Teachers Retirement System of The State of Kentucky cut its stake in United Rentals, Inc. (NYSE:URI) by 5.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 347,550 shares of the construction company’s stock after selling 21,480 shares during the period. United Rentals comprises approximately 0.7% of Teachers Retirement System of The State of Kentucky’s holdings, making the stock its 13th largest holding. Teachers Retirement System of The State of Kentucky owned approximately 0.41% of United Rentals worth $59,748,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Fulton Bank N.A. grew its position in United Rentals by 8.2% during the 4th quarter. Fulton Bank N.A. now owns 12,240 shares of the construction company’s stock worth $2,105,000 after acquiring an additional 932 shares during the last quarter. Systematic Financial Management LP bought a new stake in United Rentals during the 3rd quarter worth approximately $13,807,000. State of Wisconsin Investment Board grew its position in United Rentals by 10.2% during the 3rd quarter. State of Wisconsin Investment Board now owns 83,349 shares of the construction company’s stock worth $11,564,000 after acquiring an additional 7,735 shares during the last quarter. Prudential Financial Inc. grew its position in United Rentals by 3.1% during the 3rd quarter. Prudential Financial Inc. now owns 440,136 shares of the construction company’s stock worth $61,065,000 after acquiring an additional 13,254 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in United Rentals during the 4th quarter worth approximately $310,000. 90.22% of the stock is owned by institutional investors and hedge funds.
United Rentals, Inc. (NYSE:URI) opened at $190.00 on Monday. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.06 and a quick ratio of 1.02. The firm has a market capitalization of $15,990.60, a price-to-earnings ratio of 12.06, a PEG ratio of 0.67 and a beta of 2.53. United Rentals, Inc. has a 12 month low of $100.62 and a 12 month high of $190.00.
A number of equities research analysts recently commented on URI shares. Bank of America upgraded United Rentals to a “buy” rating and increased their price target for the stock from $165.00 to $195.00 in a research report on Tuesday, December 19th. Stifel Nicolaus reiterated a “buy” rating and issued a $171.00 price objective on shares of United Rentals in a research report on Thursday, December 14th. Zacks Investment Research lowered United Rentals from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. Barclays started coverage on United Rentals in a research report on Tuesday, December 12th. They issued an “underweight” rating and a $150.00 price objective on the stock. Finally, Buckingham Research increased their price objective on United Rentals from $175.00 to $180.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $180.18.
In other news, insider Michael Kneeland sold 30,000 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $182.75, for a total value of $5,482,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jessica Graziano sold 1,635 shares of the stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $181.25, for a total value of $296,343.75. Following the completion of the transaction, the senior vice president now directly owns 6,457 shares in the company, valued at approximately $1,170,331.25. The disclosure for this sale can be found here. In the last three months, insiders sold 76,840 shares of company stock worth $13,532,337. 1.20% of the stock is currently owned by company insiders.
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About United Rentals
United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.
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