Public Employees Retirement System of Ohio Sells 3,453 Shares of United Rentals, Inc. (NYSE:URI)

Public Employees Retirement System of Ohio trimmed its holdings in United Rentals, Inc. (NYSE:URI) by 9.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,213 shares of the construction company’s stock after selling 3,453 shares during the period. Public Employees Retirement System of Ohio owned about 0.05% of United Rentals worth $24,671,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in URI. Morse Asset Management Inc raised its holdings in shares of United Rentals by 1.8% in the first quarter. Morse Asset Management Inc now owns 14,521 shares of the construction company’s stock valued at $10,471,000 after purchasing an additional 252 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of United Rentals by 0.8% in the first quarter. Lazard Asset Management LLC now owns 4,077 shares of the construction company’s stock valued at $2,939,000 after purchasing an additional 33 shares during the last quarter. Huber Capital Management LLC raised its holdings in shares of United Rentals by 2.5% in the first quarter. Huber Capital Management LLC now owns 9,585 shares of the construction company’s stock valued at $6,912,000 after purchasing an additional 231 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of United Rentals by 40.1% in the first quarter. Canada Pension Plan Investment Board now owns 30,146 shares of the construction company’s stock valued at $21,739,000 after purchasing an additional 8,626 shares during the last quarter. Finally, Capital International Investors purchased a new stake in shares of United Rentals in the first quarter valued at about $332,349,000. 96.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on URI. Oppenheimer reiterated a “market perform” rating on shares of United Rentals in a report on Monday, April 29th. The Goldman Sachs Group raised their price objective on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a report on Friday. Raymond James assumed coverage on shares of United Rentals in a report on Friday, June 28th. They set an “outperform” rating and a $750.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on shares of United Rentals in a report on Friday, June 7th. They set an “overweight” rating and a $780.00 price objective for the company. Finally, Stifel Nicolaus raised their price objective on shares of United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, United Rentals presently has a consensus rating of “Hold” and a consensus price target of $670.92.

Insider Activity

In other United Rentals 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 transaction of $377,079.04. Following the completion of the sale, the chief operating officer now directly owns 8,052 shares in the company, valued at $5,431,557.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other United Rentals 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 transaction of $377,079.04. Following the completion of the sale, the chief operating officer now directly owns 8,052 shares in the company, valued at $5,431,557.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Matthew John Flannery sold 8,379 shares of United Rentals 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 of the company’s stock, valued at $72,341,742. The disclosure for this sale can be found here. 0.53% of the stock is owned by company insiders.

United Rentals Stock Performance

Shares of URI traded down $2.56 during trading hours on Monday, hitting $749.65. The company’s stock had a trading volume of 243,491 shares, compared to its average volume of 584,121. The business has a 50 day simple moving average of $664.83 and a two-hundred day simple moving average of $663.56. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76. United Rentals, Inc. has a 52-week low of $387.01 and a 52-week high of $789.80. The company has a market cap of $49.58 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 2.23 and a beta of 1.71.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 EPS for the quarter, beating analysts’ consensus estimates of $10.48 by $0.22. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the business earned $9.88 earnings per share. United Rentals’s revenue was up 6.2% compared to the same quarter last year. On average, equities analysts expect that United Rentals, Inc. will post 44.04 earnings per share for the current fiscal year.

United Rentals Announces Dividend

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

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.