United Rentals, Inc. (NYSE:URI) Shares Acquired by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina grew its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,837 shares of the construction company's stock after buying an additional 823 shares during the period. Treasurer of the State of North Carolina owned 0.06% of United Rentals worth $26,654,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in URI. F M Investments LLC boosted its position in United Rentals by 7.3% during the 4th quarter. F M Investments LLC now owns 9,994 shares of the construction company's stock valued at $7,040,000 after acquiring an additional 680 shares in the last quarter. CenterBook Partners LP purchased a new position in United Rentals during the fourth quarter valued at $3,767,000. APG Asset Management N.V. increased its holdings in shares of United Rentals by 339.6% in the 4th quarter. APG Asset Management N.V. now owns 42,857 shares of the construction company's stock worth $29,155,000 after buying an additional 33,107 shares during the last quarter. Muhlenkamp & Co. Inc. boosted its stake in shares of United Rentals by 0.3% during the 4th quarter. Muhlenkamp & Co. Inc. now owns 15,375 shares of the construction company's stock worth $10,830,000 after purchasing an additional 39 shares during the period. Finally, Advisory Services Network LLC increased its stake in United Rentals by 1.3% in the 4th quarter. Advisory Services Network LLC now owns 8,732 shares of the construction company's stock worth $6,151,000 after buying an additional 109 shares during the period. Institutional investors own 96.26% of the company's stock.

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United Rentals Trading Down 0.4 %

URI traded down $2.45 during trading on Wednesday, hitting $594.73. The company's stock had a trading volume of 163,997 shares, compared to its average volume of 588,611. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $896.98. The firm has a market capitalization of $38.85 billion, a P/E ratio of 15.35, a PEG ratio of 1.43 and a beta of 1.72. The stock's fifty day moving average price is $638.42 and its 200-day moving average price is $737.67. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly 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 net margin of 16.78% and a return on equity of 34.21%. Analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $1.79 per share. This is a boost from United Rentals's previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a yield of 1.20%. United Rentals's payout ratio is presently 18.48%.

Wall Street Analysts Forecast Growth

URI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target 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 raised shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price target for the company in a research note on Tuesday, January 14th. UBS Group downgraded 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 research report on Monday, April 7th. 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 research note on Wednesday, February 19th. Finally, Sanford C. Bernstein upgraded shares of United Rentals from an "underperform" rating to a "market perform" rating and decreased their price objective for the stock from $705.00 to $666.00 in a research report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $729.79.

Insider Buying and Selling at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the sale, the chief financial officer now owns 6,880 shares of the company's stock, valued at approximately $4,390,128. This trade represents a 13.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.53% of the company's stock.

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.