United Rentals, Inc. $URI Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its position in shares of United Rentals, Inc. (NYSE:URI) by 0.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 55,516 shares of the construction company’s stock after selling 457 shares during the period. New York State Teachers Retirement System’s holdings in United Rentals were worth $40,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Aventura Private Wealth LLC bought a new stake in United Rentals during the fourth quarter valued at $27,000. Core Wealth Advisors LLC bought a new position in shares of United Rentals in the 4th quarter worth about $28,000. MV Capital Management Inc. acquired a new position in shares of United Rentals in the 4th quarter valued at about $28,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of United Rentals in the 3rd quarter valued at about $35,000. Finally, Board of the Pension Protection Fund bought a new stake in shares of United Rentals during the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on URI shares. Citigroup increased their price objective on shares of United Rentals from $950.00 to $1,130.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Weiss Ratings upgraded United Rentals from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 24th. Royal Bank Of Canada upped their target price on United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Truist Financial increased their price target on United Rentals from $1,209.00 to $1,421.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Evercore reissued an “outperform” rating and issued a $1,101.00 price target on shares of United Rentals in a report on Monday, May 11th. Fifteen research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, United Rentals has an average rating of “Moderate Buy” and an average price target of $1,119.69.

United Rentals Stock Up 0.2%

URI stock opened at $1,100.43 on Friday. The stock has a market cap of $68.94 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 1.76 and a beta of 1.79. The firm’s 50-day simple moving average is $1,018.24 and its 200 day simple moving average is $892.34. United Rentals, Inc. has a fifty-two week low of $701.59 and a fifty-two week high of $1,143.69. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.37.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the firm earned $8.86 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, sell-side analysts predict that United Rentals, Inc. will post 46.76 EPS for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were issued a dividend of $1.97 per share. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 13th. United Rentals’s payout ratio is 20.10%.

Insiders Place Their Bets

In other news, EVP Craig Adam Pintoff sold 2,466 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $963.00, for a total transaction of $2,374,758.00. Following the completion of the transaction, the executive vice president directly owned 14,774 shares in the company, valued at approximately $14,227,362. The trade was a 14.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Andrew B. Limoges sold 548 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $977.86, for a total value of $535,867.28. Following the completion of the transaction, the vice president directly owned 1,865 shares of the company’s stock, valued at $1,823,708.90. This trade represents a 22.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 26,088 shares of company stock valued at $25,628,877. Corporate insiders own 0.47% of the company’s stock.

United Rentals 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.