dividend of $7.16 and a yield of 0.7%.

Challenger Wealth Management purchased a new stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 350 shares of the construction company's stock, valued at approximately $219,000.

A number of other hedge funds also recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC boosted its stake in shares of United Rentals by 4.7% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 1,949 shares of the construction company's stock valued at $1,221,000 after purchasing an additional 88 shares in the last quarter. Resources Management Corp CT ADV boosted its position in United Rentals by 217.4% during the 1st quarter. Resources Management Corp CT ADV now owns 146 shares of the construction company's stock valued at $91,000 after acquiring an additional 100 shares in the last quarter. Jones Financial Companies Lllp boosted its position in United Rentals by 96.6% during the 1st quarter. Jones Financial Companies Lllp now owns 2,884 shares of the construction company's stock valued at $1,807,000 after acquiring an additional 1,417 shares in the last quarter. Talon Private Wealth LLC boosted its position in United Rentals by 6,812.8% during the 1st quarter. Talon Private Wealth LLC now owns 2,696 shares of the construction company's stock valued at $1,704,000 after acquiring an additional 2,657 shares in the last quarter. Finally, UniSuper Management Pty Ltd boosted its position in United Rentals by 9.9% during the 1st quarter. UniSuper Management Pty Ltd now owns 5,754 shares of the construction company's stock valued at $3,606,000 after acquiring an additional 519 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.

Analyst Ratings Changes

URI has been the topic of several research reports. Argus set a $935.00 price target on United Rentals in a research report on Tuesday, August 12th. Truist Financial boosted their target price on shares of United Rentals from $786.00 to $952.00 and gave the company a "buy" rating in a report on Friday, July 25th. Bank of America boosted their target price on shares of United Rentals from $895.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Morgan Stanley boosted their price objective on shares of United Rentals from $702.00 to $955.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Finally, Barclays boosted their price objective on shares of United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a research note on Monday, July 21st. One 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's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $842.86.

United Rentals Stock Performance

URI traded down $20.98 during mid-day trading on Friday, reaching $938.61. 457,786 shares of the company traded hands, compared to its average volume of 634,088. The stock has a market capitalization of $60.39 billion, a P/E ratio of 24.27, a P/E/G ratio of 2.18 and a beta of 1.72. 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, Inc. has a 52-week low of $525.91 and a 52-week high of $980.53. The company's fifty day moving average price is $883.26 and its 200-day moving average price is $736.44.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results 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 business had revenue of $3.94 billion for the quarter, compared to analysts' expectations of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. United Rentals's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were paid a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Wednesday, August 13th. United Rentals's dividend payout ratio is 18.52%.

United Rentals Company 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.