Teacher Retirement System of Texas Has $5.69 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

Teacher Retirement System of Texas boosted its stake in United Rentals, Inc. (NYSE:URI) by 0.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 8,083 shares of the construction company’s stock after acquiring an additional 76 shares during the quarter. Teacher Retirement System of Texas’ holdings in United Rentals were worth $5,694,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of URI. Rialto Wealth Management LLC acquired a new stake in United Rentals during the fourth quarter valued at $25,000. ORG Wealth Partners LLC purchased a new stake in shares of United Rentals during the 4th quarter worth about $26,000. Hanson & Doremus Investment Management acquired a new stake in shares of United Rentals during the 4th quarter valued at about $33,000. Kestra Investment Management LLC bought a new stake in shares of United Rentals in the 4th quarter valued at approximately $34,000. Finally, OFI Invest Asset Management acquired a new position in United Rentals in the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

URI has been the subject of a number of analyst reports. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. upped their price objective on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Citigroup cut their target price on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Evercore ISI decreased their price target on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Finally, Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $815.67.

Insider Activity

In other United Rentals news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction on Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the sale, the chief financial officer now owns 6,880 shares in the company, valued at $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.53% of the stock is currently owned by company insiders.

United Rentals Trading Down 0.3 %

Shares of URI stock opened at $628.63 on Monday. The firm has a market capitalization of $41.05 billion, a P/E ratio of 16.22, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a 1 year low of $585.27 and a 1 year high of $896.98. The firm’s fifty day simple moving average is $696.39 and its 200 day simple moving average is $757.16. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. As a group, sell-side analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Wednesday, February 12th. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio (DPR) is presently 18.48%.

United Rentals Company 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.