New York State Common Retirement Fund Has $28.80 Million Holdings in United Rentals, Inc. (NYSE:URI)

New York State Common Retirement Fund increased its position in United Rentals, Inc. (NYSE:URI - Free Report) by 6.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,950 shares of the construction company's stock after acquiring an additional 2,862 shares during the period. New York State Common Retirement Fund owned approximately 0.07% of United Rentals worth $28,797,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Norges Bank bought a new stake in shares of United Rentals during the 4th quarter worth about $695,716,000. GAMMA Investing LLC grew its stake in shares of United Rentals by 77,674.5% in the 1st quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock worth $556,138,000 after purchasing an additional 886,266 shares during the last quarter. Leigh Baldwin & CO. LLC acquired a new position in shares of United Rentals in the 4th quarter worth approximately $330,989,000. Capital World Investors grew its stake in shares of 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 during the last quarter. Finally, Capital International Investors grew its stake in shares of United Rentals by 41.0% in the 4th quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock worth $740,624,000 after purchasing an additional 305,491 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Stock Down 1.2%

URI traded down $9.39 on Tuesday, reaching $799.28. 776,488 shares of the company traded hands, compared to its average volume of 588,215. The stock's 50 day moving average price is $722.31 and its 200-day moving average price is $685.55. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $896.98. The company has a market cap of $51.95 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 1.99 and a beta of 1.69. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.79.

United Rentals (NYSE:URI - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing the consensus estimate of $8.92 by ($0.06). United Rentals had a return on equity of 33.11% and a net margin of 16.38%. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the prior year, the firm earned $9.15 earnings per share. The business's revenue was up 6.7% on a year-over-year basis. On average, sell-side analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $7.16 annualized dividend and a dividend yield of 0.90%. United Rentals's dividend payout ratio (DPR) is 18.54%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Citigroup reaffirmed a "buy" rating and issued a $810.00 price objective (up previously from $740.00) on shares of United Rentals in a research note on Tuesday, June 24th. Bank of America lowered their price objective on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Evercore ISI dropped their target price on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating on the stock in a research report on Monday, May 19th. Finally, Cfra Research raised shares of United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, United Rentals currently has a consensus rating of "Moderate Buy" and an average price target of $768.54.

Insider Buying and Selling at United Rentals

In related news, VP Andrew B. Limoges sold 708 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $705.86, for a total transaction of $499,748.88. Following the completion of the sale, the vice president directly owned 1,921 shares of the company's stock, valued at approximately $1,355,957.06. This represents a 26.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael D. Durand sold 1,100 shares of the company's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total transaction of $688,908.00. Following the sale, the executive vice president directly owned 8,748 shares of the company's stock, valued at approximately $5,478,697.44. This represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company's stock.

About United Rentals

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.