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

Public Employees Retirement System of Ohio raised its position in United Rentals, Inc. (NYSE:URI) by 442.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund 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 owned about 0.23% of United Rentals worth $10,711,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of United Rentals in the second quarter valued at $5,816,326,000. Norges Bank acquired a new position in United Rentals in the 4th quarter valued at about $978,017,000. Bank of America Corp DE acquired a new position in United Rentals in the 2nd quarter valued at about $944,196,000. The Manufacturers Life Insurance Company purchased a new position in United Rentals in the 2nd quarter valued at about $716,129,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of United Rentals during the 2nd quarter worth about $412,860,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insider Activity

In other news, EVP William E. Grace sold 1,500 shares of the stock in a transaction on Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the completion of the sale, the executive vice president owned 6,062 shares of the company’s stock, valued at $6,869,155.30. This represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on URI. Wall Street Zen raised shares of United Rentals from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. KeyCorp reaffirmed an “overweight” rating and issued a $1,350.00 target price on shares of United Rentals in a research note on Friday, July 24th. Citigroup boosted their price target on United Rentals from $1,270.00 to $1,330.00 and gave the company a “buy” rating in a report on Friday, July 24th. BNP Paribas Exane raised United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 price target on the stock in a research note on Monday, June 29th. Finally, Morgan Stanley set a $1,335.00 price objective on United Rentals and gave the stock an “overweight” rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, United Rentals has an average rating of “Moderate Buy” and an average price target of $1,246.19.

United Rentals Price Performance

URI stock opened at $1,039.25 on Tuesday. The stock has a 50-day moving average price of $1,096.24 and a two-hundred day moving average price of $958.89. United Rentals, Inc. has a 12-month low of $701.59 and a 12-month high of $1,179.18. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 1.38. The company has a market cap of $64.68 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 1.33 and a beta of 1.80.

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

United Rentals Dividend Announcement

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

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.