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

Callan Family Office LLC increased its position in United Rentals, Inc. (NYSE:URI) by 115.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,679 shares of the construction company’s stock after acquiring an additional 898 shares during the period. Callan Family Office LLC’s holdings in United Rentals were worth $1,265,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of URI. Fourth Dimension Wealth LLC bought a new position in United Rentals in the 1st quarter valued at about $26,000. TruNorth Capital Management LLC grew its position in United Rentals by 1,266.7% in the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock valued at $26,000 after buying an additional 38 shares in the last quarter. Flaharty Asset Management LLC bought a new position in United Rentals in the 1st quarter valued at about $30,000. Migdal Insurance & Financial Holdings Ltd. grew its position in United Rentals by 69.0% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock valued at $31,000 after buying an additional 20 shares in the last quarter. Finally, Maseco LLP bought a new position in United Rentals in the 2nd quarter valued at about $32,000. Institutional investors own 96.26% of the company’s stock.

Analysts Set New Price Targets

URI has been the subject of a number of recent analyst reports. Citigroup increased their target price on shares of United Rentals from $1,000.00 to $1,080.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of United Rentals in a research report on Wednesday, October 8th. Robert W. Baird upgraded shares of United Rentals from a “neutral” rating to an “outperform” rating and increased their target price for the company from $888.00 to $1,050.00 in a research report on Wednesday, October 1st. Baird R W upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Bank of America raised their price objective on shares of United Rentals from $895.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $956.13.

United Rentals Stock Performance

NYSE:URI opened at $951.67 on Monday. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $1,004.92. The company has a 50-day moving average of $937.56 and a 200-day moving average of $786.57. The firm has a market cap 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. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34.

United Rentals (NYSE:URI) last announced its 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). 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 quarter in the previous year, the business earned $10.70 earnings per share. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. Analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were issued 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 (DPR) is presently 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.