California State Teachers Retirement System trimmed its position in shares of United Rentals, Inc. (NYSE:URI) by 7.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 142,981 shares of the construction company’s stock after selling 12,034 shares during the period. California State Teachers Retirement System owned about 0.17% of United Rentals worth $19,837,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in URI. Profund Advisors LLC boosted its holdings in shares of United Rentals by 1.1% in the second quarter. Profund Advisors LLC now owns 2,256 shares of the construction company’s stock valued at $254,000 after acquiring an additional 24 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of United Rentals by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,279 shares of the construction company’s stock valued at $708,000 after acquiring an additional 25 shares during the period. Bank of Hawaii boosted its holdings in shares of United Rentals by 0.3% in the second quarter. Bank of Hawaii now owns 11,330 shares of the construction company’s stock valued at $1,277,000 after acquiring an additional 30 shares during the period. Stifel Financial Corp boosted its holdings in shares of United Rentals by 0.4% in the second quarter. Stifel Financial Corp now owns 14,679 shares of the construction company’s stock valued at $1,656,000 after acquiring an additional 64 shares during the period. Finally, Kalos Management Inc. boosted its holdings in shares of United Rentals by 2.4% in the second quarter. Kalos Management Inc. now owns 4,610 shares of the construction company’s stock valued at $519,000 after acquiring an additional 108 shares during the period. Hedge funds and other institutional investors own 91.37% of the company’s stock.

In other news, Director Filippo Passerini sold 3,308 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $143.24, for a total value of $473,837.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $144.72, for a total value of $4,341,600.00. Following the completion of the transaction, the insider now owns 272,292 shares of the company’s stock, valued at approximately $39,406,098.24. The disclosure for this sale can be found here. Insiders sold 91,760 shares of company stock valued at $13,873,111 in the last quarter. 1.20% of the stock is currently owned by company insiders.

URI has been the subject of several research analyst reports. Jefferies Group reissued a “buy” rating and issued a $150.00 price objective on shares of United Rentals in a report on Thursday, September 21st. Zacks Investment Research raised United Rentals from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Wednesday, September 20th. Stifel Nicolaus increased their price objective on United Rentals from $133.00 to $158.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Citigroup increased their price objective on United Rentals from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 13th. Finally, Bank of America set a $165.00 price target on United Rentals and gave the stock a “buy” rating in a research note on Thursday, October 19th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $154.18.

United Rentals, Inc. (URI) opened at $166.38 on Wednesday. The stock has a market capitalization of $14,256.74, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 0.86 and a beta of 2.67. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.92 and a quick ratio of 0.88. United Rentals, Inc. has a 52-week low of $100.62 and a 52-week high of $170.33.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 18th. The construction company reported $3.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.98 by $0.27. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.72 billion. United Rentals had a return on equity of 44.81% and a net margin of 9.64%. United Rentals’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.58 earnings per share. equities analysts expect that United Rentals, Inc. will post 10.56 EPS for the current fiscal year.

United Rentals declared that its Board of Directors has authorized a share repurchase plan on Wednesday, October 18th that permits the company to repurchase $373.00 million in shares. This repurchase authorization permits the construction company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

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United Rentals Company Profile

United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.

Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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