Public Employees Retirement System of Ohio Sells 3,469 Shares of United Rentals, Inc. (NYSE:URI)

Public Employees Retirement System of Ohio decreased its position in shares of United Rentals, Inc. (NYSE:URI) by 10.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,976 shares of the construction company’s stock after selling 3,469 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in United Rentals were worth $24,272,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in URI. Sequoia Financial Advisors LLC lifted its position in shares of United Rentals by 8.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,206 shares of the construction company’s stock worth $780,000 after buying an additional 91 shares in the last quarter. Diversified Trust Co grew its position in shares of United Rentals by 9.2% during the 2nd quarter. Diversified Trust Co now owns 1,582 shares of the construction company’s stock valued at $1,023,000 after purchasing an additional 133 shares in the last quarter. Great Valley Advisor Group Inc. bought a new position in United Rentals in the 2nd quarter worth about $206,000. ORG Partners LLC purchased a new stake in United Rentals in the second quarter valued at approximately $119,000. Finally, Bremer Bank National Association lifted its holdings in shares of United Rentals by 3.0% during the 2nd quarter. Bremer Bank National Association now owns 1,148 shares of the construction company’s stock worth $742,000 after acquiring an additional 33 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on URI. Argus increased their price target on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Robert W. Baird lifted their price objective on United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. boosted their price target on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Barclays raised their price objective on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Finally, Truist Financial lifted their target price on shares of United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $770.00.

Insider Transactions at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the sale, the senior vice president now owns 2,044 shares in the company, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.53% of the company’s stock.

United Rentals Stock Down 2.7 %

Shares of United Rentals stock opened at $835.89 on Tuesday. The company has a market cap of $54.85 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 2.01 and a beta of 1.66. United Rentals, Inc. has a twelve month low of $491.60 and a twelve month high of $896.98. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. The company’s 50 day moving average is $834.75 and its 200 day moving average is $745.44.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The business had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $11.73 EPS. Research analysts anticipate that United Rentals, Inc. will post 43.46 EPS for the current year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.78%. United Rentals’s dividend payout ratio (DPR) is presently 17.03%.

United Rentals Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.