Calamos Advisors LLC Lowers Stock Holdings in United Rentals, Inc. $URI

Calamos Advisors LLC cut its stake in shares of United Rentals, Inc. (NYSE:URI) by 24.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,067 shares of the construction company’s stock after selling 7,200 shares during the quarter. Calamos Advisors LLC’s holdings in United Rentals were worth $16,077,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AMF Tjanstepension AB purchased a new stake in shares of United Rentals in the first quarter valued at approximately $60,249,000. J. Safra Sarasin Holding AG increased its holdings in United Rentals by 86.3% during the 1st quarter. J. Safra Sarasin Holding AG now owns 721 shares of the construction company’s stock worth $525,000 after purchasing an additional 334 shares during the period. Applied Finance Capital Management LLC raised its position in United Rentals by 4.7% during the 1st quarter. Applied Finance Capital Management LLC now owns 21,721 shares of the construction company’s stock valued at $15,825,000 after purchasing an additional 976 shares in the last quarter. LGT Fund Management Co Ltd. lifted its holdings in shares of United Rentals by 12.3% in the 1st quarter. LGT Fund Management Co Ltd. now owns 1,190 shares of the construction company’s stock worth $867,000 after buying an additional 130 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in shares of United Rentals by 10.3% in the 1st quarter. International Assets Investment Management LLC now owns 1,813 shares of the construction company’s stock worth $1,326,000 after buying an additional 170 shares during the period. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Down 1.9%

URI stock opened at $1,064.77 on Wednesday. United Rentals, Inc. has a one year low of $701.59 and a one year high of $1,143.69. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80. The firm’s fifty day moving average is $1,034.86 and its 200 day moving average is $906.18. The firm has a market cap of $66.71 billion, a PE ratio of 27.16, a P/E/G ratio of 1.74 and a beta of 1.79.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter last year, the company posted $8.86 EPS. The company’s revenue was up 7.2% on a year-over-year basis. On average, research analysts forecast that United Rentals, Inc. will post 46.7 EPS for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were issued a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 13th. United Rentals’s dividend payout ratio (DPR) is presently 20.10%.

Analyst Ratings Changes

A number of research firms have commented on URI. JPMorgan Chase & Co. raised their target price on shares of United Rentals from $1,050.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Monday. Citigroup boosted their target price on United Rentals from $1,210.00 to $1,270.00 and gave the stock a “buy” rating in a research note on Tuesday. Royal Bank Of Canada upped their price target on shares of United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings lowered United Rentals from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 9th. Finally, Barclays raised their price target on shares of United Rentals from $600.00 to $715.00 and gave the stock an “underweight” rating in a research report on Friday, April 24th. Fourteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, United Rentals has an average rating of “Moderate Buy” and an average target price of $1,131.56.

Insider Activity at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 306 shares of United Rentals stock in a transaction on Monday, April 27th. The shares were sold at an average price of $954.99, for a total transaction of $292,226.94. Following the sale, the senior vice president owned 5,738 shares of the company’s stock, valued at $5,479,732.62. The trade was a 5.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Matthew John Flannery sold 22,768 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the transaction, the chief executive officer owned 99,980 shares in the company, valued at $98,478,300.40. The trade was a 18.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 26,088 shares of company stock valued at $25,628,877. 0.47% of the stock is owned by corporate insiders.

About United Rentals

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.