Ontario Teachers Pension Plan Board Has $2.02 Million Stock Position in United Rentals, Inc. (NYSE:URI)

Ontario Teachers Pension Plan Board raised its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 25.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,873 shares of the construction company's stock after acquiring an additional 584 shares during the period. Ontario Teachers Pension Plan Board's holdings in United Rentals were worth $2,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GHP Investment Advisors Inc. lifted its stake in shares of United Rentals by 6.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 14,855 shares of the construction company's stock valued at $10,464,000 after purchasing an additional 877 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of United Rentals by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company's stock valued at $313,627,000 after buying an additional 6,787 shares during the period. Fiduciary Alliance LLC lifted its stake in shares of United Rentals by 196.5% during the 4th quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company's stock worth $1,000,000 after acquiring an additional 941 shares during the last quarter. Blueshift Asset Management LLC bought a new position in United Rentals in the 4th quarter valued at $649,000. Finally, Nordea Investment Management AB grew its stake in United Rentals by 7.6% in the 4th quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company's stock worth $517,018,000 after acquiring an additional 52,037 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Up 1.0 %

Shares of URI stock traded up $5.57 on Friday, reaching $590.80. 367,847 shares of the company's stock traded hands, compared to its average volume of 588,088. The business's 50 day moving average price is $632.19 and its two-hundred day moving average price is $735.11. The company has a market capitalization of $38.60 billion, a P/E ratio of 15.25, a price-to-earnings-growth ratio of 1.43 and a beta of 1.72. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data 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%. On average, equities analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $1.79 dividend. This is a positive change from United Rentals's previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a yield of 1.21%. The ex-dividend date was Wednesday, February 12th. United Rentals's payout ratio is 18.48%.

Wall Street Analyst Weigh In

Several research firms have commented on URI. Morgan Stanley raised shares of United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price target for the company in a research report on Wednesday. JPMorgan Chase & Co. lowered their target price on United Rentals from $1,000.00 to $750.00 and set an "overweight" rating on the stock in a research note on Monday. Robert W. Baird upgraded United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 target price on the stock in a research report on Tuesday, January 14th. UBS Group cut United Rentals from a "buy" rating to a "sell" rating and lowered their price objective for the stock from $910.00 to $485.00 in a report on Monday, April 7th. Finally, Sanford C. Bernstein upgraded shares of United Rentals from an "underperform" rating to a "market perform" rating and cut their price objective for the company from $705.00 to $666.00 in a report on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, United Rentals presently has a consensus rating of "Moderate Buy" and an average target price of $729.79.

Insider Transactions at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the firm's stock in a transaction 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 sale, the chief financial officer now directly owns 6,880 shares in the company, valued at $4,390,128. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.53% of the stock is owned by corporate insiders.

About United Rentals

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.