Public Sector Pension Investment Board Boosts Stock Position in United Rentals, Inc. (NYSE:URI)

Public Sector Pension Investment Board boosted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 77.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,525 shares of the construction company’s stock after purchasing an additional 1,104 shares during the quarter. Public Sector Pension Investment Board’s holdings in United Rentals were worth $1,633,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Duncker Streett & Co. Inc. lifted its holdings in shares of United Rentals by 0.3% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company’s stock valued at $3,461,000 after acquiring an additional 14 shares during the last quarter. Ameritas Advisory Services LLC raised its position in United Rentals by 3.8% during the second quarter. Ameritas Advisory Services LLC now owns 378 shares of the construction company’s stock valued at $244,000 after purchasing an additional 14 shares during the period. Concurrent Investment Advisors LLC lifted its stake in shares of United Rentals by 3.7% in the 1st 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 last quarter. Commerzbank Aktiengesellschaft FI boosted its holdings in shares of United Rentals by 4.7% in 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 during the period. Finally, U.S. Capital Wealth Advisors LLC increased its position in shares of United Rentals by 0.4% during 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 purchasing an additional 17 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

Insider Activity

In other news, SVP Joli L. Gross sold 360 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total transaction of $248,400.00. Following 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 legal filing with the SEC, which is available through the SEC website. Insiders own 0.53% of the company’s stock.

United Rentals Stock Down 0.5 %

Shares of United Rentals stock opened at $809.73 on Tuesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76. The stock has a market cap of $53.56 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 1.89 and a beta of 1.68. The firm’s 50-day moving average is $731.69 and its two-hundred day moving average is $692.88. United Rentals, Inc. has a 1 year low of $387.01 and a 1 year high of $826.24.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.48 by $0.22. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same period last year, the firm earned $9.88 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, research analysts expect that United Rentals, Inc. will post 44.39 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.81%. United Rentals’s dividend payout ratio is presently 17.66%.

Analyst Upgrades and Downgrades

Several research analysts have commented on URI shares. JPMorgan Chase & Co. lifted their price objective on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Raymond James started coverage on shares of United Rentals in a research report on Friday, June 28th. They issued an “outperform” rating and a $750.00 price objective on the stock. Evercore ISI raised their price objective on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Truist Financial upped their target price on United Rentals from $785.00 to $873.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, The Goldman Sachs Group raised their price target on United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $687.46.

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.