United Rentals, Inc. (NYSE:URI) Stock Holdings Trimmed by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 6.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 62,053 shares of the construction company's stock after selling 4,607 shares during the period. New York State Teachers Retirement System owned 0.09% of United Rentals worth $43,713,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. ORG Wealth Partners LLC purchased a new position in United Rentals in the fourth quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of United Rentals during the 3rd quarter worth approximately $31,000. Carmichael Hill & Associates Inc. raised its stake in United Rentals by 80.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock valued at $36,000 after buying an additional 20 shares during the last quarter. Hanson & Doremus Investment Management purchased a new position in shares of United Rentals in the fourth quarter worth $33,000. Finally, HM Payson & Co. purchased a new position in shares of United Rentals in the third quarter worth about $41,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on URI. Morgan Stanley cut their price target on United Rentals from $775.00 to $765.00 and set an "equal weight" rating for the company in a research note on Monday, February 3rd. Evercore ISI dropped 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 report on Wednesday. Bank of America boosted their price target on shares of United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. boosted their target price on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Finally, Truist Financial reissued a "buy" rating and issued a $956.00 target price (down from $963.00) on shares of United Rentals in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, United Rentals has a consensus rating of "Moderate Buy" and an average target price of $829.00.

United Rentals Price Performance

Shares of United Rentals stock traded down $11.93 during trading on Wednesday, hitting $708.42. 637,402 shares of the company were exchanged, compared to its average volume of 660,600. The firm has a 50 day moving average price of $735.61 and a 200 day moving average price of $769.95. United Rentals, Inc. has a fifty-two week low of $596.48 and a fifty-two week high of $896.98. The stock has a market capitalization of $46.27 billion, a price-to-earnings ratio of 18.28, a P/E/G ratio of 1.52 and a beta of 1.68. 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 issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing the consensus estimate 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 analysts expect that United Rentals, Inc. will post 44.93 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a $1.79 dividend. This is an increase from United Rentals's previous quarterly dividend of $1.63. The ex-dividend date is Wednesday, February 12th. This represents a $7.16 annualized dividend and a yield of 1.01%. United Rentals's dividend payout ratio (DPR) is 18.48%.

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.