Teachers Retirement System of The State of Kentucky Sells 12,937 Shares of United Rentals, Inc. (NYSE:URI)

Teachers Retirement System of The State of Kentucky reduced its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 101,578 shares of the construction company's stock after selling 12,937 shares during the quarter. United Rentals comprises 0.6% of Teachers Retirement System of The State of Kentucky's holdings, making the stock its 19th largest position. Teachers Retirement System of The State of Kentucky owned 0.16% of United Rentals worth $71,555,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of URI. Norges Bank bought a new position in shares of United Rentals during the fourth quarter worth approximately $695,716,000. Capital World Investors grew its position in United Rentals by 17.1% during the fourth quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock worth $1,564,722,000 after buying an additional 323,636 shares in the last quarter. Capital International Investors increased its stake in United Rentals by 41.0% during the 4th quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock worth $740,624,000 after acquiring an additional 305,491 shares during the period. Marshall Wace LLP raised its holdings in United Rentals by 105.6% in the 4th quarter. Marshall Wace LLP now owns 546,165 shares of the construction company's stock valued at $384,740,000 after acquiring an additional 280,502 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of United Rentals during the 4th quarter valued at $171,733,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Trading Down 2.2 %

NYSE:URI traded down $14.30 during trading hours on Friday, hitting $633.06. 490,685 shares of the company were exchanged, compared to its average volume of 592,728. The stock has a market capitalization of $41.36 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 1.43 and a beta of 1.72. United Rentals, Inc. has a one year low of $525.91 and a one year high of $896.98. The company has a fifty day simple moving average of $617.66 and a 200 day simple moving average of $728.14. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.61 billion. Sell-side analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be given a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Wednesday, May 14th. United Rentals's dividend payout ratio (DPR) is presently 18.54%.

Insider Activity

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

Analyst Upgrades and Downgrades

URI has been the topic of a number of analyst reports. Evercore ISI reduced their price objective on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Sanford C. Bernstein raised shares of United Rentals from an "underperform" rating to a "market perform" rating and decreased their price objective for the company from $705.00 to $666.00 in a research note on Tuesday, March 25th. Robert W. Baird upped their target price on United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a research note on Friday. Citigroup decreased their price target on United Rentals from $720.00 to $650.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Truist Financial upped their price objective on United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $727.43.

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.