United Rentals, Inc. (NYSE:URI) Position Reduced by New York State Teachers Retirement System

New York State Teachers Retirement System cut its position in shares of United Rentals, Inc. (NYSE:URI) by 6.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,053 shares of the construction company’s stock after selling 4,607 shares during the quarter. New York State Teachers Retirement System owned 0.09% of United Rentals worth $43,713,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of URI. CX Institutional boosted its holdings in shares of United Rentals by 3.2% during the third quarter. CX Institutional now owns 515 shares of the construction company’s stock worth $417,000 after purchasing an additional 16 shares during the period. Creative Planning boosted its holdings in shares of United Rentals by 7.9% during the third quarter. Creative Planning now owns 13,046 shares of the construction company’s stock worth $10,563,000 after purchasing an additional 959 shares during the period. Vontobel Holding Ltd. boosted its holdings in shares of United Rentals by 65.7% during the third quarter. Vontobel Holding Ltd. now owns 4,919 shares of the construction company’s stock worth $3,983,000 after purchasing an additional 1,950 shares during the period. Trust Co. of Vermont boosted its holdings in shares of United Rentals by 6,000.0% during the third quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock worth $49,000 after purchasing an additional 60 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of United Rentals by 5.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,217 shares of the construction company’s stock worth $5,844,000 after purchasing an additional 382 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on URI. Barclays raised their price target on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Morgan Stanley decreased their price target on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price for the company in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lifted their target price on shares of United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $814.08.

United Rentals Trading Up 1.6 %

NYSE:URI opened at $741.10 on Friday. United Rentals, Inc. has a 12 month low of $596.48 and a 12 month high of $896.98. The firm has a market cap of $48.40 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 1.54 and a beta of 1.68. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The company’s 50 day moving average is $740.77 and its 200-day moving average is $769.54.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. Equities analysts anticipate that United Rentals, Inc. will post 44.93 EPS for the current year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a dividend of $1.79 per share. The ex-dividend date is Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a yield of 0.97%. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s payout ratio is 16.83%.

United Rentals 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.