United Rentals, Inc. $URI Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its position in United Rentals, Inc. (NYSE:URI) by 2.6% in the first quarter, Holdings Channel reports. The institutional investor owned 57,462 shares of the construction company’s stock after selling 1,560 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in United Rentals were worth $41,865,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the business. Aventura Private Wealth LLC acquired a new position in United Rentals in the 4th quarter worth about $27,000. Core Wealth Advisors LLC acquired a new position in shares of United Rentals during the 4th quarter worth approximately $28,000. MV Capital Management Inc. acquired a new stake in United Rentals in the 4th quarter valued at $28,000. Board of the Pension Protection Fund purchased a new stake in United Rentals in the 4th quarter worth $32,000. Finally, Laurel Wealth Advisors LLC acquired a new position in United Rentals during the fourth quarter worth $32,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Joli L. Gross sold 306 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $954.99, for a total value of $292,226.94. Following the transaction, the senior vice president directly owned 5,738 shares in the company, valued at approximately $5,479,732.62. This represents a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Matthew John Flannery sold 22,768 shares of the stock in a transaction that occurred 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 owned 99,980 shares of the company’s stock, valued at $98,478,300.40. The trade was a 18.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 26,088 shares of company stock worth $25,628,877 in the last 90 days. 0.47% of the stock is owned by corporate insiders.

Analyst Ratings Changes

URI has been the topic of several research analyst reports. Weiss Ratings lowered shares of United Rentals from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Royal Bank Of Canada lifted their price objective on United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Sanford C. Bernstein set a $903.00 target price on United Rentals and gave the company an “outperform” rating in a report on Thursday, April 9th. Bank of America raised their target price on United Rentals from $1,020.00 to $1,195.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Finally, Barclays boosted their price target on United Rentals from $600.00 to $715.00 and gave the stock an “underweight” rating in a research report on Friday, April 24th. Fourteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,124.69.

United Rentals Stock Performance

NYSE URI opened at $1,096.69 on Monday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80. The stock’s fifty day moving average is $1,029.74 and its two-hundred day moving average is $902.60. The firm has a market capitalization of $68.70 billion, a P/E ratio of 27.98, a price-to-earnings-growth ratio of 1.75 and a beta of 1.79. United Rentals, Inc. has a fifty-two week low of $701.59 and a fifty-two week high of $1,143.69.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing the consensus estimate of $11.47 by ($1.76). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The company had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter in the prior year, the firm earned $8.86 EPS. The firm’s revenue was up 7.2% on a year-over-year basis. On average, research analysts anticipate that United Rentals, Inc. will post 46.7 earnings per share for the current year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were issued a dividend of $1.97 per share. The ex-dividend date was Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. United Rentals’s dividend payout ratio (DPR) is currently 20.10%.

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.