United Rentals, Inc. $URI Stock Holdings Lowered by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its position in shares of United Rentals, Inc. (NYSE:URI) by 4.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,801 shares of the construction company’s stock after selling 650 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in United Rentals were worth $11,979,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Aventura Private Wealth LLC acquired a new stake in United Rentals in the fourth quarter worth about $27,000. Abich Financial Wealth Management LLC acquired a new stake in United Rentals in the third quarter worth about $29,000. Board of the Pension Protection Fund acquired a new stake in United Rentals in the fourth quarter worth about $32,000. Laurel Wealth Advisors LLC acquired a new stake in United Rentals in the fourth quarter worth about $32,000. Finally, Fortitude Family Office LLC lifted its holdings in United Rentals by 121.1% in the fourth quarter. Fortitude Family Office LLC now owns 42 shares of the construction company’s stock worth $34,000 after purchasing an additional 23 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on URI. JPMorgan Chase & Co. upped their price objective on shares of United Rentals from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Barclays upped their price target on shares of United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a report on Friday, April 24th. 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. KeyCorp upped their price target on shares of United Rentals from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Finally, Royal Bank Of Canada upped their price target on shares of United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Twelve investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, United Rentals has a consensus rating of “Moderate Buy” and an average price target of $1,006.13.

Insider Buying and Selling

In other news, CEO Matthew John Flannery sold 22,768 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $984.98, for a total value of $22,426,024.64. Following the transaction, the chief executive officer owned 99,980 shares in the company, valued at $98,478,300.40. This represents a 18.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Andrew B. Limoges sold 548 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were 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 owned 1,865 shares in the company, valued at $1,823,708.90. This represents a 22.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,088 shares of company stock worth $25,628,877 in the last quarter. 0.47% of the stock is currently owned by corporate insiders.

United Rentals Price Performance

NYSE URI opened at $998.03 on Tuesday. The stock’s 50-day moving average price is $860.45 and its two-hundred day moving average price is $846.62. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. The company has a market cap of $62.53 billion, a PE ratio of 25.46, a PEG ratio of 1.58 and a beta of 1.81. United Rentals, Inc. has a 1 year low of $681.98 and a 1 year high of $1,021.47.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.47 by ($1.76). The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.United Rentals’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.86 EPS. On average, analysts predict that United Rentals, Inc. will post 47.07 EPS for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were issued a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, May 13th. United Rentals’s payout ratio is presently 20.10%.

United Rentals Company 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.