Illinois Municipal Retirement Fund Decreases Stake in United Rentals, Inc. (NYSE:URI)

Illinois Municipal Retirement Fund cut its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 38.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,592 shares of the construction company's stock after selling 975 shares during the quarter. Illinois Municipal Retirement Fund's holdings in United Rentals were worth $998,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CNB Bank increased its stake in shares of United Rentals by 16.9% in the first quarter. CNB Bank now owns 741 shares of the construction company's stock valued at $464,000 after buying an additional 107 shares during the period. Graphene Investments SAS increased its stake in shares of United Rentals by 23.7% in the first quarter. Graphene Investments SAS now owns 4,700 shares of the construction company's stock valued at $2,945,000 after buying an additional 900 shares during the period. Perpetual Ltd acquired a new position in United Rentals in the first quarter valued at $241,000. PDS Planning Inc lifted its holdings in United Rentals by 5.8% in the first quarter. PDS Planning Inc now owns 489 shares of the construction company's stock valued at $306,000 after buying an additional 27 shares during the period. Finally, KPP Advisory Services LLC lifted its holdings in United Rentals by 50.1% in the first quarter. KPP Advisory Services LLC now owns 710 shares of the construction company's stock valued at $445,000 after buying an additional 237 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Down 0.4%

Shares of NYSE URI traded down $3.29 during trading on Friday, hitting $784.50. 342,929 shares of the company traded hands, compared to its average volume of 587,760. The business's fifty day moving average is $705.94 and its 200 day moving average is $683.00. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $896.98. The firm has a market capitalization of $50.99 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of 1.94 and a beta of 1.69. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 0.85.

United Rentals (NYSE:URI - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing analysts' consensus estimates 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 analyst estimates of $3.61 billion. During the same quarter in the prior year, the company earned $9.15 EPS. The company's revenue was up 6.7% on a year-over-year basis. Equities research 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 was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a $1.79 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.91%. United Rentals's dividend payout ratio is presently 18.54%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Robert W. Baird boosted their target price on shares of United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Cfra Research upgraded shares of United Rentals to a "strong-buy" rating in a report on Friday, April 25th. UBS Group upgraded shares of United Rentals from a "sell" rating to a "neutral" rating and boosted their target price for the company from $485.00 to $780.00 in a report on Friday, May 16th. JPMorgan Chase & Co. boosted their target price on shares of United Rentals from $780.00 to $920.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Finally, Truist Financial boosted their target price on shares of United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $766.23.

Insider Transactions at United Rentals

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