Callan Family Office LLC Has $489,000 Position in United Rentals, Inc. (NYSE:URI)

Key Points

• Callan Family Office LLC has reduced its stake in United Rentals, Inc. (NYSE:URI) by 30.5%, now holding 781 shares valued at approximately $489,000.
• United Rentals reported a quarterly earnings per share (EPS) of $10.47, missing analyst estimates by $0.07, though revenue rose 4.5% year-over-year to $3.94 billion.
• The company declared a quarterly dividend of $1.79 per share, resulting in an annualized dividend yield of 0.8%.

Callan Family Office LLC cut its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 30.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 781 shares of the construction company's stock after selling 343 shares during the quarter. Callan Family Office LLC's holdings in United Rentals were worth $489,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in URI. GAMMA Investing LLC boosted its holdings in shares of United Rentals by 77,674.5% during the first quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock valued at $556,138,000 after acquiring an additional 886,266 shares during the period. Nuveen LLC acquired a new position in shares of United Rentals during the first quarter valued at $402,291,000. JPMorgan Chase & Co. boosted its holdings in shares of United Rentals by 98.1% during the first quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company's stock valued at $685,488,000 after acquiring an additional 541,579 shares during the period. Leigh Baldwin & CO. LLC acquired a new position in shares of United Rentals during the fourth quarter valued at $330,989,000. Finally, Capital World Investors boosted its holdings in shares of United Rentals by 17.1% during the fourth quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock valued at $1,564,722,000 after acquiring an additional 323,636 shares during the period. 96.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on URI. Citigroup reissued a "buy" rating and set a $810.00 price target (up previously from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. Barclays lifted their price objective on shares of United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a research note on Monday, July 21st. Bank of America lifted their price objective on shares of United Rentals from $895.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Evercore ISI cut their price objective on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating on the stock in a research note on Monday, May 19th. Finally, UBS Group lifted their price objective on shares of United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $834.64.

United Rentals Stock Down 1.2%

NYSE:URI traded down $11.14 on Friday, hitting $910.31. 372,708 shares of the company's stock traded hands, compared to its average volume of 626,014. 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, Inc. has a 1 year low of $525.91 and a 1 year high of $933.32. The firm has a 50-day moving average price of $801.52 and a 200-day moving average price of $708.49. The company has a market cap of $58.57 billion, a PE ratio of 23.54, a price-to-earnings-growth ratio of 2.13 and a beta of 1.72.

United Rentals (NYSE:URI - Get Free Report) last released its earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share 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%. The company's revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $10.70 EPS. Equities analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be paid a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. United Rentals's payout ratio is presently 18.52%.

United Rentals 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.