Teachers Retirement System of The State of Kentucky Has $92.73 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

Teachers Retirement System of The State of Kentucky lowered its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 0.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,515 shares of the construction company's stock after selling 894 shares during the quarter. United Rentals comprises approximately 0.8% of Teachers Retirement System of The State of Kentucky's investment portfolio, making the stock its 11th biggest position. Teachers Retirement System of The State of Kentucky owned about 0.17% of United Rentals worth $92,726,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. RFP Financial Group LLC lifted its holdings in shares of United Rentals by 115.8% during the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company's stock worth $27,000 after acquiring an additional 22 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new position in United Rentals during the third quarter valued at approximately $31,000. Carmichael Hill & Associates Inc. lifted its stake in United Rentals by 80.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock worth $36,000 after purchasing an additional 20 shares during the last quarter. HHM Wealth Advisors LLC boosted its holdings in shares of United Rentals by 280.0% in the 2nd quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company's stock valued at $37,000 after purchasing an additional 42 shares in the last quarter. Finally, HM Payson & Co. bought a new position in shares of United Rentals in the 3rd quarter valued at $41,000. Institutional investors own 96.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on URI. Citigroup lifted their target price on United Rentals from $955.00 to $985.00 and gave the company a "buy" rating in a research report on Monday. Bank of America lifted their price target on shares of United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Truist Financial increased their price objective on shares of United Rentals from $954.00 to $955.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Robert W. Baird raised their target price on shares of United Rentals from $565.00 to $650.00 and gave the company an "underperform" rating in a research report on Thursday, October 3rd. Finally, Barclays upped 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. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, United Rentals presently has a consensus rating of "Hold" and a consensus target price of $770.00.

Insiders Place Their Bets

In other news, SVP Anthony S. Leopold sold 900 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the sale, the senior vice president now owns 2,044 shares of the company's stock, valued at $1,682,702.56. This trade represents a 30.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.53% of the company's stock.

United Rentals Trading Up 0.1 %

Shares of URI stock traded up $0.95 on Wednesday, hitting $796.97. The company had a trading volume of 555,709 shares, compared to its average volume of 544,739. United Rentals, Inc. has a twelve month low of $503.23 and a twelve month high of $896.98. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. The firm has a market cap of $52.30 billion, a P/E ratio of 20.79, a P/E/G ratio of 2.01 and a beta of 1.66. The stock's 50-day moving average is $834.54 and its two-hundred day moving average is $746.30.

United Rentals (NYSE:URI - Get Free Report) last released its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing analysts' consensus estimates of $12.49 by ($0.69). The firm had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The business's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $11.73 EPS. On average, equities research analysts anticipate that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $1.63 per share. The ex-dividend date was Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a yield of 0.82%. United Rentals's dividend payout ratio (DPR) is currently 17.03%.

United Rentals Company 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.