United Rentals, Inc. $URI Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio grew its position in shares of United Rentals, Inc. (NYSE:URI) by 442.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 143,855 shares of the construction company’s stock after purchasing an additional 117,320 shares during the period. Public Employees Retirement System of Ohio’s holdings in United Rentals were worth $10,711,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in URI. MASTERINVEST Kapitalanlage GmbH purchased a new position in United Rentals in the 2nd quarter valued at about $2,119,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in United Rentals during the 2nd quarter valued at approximately $1,830,000. Proficio Capital Partners LLC purchased a new stake in United Rentals during the 2nd quarter worth approximately $393,000. Pure Financial Advisors LLC acquired a new position in shares of United Rentals in the 2nd quarter valued at approximately $408,000. Finally, Transamerica Financial Advisors LLC purchased a new position in shares of United Rentals during the 2nd quarter valued at approximately $169,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at United Rentals

In other news, EVP William E. Grace sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the completion of the transaction, the executive vice president directly owned 6,062 shares in the company, valued at approximately $6,869,155.30. The trade was a 19.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.47% of the company’s stock.

United Rentals Stock Performance

Shares of URI opened at $1,039.25 on Tuesday. The firm has a fifty day moving average of $1,096.24 and a 200-day moving average of $958.89. The company has a market cap of $64.68 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 1.33 and a beta of 1.80. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.70 and a current ratio of 0.76. United Rentals, Inc. has a 1 year low of $701.59 and a 1 year high of $1,179.18.

United Rentals (NYSE:URI) last released its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, topping analysts’ consensus estimates of $11.53 by $1.23. The business had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.22 billion. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $10.47 EPS. As a group, equities analysts anticipate that United Rentals, Inc. will post 48.55 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th were issued a dividend of $1.97 per share. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 12th. United Rentals’s payout ratio is 18.92%.

Wall Street Analysts Forecast Growth

URI has been the topic of a number of research analyst reports. Morgan Stanley set a $1,335.00 price objective on shares of United Rentals and gave the company an “overweight” rating in a research note on Friday, July 24th. Truist Financial upped their price objective on United Rentals from $1,421.00 to $1,466.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Argus reiterated a “buy” rating and issued a $1,250.00 target price on shares of United Rentals in a research report on Tuesday, August 4th. Wells Fargo & Company upped their price target on United Rentals from $1,245.00 to $1,355.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Finally, Zacks Research upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,246.19.

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.