United Rentals, Inc. (NYSE:URI) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board cut its holdings in United Rentals, Inc. (NYSE:URI) by 59.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,794 shares of the construction company’s stock after selling 2,602 shares during the period. Ontario Teachers Pension Plan Board’s holdings in United Rentals were worth $1,029,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Ballentine Partners LLC boosted its holdings in shares of United Rentals by 2.1% in the 4th quarter. Ballentine Partners LLC now owns 889 shares of the construction company’s stock valued at $510,000 after buying an additional 18 shares during the period. DGS Capital Management LLC boosted its holdings in shares of United Rentals by 1.3% in the 4th quarter. DGS Capital Management LLC now owns 1,441 shares of the construction company’s stock valued at $827,000 after buying an additional 18 shares during the period. Oak Ridge Investments LLC boosted its holdings in shares of United Rentals by 0.3% in the 4th quarter. Oak Ridge Investments LLC now owns 5,816 shares of the construction company’s stock valued at $3,335,000 after buying an additional 20 shares during the period. Caprock Group LLC boosted its holdings in shares of United Rentals by 2.3% in the 4th quarter. Caprock Group LLC now owns 900 shares of the construction company’s stock valued at $516,000 after buying an additional 20 shares during the period. Finally, AdvisorNet Financial Inc boosted its holdings in shares of United Rentals by 71.4% in the 4th quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock valued at $28,000 after buying an additional 20 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO Michael D. Durand sold 559 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $674.56, for a total value of $377,079.04. Following the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Michael D. Durand sold 559 shares of United Rentals stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $674.56, for a total value of $377,079.04. Following the transaction, the chief operating officer now directly owns 8,052 shares of the company’s stock, valued at $5,431,557.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Matthew John Flannery sold 8,379 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the sale, the chief executive officer now owns 103,400 shares in the company, valued at approximately $72,341,742. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.

United Rentals Stock Up 1.0 %

URI stock opened at $673.55 on Friday. United Rentals, Inc. has a 52 week low of $330.30 and a 52 week high of $732.37. The company has a market capitalization of $44.85 billion, a price-to-earnings ratio of 18.24, a price-to-earnings-growth ratio of 2.19 and a beta of 1.82. The firm’s 50-day moving average is $685.43 and its two-hundred day moving average is $615.89. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 1.39.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $8.35 by $0.80. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same period in the previous year, the firm earned $7.95 EPS. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, analysts forecast that United Rentals, Inc. will post 43.61 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were issued a $1.63 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.97%. United Rentals’s payout ratio is currently 17.66%.

Analysts Set New Price Targets

Several brokerages recently weighed in on URI. Truist Financial lifted their price objective on shares of United Rentals from $793.00 to $796.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Oppenheimer reiterated a “market perform” rating on shares of United Rentals in a research report on Monday, April 29th. Stifel Nicolaus lifted their price objective on shares of United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Evercore ISI lifted their price objective on shares of United Rentals from $575.00 to $740.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. Finally, The Goldman Sachs Group lifted their price objective on shares of United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $600.79.

About United Rentals

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.