Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $9.83 Million Stock Position in United Rentals, Inc. (NYSE:URI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,953 shares of the construction company's stock after selling 543 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in United Rentals were worth $9,829,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in URI. Proficio Capital Partners LLC acquired a new position in United Rentals in the fourth quarter worth $171,733,000. Raymond James Financial Inc. bought a new position in shares of United Rentals in the 4th quarter worth about $164,493,000. JPMorgan Chase & Co. lifted its position in shares of United Rentals by 15.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company's stock worth $637,968,000 after buying an additional 105,287 shares during the last quarter. FMR LLC grew its position in shares of United Rentals by 3.7% during the 3rd quarter. FMR LLC now owns 2,416,568 shares of the construction company's stock valued at $1,956,768,000 after buying an additional 85,325 shares during the last quarter. Finally, National Pension Service grew its position in shares of United Rentals by 79.8% during the 4th quarter. National Pension Service now owns 167,813 shares of the construction company's stock valued at $118,214,000 after buying an additional 74,479 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

Analyst Ratings Changes

URI has been the subject of a number of research reports. Citigroup decreased their target price on United Rentals from $985.00 to $835.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Robert W. Baird upgraded United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price objective for the company in a research report on Tuesday, January 14th. Evercore ISI dropped their target price on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Truist Financial reissued a "buy" rating and set a $956.00 price target (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. Finally, Baird R W upgraded shares of United Rentals from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $804.15.

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United Rentals Price Performance

Shares of United Rentals stock traded up $6.63 on Tuesday, hitting $653.71. The company had a trading volume of 693,836 shares, compared to its average volume of 548,764. United Rentals, Inc. has a 52 week low of $585.27 and a 52 week high of $896.98. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The company has a market cap of $42.69 billion, a PE ratio of 16.87, a PEG ratio of 1.43 and a beta of 1.76. The business has a 50-day simple moving average of $694.07 and a 200-day simple moving average of $756.62.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (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%. Research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a dividend of $1.79 per share. This is a positive change from United Rentals's previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Wednesday, February 12th. United Rentals's payout ratio is presently 18.48%.

Insiders Place Their Bets

In other United Rentals news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the transaction, the chief financial officer now owns 6,880 shares in the company, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is owned by company insiders.

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.