Teacher Retirement System of Texas Has $8.13 Million Holdings in United Rentals, Inc. $URI

Teacher Retirement System of Texas trimmed its position in United Rentals, Inc. (NYSE:URI) by 17.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,516 shares of the construction company’s stock after selling 1,784 shares during the quarter. Teacher Retirement System of Texas’ holdings in United Rentals were worth $8,130,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC raised its holdings in shares of United Rentals by 650.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 30 shares of the construction company’s stock worth $29,000 after buying an additional 26 shares in the last quarter. Cedar Mountain Advisors LLC bought a new position in United Rentals in the 3rd quarter worth approximately $32,000. Loomis Sayles & Co. L P bought a new stake in shares of United Rentals during the second quarter worth $28,000. Steigerwald Gordon & Koch Inc. acquired a new position in United Rentals during the 3rd quarter valued at about $40,000. Finally, Davis Capital Management acquired a new position in United Rentals in the third quarter valued at approximately $47,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Stock Performance

United Rentals stock opened at $917.28 on Monday. The stock has a market cap of $58.37 billion, a PE ratio of 23.59, a P/E/G ratio of 1.91 and a beta of 1.69. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.40. The business’s 50-day moving average price is $843.26 and its two-hundred day moving average price is $886.80. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $1,021.47.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. KeyCorp reiterated an “overweight” rating on shares of United Rentals in a research report on Wednesday, December 3rd. Truist Financial reduced their price objective on United Rentals from $1,169.00 to $1,045.00 and set a “buy” rating for the company in a research report on Thursday, December 18th. Barclays decreased their target price on shares of United Rentals from $620.00 to $600.00 and set an “underweight” rating for the company in a research report on Monday, October 20th. Citigroup boosted their price target on United Rentals from $950.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Finally, UBS Group raised shares of United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 price objective for the company in a research report on Sunday, January 4th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and an average price target of $970.76.

United Rentals Company Profile

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.