State of New Jersey Common Pension Fund D Has $17.14 Million Holdings in United Rentals, Inc. (NYSE:URI)

State of New Jersey Common Pension Fund D lowered its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 1.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 24,333 shares of the construction company's stock after selling 343 shares during the period. State of New Jersey Common Pension Fund D's holdings in United Rentals were worth $17,141,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC increased its position in shares of United Rentals by 3.7% in the 3rd quarter. FMR LLC now owns 2,416,568 shares of the construction company's stock worth $1,956,768,000 after purchasing an additional 85,325 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of United Rentals by 82,462.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company's stock valued at $1,300,962,000 after buying an additional 1,604,715 shares during the period. Geode Capital Management LLC boosted its holdings in shares of United Rentals by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,566,802 shares of the construction company's stock valued at $1,264,326,000 after buying an additional 9,256 shares during the period. Franklin Resources Inc. boosted its holdings in shares of United Rentals by 6.1% in the 3rd quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company's stock valued at $862,110,000 after buying an additional 57,002 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings 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 valued at $637,968,000 after buying an additional 105,287 shares during the period. Institutional investors own 96.26% of the company's stock.

United Rentals Price Performance

Shares of NYSE URI traded down $38.35 during midday trading on Friday, reaching $656.42. The company's stock had a trading volume of 1,067,453 shares, compared to its average volume of 668,090. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The company has a 50 day moving average price of $731.32 and a 200 day moving average price of $769.34. United Rentals, Inc. has a one year low of $596.48 and a one year high of $896.98. The company has a market cap of $42.87 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 1.46 and a beta of 1.68.

United Rentals (NYSE:URI - Get Free Report) last released its 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 return on equity of 34.21% and a net margin of 16.78%. On average, equities research analysts expect that United Rentals, Inc. will post 44.93 EPS for the current year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be issued a $1.79 dividend. This is an increase from United Rentals's previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, February 12th. United Rentals's payout ratio is presently 18.48%.

Wall Street Analyst Weigh In

Several research firms have recently commented on URI. Evercore ISI decreased their price target on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating for the company in a report on Wednesday. Baird R W raised shares of United Rentals from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 14th. Truist Financial reissued a "buy" rating and set a $956.00 target price (down from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Argus boosted their target price on shares of United Rentals from $840.00 to $880.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Finally, Bank of America boosted their target price on shares of United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, United Rentals currently has an average rating of "Moderate Buy" and a consensus target price of $829.00.

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.