Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $11.98 Million Stake in United Rentals, Inc. $URI

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its holdings in United Rentals, Inc. (NYSE:URI) by 4.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 14,801 shares of the construction company’s stock after selling 650 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in United Rentals were worth $11,979,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Capital International Investors increased its holdings in shares of United Rentals by 22.8% in the 3rd quarter. Capital International Investors now owns 3,402,524 shares of the construction company’s stock valued at $3,247,762,000 after purchasing an additional 631,484 shares during the period. Capital World Investors increased its holdings in United Rentals by 6.7% in the third quarter. Capital World Investors now owns 2,678,614 shares of the construction company’s stock worth $2,557,158,000 after buying an additional 168,685 shares during the last quarter. Franklin Resources Inc. increased its holdings in United Rentals by 6.8% in the third quarter. Franklin Resources Inc. now owns 1,315,086 shares of the construction company’s stock worth $1,255,460,000 after buying an additional 83,978 shares during the last quarter. Norges Bank acquired a new position in United Rentals in the fourth quarter worth approximately $978,017,000. Finally, Alliancebernstein L.P. increased its holdings in United Rentals by 5.6% in the third quarter. Alliancebernstein L.P. now owns 1,088,209 shares of the construction company’s stock worth $1,038,870,000 after buying an additional 57,977 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analyst Ratings Changes

URI has been the topic of a number of research reports. Robert W. Baird increased their price objective on United Rentals from $970.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Citigroup increased their price objective on United Rentals from $950.00 to $1,130.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Truist Financial set a $1,209.00 price objective on United Rentals in a report on Friday, April 24th. Morgan Stanley restated an “overweight” rating and issued a $1,030.00 price objective on shares of United Rentals in a report on Friday, April 24th. Finally, Evercore restated an “outperform” rating and issued a $1,101.00 price objective on shares of United Rentals in a report on Monday, May 11th. Twelve equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,006.13.

Insider Transactions at United Rentals

In related news, CEO Matthew John Flannery sold 22,768 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $984.98, for a total value of $22,426,024.64. Following the completion of the transaction, the chief executive officer directly owned 99,980 shares of the company’s stock, valued at $98,478,300.40. This trade represents a 18.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Andrew B. Limoges sold 548 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $977.86, for a total value of $535,867.28. Following the completion of the transaction, the vice president directly owned 1,865 shares of the company’s stock, valued at approximately $1,823,708.90. This trade represents a 22.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 26,088 shares of company stock valued at $25,628,877 in the last ninety days. 0.47% of the stock is owned by company insiders.

United Rentals Stock Up 0.2%

URI opened at $998.03 on Tuesday. United Rentals, Inc. has a 1-year low of $681.98 and a 1-year high of $1,021.47. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $62.53 billion, a price-to-earnings ratio of 25.46, a P/E/G ratio of 1.58 and a beta of 1.81. The business has a 50 day moving average of $860.45 and a 200-day moving average of $846.62.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing the consensus estimate of $11.47 by ($1.76). United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the prior year, the company posted $8.86 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 47.07 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a $1.97 dividend. This represents a $7.88 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, May 13th. United Rentals’s dividend payout ratio (DPR) is 20.10%.

United Rentals Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.