State Board of Administration of Florida Retirement System boosted its stake in United Rentals, Inc. (NYSE:URI) by 1.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 110,618 shares of the construction company’s stock after buying an additional 1,848 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in United Rentals were worth $11,342,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in URI. Paradigm Asset Management Co. LLC bought a new position in United Rentals in the 3rd quarter valued at $49,000. CWM LLC grew its stake in shares of United Rentals by 653.0% during the 4th quarter. CWM LLC now owns 625 shares of the construction company’s stock worth $64,000 after acquiring an additional 542 shares during the period. Dubuque Bank & Trust Co. grew its stake in shares of United Rentals by 181.5% during the 4th quarter. Dubuque Bank & Trust Co. now owns 836 shares of the construction company’s stock worth $86,000 after acquiring an additional 539 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of United Rentals during the 3rd quarter worth $106,000. Finally, Belpointe Asset Management LLC bought a new position in shares of United Rentals during the 3rd quarter worth $124,000. 96.88% of the stock is owned by institutional investors and hedge funds.

In other United Rentals news, Director Shiv Singh purchased 390 shares of the stock in a transaction on Monday, January 28th. The shares were purchased at an average price of $124.72 per share, with a total value of $48,640.80. Following the acquisition, the director now directly owns 2,803 shares in the company, valued at approximately $349,590.16. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Dale A. Asplund sold 11,245 shares of the firm’s stock in a transaction dated Monday, January 28th. The shares were sold at an average price of $125.00, for a total value of $1,405,625.00. Following the completion of the sale, the executive vice president now directly owns 13,010 shares in the company, valued at approximately $1,626,250. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Several research firms have recently weighed in on URI. Zacks Investment Research upgraded United Rentals from a “hold” rating to a “buy” rating and set a $143.00 price target for the company in a research note on Wednesday, January 30th. UBS Group set a $180.00 target price on United Rentals and gave the stock a “buy” rating in a research note on Thursday, October 18th. Bank of America set a $175.00 target price on United Rentals and gave the stock a “buy” rating in a research note on Thursday, October 18th. Morgan Stanley cut their target price on United Rentals from $190.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, October 31st. Finally, Citigroup cut their target price on United Rentals from $200.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, October 19th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. United Rentals currently has an average rating of “Buy” and an average price target of $157.09.

Shares of NYSE URI opened at $127.89 on Tuesday. United Rentals, Inc. has a 52 week low of $94.28 and a 52 week high of $190.74. The company has a quick ratio of 0.78, a current ratio of 0.83 and a debt-to-equity ratio of 3.19. The stock has a market capitalization of $10.05 billion, a price-to-earnings ratio of 7.87, a P/E/G ratio of 0.37 and a beta of 2.51.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, January 23rd. The construction company reported $4.85 EPS for the quarter, topping the consensus estimate of $4.77 by $0.08. United Rentals had a return on equity of 41.91% and a net margin of 13.62%. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the company earned $3.34 EPS. The firm’s revenue was up 20.0% compared to the same quarter last year. On average, equities analysts forecast that United Rentals, Inc. will post 19.31 earnings per share for the current fiscal year.

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United Rentals Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power, and Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.

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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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