United Rentals, Inc. $URI Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System cut its holdings in United Rentals, Inc. (NYSE:URI) by 3.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,001 shares of the construction company’s stock after selling 3,082 shares during the quarter. California State Teachers Retirement System’s holdings in United Rentals were worth $72,857,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Great Valley Advisor Group Inc. raised its position in United Rentals by 2.9% during the second quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock worth $292,000 after acquiring an additional 11 shares during the period. Bridgewater Advisors Inc. grew its position in shares of United Rentals by 1.2% in the fourth quarter. Bridgewater Advisors Inc. now owns 967 shares of the construction company’s stock valued at $783,000 after purchasing an additional 11 shares during the period. PFG Investments LLC grew its position in shares of United Rentals by 0.9% in the first quarter. PFG Investments LLC now owns 1,172 shares of the construction company’s stock valued at $854,000 after purchasing an additional 11 shares during the period. Fearless Solutions LLC dba Best Invest increased its stake in shares of United Rentals by 2.2% during the fourth quarter. Fearless Solutions LLC dba Best Invest now owns 554 shares of the construction company’s stock worth $448,000 after purchasing an additional 12 shares in the last quarter. Finally, Legacy Financial Advisors Inc. increased its stake in shares of United Rentals by 3.9% during the fourth quarter. Legacy Financial Advisors Inc. now owns 322 shares of the construction company’s stock worth $260,000 after purchasing an additional 12 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at United Rentals

In other news, EVP William E. Grace sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the transaction, the executive vice president directly owned 6,062 shares in the company, valued at $6,869,155.30. The trade was a 19.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.47% of the stock is currently owned by corporate insiders.

United Rentals Price Performance

Shares of NYSE URI opened at $1,069.23 on Friday. The firm has a 50-day simple moving average of $1,064.93 and a 200-day simple moving average of $924.30. The stock has a market capitalization of $66.55 billion, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 1.37 and a beta of 1.79. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a 52 week low of $701.59 and a 52 week high of $1,177.67.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, topping the consensus estimate of $11.53 by $1.23. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same period last year, the firm posted $10.47 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, equities analysts predict that United Rentals, Inc. will post 48.35 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be paid a $1.97 dividend. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, August 12th. United Rentals’s dividend payout ratio (DPR) is 18.92%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on URI. BNP Paribas Exane upgraded shares of United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 price target for the company in a research report on Monday, June 29th. Royal Bank Of Canada lifted their price objective on United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Barclays boosted their price objective on United Rentals from $715.00 to $950.00 and gave the stock an “underweight” rating in a research note on Friday, July 24th. Robert W. Baird set a $1,300.00 target price on United Rentals in a report on Friday, July 24th. Finally, Citigroup raised their target price on United Rentals from $1,270.00 to $1,330.00 and gave the company a “buy” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, United Rentals presently has an average rating of “Moderate Buy” and an average price target of $1,226.50.

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.