United Rentals, Inc. (NYSE:URI) Shares Acquired by Callan Family Office LLC

Callan Family Office LLC increased its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 87.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,124 shares of the construction company's stock after purchasing an additional 525 shares during the quarter. Callan Family Office LLC's holdings in United Rentals were worth $792,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of URI. Proficio Capital Partners LLC acquired a new stake in United Rentals in the fourth quarter worth about $171,733,000. Raymond James Financial Inc. acquired a new stake in United Rentals in the fourth quarter worth about $164,493,000. JPMorgan Chase & Co. lifted its holdings in United Rentals by 15.4% in the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company's stock worth $637,968,000 after purchasing an additional 105,287 shares during the period. FMR LLC lifted its holdings in United Rentals by 3.7% in the third quarter. FMR LLC now owns 2,416,568 shares of the construction company's stock worth $1,956,768,000 after purchasing an additional 85,325 shares during the period. Finally, National Pension Service lifted its holdings in United Rentals by 79.8% in the fourth quarter. National Pension Service now owns 167,813 shares of the construction company's stock worth $118,214,000 after purchasing an additional 74,479 shares during the period. Institutional investors and hedge funds own 96.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on URI. Morgan Stanley dropped their price target on shares of United Rentals from $775.00 to $765.00 and set an "equal weight" rating on the stock in a research report on Monday, February 3rd. Citigroup dropped their price target on shares of United Rentals from $985.00 to $835.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Evercore ISI dropped their price target on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Robert W. Baird upgraded shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price target on the stock in a research report on Tuesday, January 14th. Finally, Truist Financial reiterated a "buy" rating and issued a $956.00 price target (down from $963.00) on shares of United Rentals in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, United Rentals currently has a consensus rating of "Moderate Buy" and a consensus price target of $829.00.

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Insider Activity

In other news, CFO William E. Grace sold 1,100 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the transaction, the chief financial officer now owns 6,880 shares in the company, valued at $4,390,128. This represents a 13.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.53% of the stock is owned by corporate insiders.

United Rentals Price Performance

NYSE URI opened at $628.63 on Friday. The stock's 50-day moving average price is $711.17 and its two-hundred day moving average price is $764.91. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The company has a market cap of $41.05 billion, a PE ratio of 16.22, a PEG ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a 1 year low of $585.27 and a 1 year high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. On average, analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $1.79 dividend. This is an increase from United Rentals's previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.14%. United Rentals's dividend payout ratio is currently 18.48%.

United Rentals Company 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.

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