Strs Ohio Sells 3,002 Shares of United Rentals, Inc. $URI

Strs Ohio lowered its stake in United Rentals, Inc. (NYSE:URI) by 8.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 33,468 shares of the construction company’s stock after selling 3,002 shares during the period. Strs Ohio’s holdings in United Rentals were worth $24,383,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Aventura Private Wealth LLC acquired a new stake in United Rentals during the fourth quarter worth approximately $27,000. Core Wealth Advisors LLC acquired a new position in shares of United Rentals in the fourth quarter valued at approximately $28,000. MV Capital Management Inc. acquired a new position in shares of United Rentals in the fourth quarter valued at approximately $28,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of United Rentals during the third quarter worth approximately $35,000. Finally, Board of the Pension Protection Fund bought a new position in shares of United Rentals during the fourth quarter worth approximately $32,000. 96.26% of the stock is owned by institutional investors.

Insider Activity

In other United Rentals news, SVP Joli L. Gross sold 306 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $954.99, for a total value of $292,226.94. Following the transaction, the senior vice president directly owned 5,738 shares of the company’s stock, valued at $5,479,732.62. This trade represents a 5.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Andrew B. Limoges sold 548 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $977.86, for a total transaction of $535,867.28. Following the completion of the transaction, the vice president directly owned 1,865 shares in the company, valued at approximately $1,823,708.90. This represents a 22.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 26,088 shares of company stock valued at $25,628,877. Corporate insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on URI. UBS Group boosted their price target on United Rentals from $1,145.00 to $1,300.00 and gave the company a “buy” rating in a research note on Wednesday. Truist Financial increased their price objective on United Rentals from $1,209.00 to $1,421.00 and gave the stock a “buy” rating in a research report on Thursday. Evercore reiterated an “outperform” rating and set a $1,101.00 price objective on shares of United Rentals in a research report on Monday, May 11th. Morgan Stanley reissued an “overweight” rating and set a $1,030.00 target price on shares of United Rentals in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of United Rentals from $850.00 to $1,050.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Fifteen investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,119.69.

United Rentals Price Performance

United Rentals stock opened at $1,100.43 on Friday. The firm has a market cap of $68.94 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 1.76 and a beta of 1.79. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. The stock’s fifty day moving average price is $1,018.24 and its two-hundred day moving average price is $892.34. United Rentals, Inc. has a one year low of $701.59 and a one year high of $1,143.69.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.86 earnings per share. As a group, research analysts expect that United Rentals, Inc. will post 46.76 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a dividend of $1.97 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $7.88 annualized dividend and a yield of 0.7%. United Rentals’s dividend payout ratio is currently 20.10%.

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.