BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $61.48 Million Holdings in United Rentals, Inc. (NYSE:URI)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of United Rentals, Inc. (NYSE:URI) by 17.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,058 shares of the construction company’s stock after buying an additional 13,863 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in United Rentals were worth $61,477,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of URI. Ameritas Advisory Services LLC lifted its position in shares of United Rentals by 3.8% during the 2nd quarter. Ameritas Advisory Services LLC now owns 378 shares of the construction company’s stock valued at $244,000 after acquiring an additional 14 shares during the period. Duncker Streett & Co. Inc. increased its stake in United Rentals by 0.3% in the second quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company’s stock valued at $3,461,000 after purchasing an additional 14 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in shares of United Rentals by 3.7% during the first quarter. Concurrent Investment Advisors LLC now owns 418 shares of the construction company’s stock valued at $301,000 after purchasing an additional 15 shares during the period. Commerzbank Aktiengesellschaft FI boosted its position in shares of United Rentals by 4.7% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 357 shares of the construction company’s stock worth $231,000 after purchasing an additional 16 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its stake in shares of United Rentals by 0.4% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 3,841 shares of the construction company’s stock valued at $2,484,000 after buying an additional 17 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on URI. JPMorgan Chase & Co. upped their price target on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research note on Monday. Raymond James initiated coverage on United Rentals in a report on Friday, June 28th. They issued an “outperform” rating and a $750.00 target price on the stock. Citigroup assumed coverage on shares of United Rentals in a report on Wednesday, June 26th. They set a “buy” rating and a $745.00 price objective on the stock. Evercore ISI lifted their price objective on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Finally, Truist Financial upped their target price on shares of United Rentals from $785.00 to $873.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, United Rentals currently has an average rating of “Hold” and an average target price of $687.46.

United Rentals Stock Performance

NYSE URI opened at $798.95 on Tuesday. The company has a market capitalization of $53.20 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 1.72 and a beta of 1.68. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 0.81. United Rentals, Inc. has a 52-week low of $387.01 and a 52-week high of $803.48. The company has a 50-day simple moving average of $724.10 and a 200 day simple moving average of $688.13.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 EPS for the quarter, topping analysts’ consensus estimates of $10.48 by $0.22. The company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.77 billion. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. United Rentals’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.88 EPS. On average, research analysts predict that United Rentals, Inc. will post 44.39 EPS for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Wednesday, August 14th. United Rentals’s payout ratio is currently 17.66%.

Insider Buying and Selling at United Rentals

In other news, SVP Joli L. Gross sold 360 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following the completion of the transaction, the senior vice president now directly owns 4,090 shares in the company, valued at $2,822,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.53% of the company’s stock.

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.