Public Employees Retirement System of Ohio Has $19.84 Million Position in United Rentals, Inc. (NYSE:URI)

Public Employees Retirement System of Ohio reduced its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,169 shares of the construction company's stock after selling 1,807 shares during the quarter. Public Employees Retirement System of Ohio's holdings in United Rentals were worth $19,843,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the company. Rialto Wealth Management LLC purchased a new stake in shares of United Rentals during the 4th quarter worth about $25,000. Murphy & Mullick Capital Management Corp acquired a new stake in United Rentals in the fourth quarter valued at approximately $27,000. Meeder Asset Management Inc. raised its stake in shares of United Rentals by 241.7% during the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after purchasing an additional 29 shares during the period. Hanson & Doremus Investment Management acquired a new position in shares of United Rentals during the fourth quarter worth $33,000. Finally, Kestra Investment Management LLC purchased a new position in shares of United Rentals in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Stock Performance

NYSE URI traded down $5.61 during trading hours on Friday, hitting $709.38. The company had a trading volume of 206,383 shares, compared to its average volume of 599,633. The firm has a market cap of $46.11 billion, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 1.43 and a beta of 1.70. The business has a fifty day simple moving average of $642.57 and a 200-day simple moving average of $703.27. 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.

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

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors 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 dividend on an annualized basis and a dividend yield of 1.01%. United Rentals's dividend payout ratio is presently 18.54%.

Analysts Set New Price Targets

Several analysts have recently weighed in on URI shares. Cfra Research upgraded United Rentals to a "strong-buy" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. upped their target price on United Rentals from $780.00 to $920.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Bank of America dropped their price target on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Sanford C. Bernstein upgraded shares of United Rentals from an "underperform" rating to a "market perform" rating and reduced their price objective for the company from $705.00 to $666.00 in a research note on Tuesday, March 25th. Finally, Citigroup dropped their target price on shares of United Rentals from $720.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $753.15.

Insider Buying and Selling

In related news, EVP Michael D. Durand sold 1,100 shares of United Rentals stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total value of $688,908.00. Following the transaction, the executive vice president now directly owns 8,748 shares in the company, valued at $5,478,697.44. The trade was a 11.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $499,748.88. Following the sale, the vice president now directly owns 1,921 shares of the company's stock, valued at approximately $1,355,957.06. This represents a 26.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.53% of the stock is owned by corporate insiders.

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.