Texas Permanent School Fund Sells 789 Shares of United Rentals, Inc. (NYSE:URI)

Texas Permanent School Fund reduced its stake in United Rentals, Inc. (NYSE:URI) by 5.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,374 shares of the construction company’s stock after selling 789 shares during the quarter. Texas Permanent School Fund’s holdings in United Rentals were worth $1,792,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. First Interstate Bank bought a new position in United Rentals in the 2nd quarter valued at about $26,000. Prestige Wealth Management Group LLC bought a new position in United Rentals in the 2nd quarter valued at about $27,000. North Star Investment Management Corp. bought a new position in United Rentals in the 3rd quarter valued at about $31,000. Kistler Tiffany Companies LLC raised its holdings in United Rentals by 576.9% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 264 shares of the construction company’s stock valued at $35,000 after acquiring an additional 225 shares during the period. Finally, First Mercantile Trust Co. bought a new position in United Rentals in the 2nd quarter valued at about $46,000. 89.57% of the stock is currently owned by hedge funds and other institutional investors.

In other United Rentals news, Director Filippo Passerini bought 2,000 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were purchased at an average price of $110.37 per share, for a total transaction of $220,740.00. Following the transaction, the director now directly owns 8,783 shares in the company, valued at approximately $969,379.71. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Kneeland sold 22,999 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $151.08, for a total transaction of $3,474,688.92. Following the transaction, the director now owns 181,973 shares in the company, valued at approximately $27,492,480.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,770 shares of company stock worth $4,292,710. Company insiders own 1.00% of the company’s stock.

URI has been the topic of several research analyst reports. Goldman Sachs Group increased their price target on shares of United Rentals from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday. Macquarie set a $99.00 price target on shares of United Rentals and gave the company a “sell” rating in a report on Friday, July 19th. Citigroup reissued a “buy” rating and issued a $160.00 price target on shares of United Rentals in a report on Wednesday, September 11th. Royal Bank of Canada set a $150.00 price target on shares of United Rentals and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Morgan Stanley decreased their target price on shares of United Rentals from $168.00 to $155.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $137.67.

Shares of NYSE:URI opened at $155.32 on Friday. The company’s 50 day moving average price is $128.39 and its two-hundred day moving average price is $124.93. United Rentals, Inc. has a 12-month low of $94.28 and a 12-month high of $155.74. The firm has a market cap of $11.05 billion, a PE ratio of 9.55, a PEG ratio of 0.64 and a beta of 2.68. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 2.93.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 16th. The construction company reported $5.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $5.74 by $0.22. United Rentals had a net margin of 12.45% and a return on equity of 42.89%. The firm had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the prior year, the business posted $4.74 EPS. The business’s revenue was up 17.6% compared to the same quarter last year. On average, research analysts expect that United Rentals, Inc. will post 19.28 EPS for the current year.

United Rentals Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.

Further Reading: Bid-Ask Spread

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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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