United Rentals, Inc. $URI Shares Purchased by Callahan Advisors LLC

Key Points

• Callahan Advisors LLC increased its stake in United Rentals by 2.3% during the second quarter, now owning 11,584 shares valued at approximately $8.73 million.
• Several institutional investors, including Nuveen LLC and JPMorgan Chase & Co., have made significant investments in United Rentals, with over 96% of stock owned by institutional investors.
• Analysts have set varying price targets for United Rentals, with KeyCorp raising its target to $1,120, while the consensus price target sits at $956.13 with a "Moderate Buy" rating.

Callahan Advisors LLC increased its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,584 shares of the construction company's stock after acquiring an additional 264 shares during the quarter. Callahan Advisors LLC's holdings in United Rentals were worth $8,727,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new position in United Rentals in the first quarter valued at $402,291,000. JPMorgan Chase & Co. increased its stake 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. Vaughan Nelson Investment Management L.P. acquired a new position in United Rentals in the second quarter valued at $152,069,000. The Manufacturers Life Insurance Company increased its stake 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. Finally, Goldman Sachs Group Inc. increased its stake 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. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

URI has been the topic of a number of recent research reports. KeyCorp lifted their price objective on shares of United Rentals from $1,075.00 to $1,120.00 and gave the company an "overweight" rating in a research note on Thursday, September 25th. BNP Paribas set a $900.00 price objective on shares of United Rentals and gave the company a "neutral" rating in a research note on Tuesday, September 16th. BNP Paribas Exane upgraded shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 price objective on the stock in a research note on Tuesday, September 16th. Weiss Ratings restated a "hold (c+)" rating on shares of United Rentals in a research note on Wednesday, October 8th. Finally, Truist Financial boosted their price target on shares of United Rentals from $952.00 to $1,194.00 and gave the stock a "buy" rating in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, United Rentals has a consensus rating of "Moderate Buy" and a consensus target price of $956.13.

United Rentals Trading Up 1.9%

Shares of United Rentals stock opened at $1,019.62 on Thursday. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $1,021.36. 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's 50-day simple moving average is $945.47 and its 200-day simple moving average is $792.05. The firm has a market cap of $65.60 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 2.31 and a beta of 1.73.

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

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were issued a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a yield of 0.7%. United Rentals's payout ratio is currently 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.

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