United Rentals, Inc. (NYSE:URI) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its position in shares of United Rentals, Inc. (NYSE:URI) by 9.2% in the first quarter, HoldingsChannel reports. The firm owned 34,213 shares of the construction company’s stock after selling 3,453 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in United Rentals were worth $24,671,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Procyon Advisors LLC raised its position in United Rentals by 9.0% during the fourth quarter. Procyon Advisors LLC now owns 716 shares of the construction company’s stock valued at $410,000 after acquiring an additional 59 shares in the last quarter. SeaCrest Wealth Management LLC raised its position in United Rentals by 10.8% during the fourth quarter. SeaCrest Wealth Management LLC now owns 512 shares of the construction company’s stock valued at $277,000 after acquiring an additional 50 shares in the last quarter. Caprock Group LLC raised its position in United Rentals by 2.3% during the fourth quarter. Caprock Group LLC now owns 900 shares of the construction company’s stock valued at $516,000 after acquiring an additional 20 shares in the last quarter. Gradient Investments LLC raised its position in United Rentals by 0.6% during the fourth quarter. Gradient Investments LLC now owns 27,310 shares of the construction company’s stock valued at $15,660,000 after acquiring an additional 169 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised its position in United Rentals by 31.5% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 634 shares of the construction company’s stock valued at $363,000 after acquiring an additional 152 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insiders Place Their Bets

In other news, COO Michael D. Durand sold 559 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $674.56, for a total transaction of $377,079.04. Following the completion of the transaction, the chief operating officer now directly owns 8,052 shares in the company, valued at approximately $5,431,557.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Matthew John Flannery sold 8,379 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the completion of the transaction, the chief executive officer now directly owns 103,400 shares in the company, valued at approximately $72,341,742. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Michael D. Durand sold 559 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $674.56, for a total value of $377,079.04. Following the transaction, the chief operating officer now owns 8,052 shares of the company’s stock, valued at $5,431,557.12. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on URI. Citigroup began coverage on United Rentals in a research report on Wednesday, June 26th. They issued a “buy” rating and a $745.00 price objective for the company. The Goldman Sachs Group boosted their price objective on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research report on Friday. Stifel Nicolaus boosted their price objective on United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Oppenheimer restated a “market perform” rating on shares of United Rentals in a research report on Monday, April 29th. Finally, Truist Financial boosted their price objective on United Rentals from $785.00 to $873.00 and gave the company a “buy” rating in a research report on Friday. Three analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, United Rentals presently has an average rating of “Hold” and a consensus target price of $670.92.

United Rentals Trading Down 0.3 %

NYSE URI traded down $2.56 on Monday, reaching $749.65. 243,491 shares of the company were exchanged, compared to its average volume of 584,121. The business’s fifty day moving average price is $664.83 and its 200 day moving average price is $663.56. The stock has a market capitalization of $49.58 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 2.23 and a beta of 1.71. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. United Rentals, Inc. has a fifty-two week low of $387.01 and a fifty-two week high of $789.80.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 earnings per share for the quarter, topping analysts’ consensus estimates of $10.48 by $0.22. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.77 billion. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.88 earnings per share. Analysts forecast that United Rentals, Inc. will post 44.04 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th will be paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Wednesday, August 14th. United Rentals’s dividend payout ratio (DPR) is currently 17.66%.

United Rentals 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.