Public Employees Retirement System of Ohio Buys Shares of 19,816 United Rentals, Inc. $URI

Public Employees Retirement System of Ohio bought a new stake in United Rentals, Inc. (NYSE:URI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,816 shares of the construction company’s stock, valued at approximately $22,449,000.

A number of other large investors have also bought and sold shares of URI. Core Wealth Advisors LLC bought a new stake in shares of United Rentals in the fourth quarter valued at about $28,000. MV Capital Management Inc. acquired a new position in United Rentals during the fourth quarter worth approximately $28,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of United Rentals during the 2nd quarter worth approximately $29,000. MidFirst Bank acquired a new position in shares of United Rentals in the second quarter valued at $31,000. Finally, Laurel Wealth Advisors LLC acquired a new position in United Rentals in the 4th quarter valued at about $32,000. 96.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other United Rentals news, EVP William E. Grace sold 1,500 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the sale, the executive vice president owned 6,062 shares of the company’s stock, valued at approximately $6,869,155.30. This represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.47% of the stock is owned by corporate insiders.

United Rentals Trading Down 0.7%

NYSE URI opened at $1,030.64 on Friday. The company has a market cap of $64.15 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 1.33 and a beta of 1.80. United Rentals, Inc. has a twelve month low of $701.59 and a twelve month 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 fifty day moving average is $1,097.31 and its 200 day moving average is $957.16.

United Rentals (NYSE:URI) last posted its earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, topping analysts’ consensus estimates of $11.53 by $1.23. The firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.22 billion. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $10.47 EPS. As a group, sell-side analysts expect that United Rentals, Inc. will post 48.55 EPS for the current fiscal year.

United Rentals Dividend Announcement

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

Analysts Set New Price Targets

URI has been the topic of a number of research reports. Zacks Research raised United Rentals from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Bank of America lifted their price objective on United Rentals from $1,195.00 to $1,300.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. UBS Group upped their target price on United Rentals from $1,300.00 to $1,350.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Citigroup increased their target price on United Rentals from $1,270.00 to $1,330.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Finally, Robert W. Baird set a $1,300.00 price target on United Rentals in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,246.19.

United Rentals Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.