California State Teachers Retirement System Has $110.28 Million Position in United Rentals, Inc. $URI

California State Teachers Retirement System lessened its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 2.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 97,346 shares of the construction company's stock after selling 2,655 shares during the period. California State Teachers Retirement System owned approximately 0.16% of United Rentals worth $110,282,310 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. SFE Investment Counsel acquired a new stake in shares of United Rentals during the second quarter worth about $12,765,000. Eventide Asset Management LLC increased its position in United Rentals by 19.6% during the fourth quarter. Eventide Asset Management LLC now owns 95,940 shares of the construction company's stock worth $77,666,000 after buying an additional 15,696 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of United Rentals by 52.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,241 shares of the construction company's stock worth $2,623,000 after purchasing an additional 1,109 shares in the last quarter. Bridges Investment Management Inc. raised its holdings in shares of United Rentals by 2.0% during the fourth quarter. Bridges Investment Management Inc. now owns 69,583 shares of the construction company's stock worth $56,315,000 after purchasing an additional 1,354 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in United Rentals by 9.7% in the first quarter. Geneos Wealth Management Inc. now owns 10,782 shares of the construction company's stock worth $7,855,000 after acquiring an additional 950 shares in the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on URI shares. KeyCorp reaffirmed an "overweight" rating and set a $1,350.00 price target on shares of United Rentals in a research note on Friday, July 24th. Raymond James Financial reissued an "outperform" rating and issued a $1,275.00 price target on shares of United Rentals in a report on Wednesday, June 10th. Truist Financial lifted their price objective on shares of United Rentals from $1,421.00 to $1,466.00 and gave the stock a "buy" rating in a research note on Friday, July 24th. UBS Group set a $1,170.00 price target on shares of United Rentals in a research report on Thursday, September 10th. Finally, Citigroup reaffirmed a "buy" rating on shares of United Rentals in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, United Rentals currently has a consensus rating of "Moderate Buy" and an average price target of $1,230.88.

United Rentals Price Performance

Shares of URI stock traded down $4.64 on Tuesday, reaching $989.16. The company had a trading volume of 89,686 shares, compared to its average volume of 565,417. United Rentals, Inc. has a one year low of $701.59 and a one year high of $1,179.18. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38. The business's 50-day moving average is $1,074.61 and its 200 day moving average is $967.34. The stock has a market capitalization of $61.57 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 1.45 and a beta of 1.79.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The construction company reported $12.76 earnings per share for the quarter, topping the consensus estimate of $11.53 by $1.23. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The firm had revenue of $4.41 billion for the quarter, compared to analysts' expectations of $4.22 billion. During the same quarter in the prior year, the firm posted $10.47 earnings per share. The business's quarterly revenue was up 11.8% on a year-over-year basis. Equities research analysts forecast that United Rentals, Inc. will post 48.7 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were paid a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, August 12th. United Rentals's dividend payout ratio (DPR) is currently 18.92%.

Insider Buying and Selling at United Rentals

In other news, EVP William Grace sold 1,500 shares of the stock in a transaction on Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the completion of the sale, the executive vice president owned 6,062 shares of the company's stock, valued at $6,869,155.30. This represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is currently owned by company insiders.

About United Rentals

United Rentals, Inc is an equipment rental company serving construction, industrial, commercial, government and residential customers. The company provides access to a broad range of equipment without requiring customers to purchase and maintain their own fleets.

Its rental offerings include aerial work platforms, earthmoving equipment, material-handling equipment, trucks and trailers, power-generation and climate-control equipment, pumps, tools, trench-safety products and traffic-control equipment.

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