United Rentals, Inc. $URI Shares Acquired by Callan Family Office LLC

Key Points

• Callan Family Office LLC significantly increased its stake in United Rentals, Inc. by 115.0%, owning a total of 1,679 shares valued at approximately $1,265,000.
• United Rentals recently reported quarterly earnings of $10.47 per share, which fell short of analysts' expectations of $10.54, although revenue grew by 4.5% year-over-year.
• The company announced a quarterly dividend of $1.79, yielding around 0.8%, and the payout ratio stands at 18.52%.

Callan Family Office LLC lifted its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 115.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,679 shares of the construction company's stock after purchasing an additional 898 shares during the period. Callan Family Office LLC's holdings in United Rentals were worth $1,265,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Muhlenkamp & Co. Inc. lifted its position in shares of United Rentals by 1.0% during the second quarter. Muhlenkamp & Co. Inc. now owns 15,527 shares of the construction company's stock worth $11,698,000 after purchasing an additional 159 shares in the last quarter. Copperwynd Financial LLC raised its holdings in United Rentals by 1.7% in the second quarter. Copperwynd Financial LLC now owns 1,317 shares of the construction company's stock valued at $992,000 after acquiring an additional 22 shares in the last quarter. Tectonic Advisors LLC raised its holdings in United Rentals by 8.6% in the second quarter. Tectonic Advisors LLC now owns 1,452 shares of the construction company's stock valued at $1,094,000 after acquiring an additional 115 shares in the last quarter. Maryland State Retirement & Pension System raised its holdings in United Rentals by 2.9% in the second quarter. Maryland State Retirement & Pension System now owns 3,151 shares of the construction company's stock valued at $2,374,000 after acquiring an additional 90 shares in the last quarter. Finally, Independent Solutions Wealth Management LLC raised its holdings in United Rentals by 4.3% in the second quarter. Independent Solutions Wealth Management LLC now owns 2,932 shares of the construction company's stock valued at $2,209,000 after acquiring an additional 121 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Down 2.9%

Shares of NYSE:URI opened at $951.67 on Monday. The stock has a market capitalization of $61.23 billion, a price-to-earnings ratio of 24.61, a price-to-earnings-growth ratio of 2.19 and a beta of 1.73. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,004.92. The company's fifty day moving average is $937.56 and its two-hundred day moving average is $786.57. 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 (NYSE:URI - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.90 billion. During the same period last year, the business earned $10.70 EPS. The firm's revenue was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. Equities analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals's dividend payout ratio (DPR) is 18.52%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. KeyCorp upped their price target on shares of 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 upped their price target on shares of United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. BNP Paribas Exane raised shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 price target on the stock in a report on Tuesday, September 16th. Baird R W raised shares of United Rentals from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 1st. Finally, Argus set a $935.00 target price on shares of United Rentals in a report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $956.13.

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.

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