Callahan Advisors LLC Has $7.09 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

Callahan Advisors LLC boosted its position in United Rentals, Inc. (NYSE:URI - Free Report) by 18.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,320 shares of the construction company's stock after purchasing an additional 1,745 shares during the quarter. Callahan Advisors LLC's holdings in United Rentals were worth $7,094,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Erste Asset Management GmbH increased its stake in United Rentals by 0.5% during the 4th quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company's stock valued at $2,002,000 after buying an additional 14 shares during the period. Forum Financial Management LP increased its stake in United Rentals by 1.9% during the 4th quarter. Forum Financial Management LP now owns 749 shares of the construction company's stock valued at $528,000 after buying an additional 14 shares during the period. Centaurus Financial Inc. increased its stake in United Rentals by 1.7% during the 4th quarter. Centaurus Financial Inc. now owns 999 shares of the construction company's stock valued at $704,000 after buying an additional 17 shares during the period. Leavell Investment Management Inc. increased its stake in United Rentals by 3.6% during the 1st quarter. Leavell Investment Management Inc. now owns 515 shares of the construction company's stock valued at $323,000 after buying an additional 18 shares during the period. Finally, HBK Sorce Advisory LLC increased its stake in United Rentals by 4.0% during the 1st quarter. HBK Sorce Advisory LLC now owns 490 shares of the construction company's stock valued at $307,000 after buying an additional 19 shares during the period. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Down 0.7%

NYSE URI traded down $5.47 during trading on Friday, reaching $814.27. The company's stock had a trading volume of 603,953 shares, compared to its average volume of 587,416. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $52.93 billion, a PE ratio of 21.08, a PEG ratio of 2.00 and a beta of 1.69. The business has a 50-day moving average price of $722.31 and a 200-day moving average price of $686.12. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the prior year, the business earned $9.15 EPS. The company's revenue for the quarter was up 6.7% compared to the same quarter last year. On average, research 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 disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were paid a dividend of $1.79 per share. The ex-dividend date was Wednesday, May 14th. This represents a $7.16 annualized dividend and a yield of 0.88%. United Rentals's dividend payout ratio is 18.54%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Redburn Atlantic cut shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective on the stock. in a research note on Friday, June 13th. UBS Group raised shares of United Rentals from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $485.00 to $780.00 in a research note on Friday, May 16th. Sanford C. Bernstein raised shares of United Rentals from an "underperform" rating to a "market perform" rating and lowered their price objective for the stock from $705.00 to $666.00 in a research note on Tuesday, March 25th. Evercore ISI decreased their target price on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a report on Monday, May 19th. Finally, Truist Financial raised their target price on shares of United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, United Rentals currently has a consensus rating of "Moderate Buy" and an average price target of $768.54.

Insider Activity

In related news, VP Andrew B. Limoges sold 708 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $705.86, for a total value of $499,748.88. Following the transaction, the vice president directly owned 1,921 shares in the company, valued at $1,355,957.06. This represents a 26.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael D. Durand sold 1,100 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total transaction of $688,908.00. Following the completion of the transaction, the executive vice president owned 8,748 shares in the company, valued at $5,478,697.44. This represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by corporate insiders.

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.