California State Teachers Retirement System Has $75.49 Million Position in United Rentals, Inc. (NYSE:URI)

California State Teachers Retirement System lowered its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 107,159 shares of the construction company's stock after selling 5,019 shares during the period. California State Teachers Retirement System owned 0.16% of United Rentals worth $75,487,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in URI. Norges Bank acquired a new stake in shares of United Rentals during the fourth quarter worth $695,716,000. Capital World Investors raised its stake in United Rentals by 17.1% in the 4th quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock worth $1,564,722,000 after purchasing an additional 323,636 shares in the last quarter. Capital International Investors boosted its holdings in United Rentals by 41.0% in the 4th quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock valued at $740,624,000 after purchasing an additional 305,491 shares during the period. Marshall Wace LLP raised its position in shares of United Rentals by 105.6% in the fourth quarter. Marshall Wace LLP now owns 546,165 shares of the construction company's stock valued at $384,740,000 after buying an additional 280,502 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of United Rentals in the fourth quarter valued at approximately $171,733,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on URI. Baird R W raised shares of United Rentals from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 14th. Bank of America decreased their price target on United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Robert W. Baird boosted their price objective on United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. lowered their target price on United Rentals from $1,000.00 to $750.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Finally, UBS Group lowered shares of United Rentals from a "buy" rating to a "sell" rating and lowered their price objective for the stock from $910.00 to $485.00 in a research report on Monday, April 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $725.69.

United Rentals Stock Performance

URI traded up $25.61 during trading on Friday, reaching $666.21. 884,233 shares of the company's stock were exchanged, compared to its average volume of 593,097. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $896.98. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $43.30 billion, a P/E ratio of 17.19, a PEG ratio of 1.43 and a beta of 1.70. The business has a 50 day moving average price of $613.33 and a 200 day moving average price of $719.85.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. United Rentals had a net margin of 16.78% and a return on equity of 34.21%. The business's revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $9.15 earnings per share. As a group, analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Wednesday, May 14th. United Rentals's dividend payout ratio (DPR) is currently 18.54%.

Insider Buying and Selling at United Rentals

In related news, EVP Michael D. Durand sold 1,100 shares of United Rentals stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total value of $688,908.00. Following the sale, the executive vice president now owns 8,748 shares of the company's stock, valued at approximately $5,478,697.44. The trade was a 11.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.53% of the company's stock.

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.