United Rentals, Inc. $URI Stock Position Lowered by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp trimmed its position in shares of United Rentals, Inc. (NYSE:URI) by 46.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 4,567 shares of the construction company’s stock after selling 3,899 shares during the quarter. Texas Permanent School Fund Corp’s holdings in United Rentals were worth $3,441,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Caldwell Trust Co purchased a new position in shares of United Rentals during the second quarter valued at $2,027,000. Valeo Financial Advisors LLC lifted its stake in United Rentals by 25.3% in the 2nd quarter. Valeo Financial Advisors LLC now owns 930 shares of the construction company’s stock worth $701,000 after acquiring an additional 188 shares in the last quarter. Osaic Holdings Inc. boosted its position in United Rentals by 3.3% during the 2nd quarter. Osaic Holdings Inc. now owns 16,176 shares of the construction company’s stock worth $12,190,000 after acquiring an additional 524 shares during the period. American Trust grew its stake in United Rentals by 8.1% during the 2nd quarter. American Trust now owns 1,343 shares of the construction company’s stock valued at $1,012,000 after acquiring an additional 101 shares in the last quarter. Finally, Centaurus Financial Inc. acquired a new position in shares of United Rentals in the 2nd quarter valued at about $139,000. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Up 1.4%

United Rentals stock opened at $811.98 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47. The firm’s fifty day simple moving average is $856.10 and its 200-day simple moving average is $859.02. The company has a market capitalization of $51.67 billion, a P/E ratio of 20.88, a P/E/G ratio of 1.82 and a beta of 1.68.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 22nd. The construction company reported $11.70 EPS for the quarter, missing the consensus estimate of $12.43 by ($0.73). United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same period in the previous year, the company earned $11.80 earnings per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. Sell-side analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, November 12th. United Rentals’s dividend payout ratio (DPR) is presently 18.42%.

Analysts Set New Price Targets

Several research firms recently commented on URI. UBS Group restated a “neutral” rating and set a $1,025.00 price target on shares of United Rentals in a report on Tuesday, October 28th. Truist Financial decreased their target price on shares of United Rentals from $1,169.00 to $1,045.00 and set a “buy” rating for the company in a research note on Thursday. Citigroup dropped their price target on shares of United Rentals from $1,140.00 to $950.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Sanford C. Bernstein set a $1,128.00 price objective on United Rentals and gave the stock an “outperform” rating in a report on Tuesday, September 23rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of United Rentals in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, United Rentals has a consensus rating of “Moderate Buy” and a consensus target price of $954.83.

United Rentals Company 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.