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

Texas Permanent School Fund Corp lowered its holdings in United Rentals, Inc. (NYSE:URI) by 46.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,567 shares of the construction company’s stock after selling 3,899 shares during the period. Texas Permanent School Fund Corp’s holdings in United Rentals were worth $3,441,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Loomis Sayles & Co. L P bought a new stake in shares of United Rentals in the 2nd quarter worth approximately $28,000. Flaharty Asset Management LLC bought a new position in United Rentals during the 1st quarter worth $30,000. Maseco LLP acquired a new stake in United Rentals in the second quarter worth $32,000. Trust Co. of Toledo NA OH bought a new stake in United Rentals in the second quarter valued at $38,000. Finally, Hantz Financial Services Inc. lifted its stake in United Rentals by 103.7% in the second quarter. Hantz Financial Services Inc. now owns 55 shares of the construction company’s stock valued at $42,000 after buying an additional 28 shares during the last quarter. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Up 1.4%

NYSE URI opened at $811.98 on Friday. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $1,021.47. The company has a market capitalization of $51.67 billion, a P/E ratio of 20.88, a PEG ratio of 1.82 and a beta of 1.68. The company’s 50 day simple moving average is $856.10 and its 200 day simple moving average is $859.02. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84.

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

United Rentals Announces Dividend

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

Analyst Ratings Changes

Several research firms have 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 research report on Tuesday, October 28th. Robert W. Baird upgraded shares of United Rentals from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $888.00 to $1,050.00 in a research report on Wednesday, October 1st. Truist Financial cut their price target on United Rentals from $1,169.00 to $1,045.00 and set a “buy” rating on the stock in a report on Thursday. Royal Bank Of Canada set a $1,123.00 price objective on United Rentals in a report on Friday, October 24th. Finally, Citigroup lowered their target price on United Rentals from $1,140.00 to $950.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $954.83.

About United Rentals

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.