State Board of Administration of Florida Retirement System Boosts Position in United Rentals, Inc. (URI)

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State Board of Administration of Florida Retirement System boosted its position in shares of United Rentals, Inc. (NYSE:URI) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 110,618 shares of the construction company’s stock after acquiring an additional 1,848 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.14% of United Rentals worth $11,342,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its stake in United Rentals by 19.0% in the second quarter. Advisors Asset Management Inc. now owns 56,695 shares of the construction company’s stock valued at $8,369,000 after purchasing an additional 9,048 shares in the last quarter. Schroder Investment Management Group raised its stake in United Rentals by 163.7% in the second quarter. Schroder Investment Management Group now owns 107,691 shares of the construction company’s stock valued at $15,881,000 after purchasing an additional 66,852 shares in the last quarter. Atria Investments LLC raised its stake in United Rentals by 127.2% during the third quarter. Atria Investments LLC now owns 5,165 shares of the construction company’s stock worth $845,000 after acquiring an additional 2,892 shares in the last quarter. DNB Asset Management AS raised its stake in United Rentals by 2.3% during the third quarter. DNB Asset Management AS now owns 15,346 shares of the construction company’s stock worth $2,511,000 after acquiring an additional 346 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. raised its stake in United Rentals by 180.3% during the third quarter. Winslow Evans & Crocker Inc. now owns 3,812 shares of the construction company’s stock worth $626,000 after acquiring an additional 2,452 shares in the last quarter. 96.88% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Craig Adam Pintoff sold 7,343 shares of the business’s stock in a transaction dated Friday, January 25th. The stock was sold at an average price of $125.66, for a total transaction of $922,721.38. Following the sale, the executive vice president now directly owns 18,720 shares in the company, valued at $2,352,355.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Shiv Singh purchased 390 shares of United Rentals stock in a transaction dated Monday, January 28th. The shares were purchased at an average price of $124.72 per share, for a total transaction of $48,640.80. Following the completion of the acquisition, the director now owns 2,803 shares of the company’s stock, valued at approximately $349,590.16. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.

Several research analysts have commented on the company. UBS Group set a $180.00 target price on United Rentals and gave the stock a “buy” rating in a research note on Thursday, November 15th. Citigroup lowered their target price on United Rentals from $200.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, October 19th. Morgan Stanley lowered their target price on United Rentals from $190.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, October 31st. Zacks Investment Research raised United Rentals from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a research note on Friday, December 14th. Finally, Royal Bank of Canada lowered their target price on United Rentals to $188.00 and set an “outperform” rating for the company in a research note on Friday, October 19th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $157.09.

NYSE:URI opened at $127.89 on Tuesday. The stock has a market cap of $10.05 billion, a PE ratio of 7.87, a PEG ratio of 0.37 and a beta of 2.51. The company has a current ratio of 0.83, a quick ratio of 0.78 and a debt-to-equity ratio of 3.19. United Rentals, Inc. has a 1-year low of $94.28 and a 1-year high of $190.74.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, January 23rd. The construction company reported $4.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.77 by $0.08. The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.22 billion. United Rentals had a return on equity of 41.91% and a net margin of 13.62%. The business’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.34 earnings per share. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 19.31 earnings per share for the current year.

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United Rentals Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power, and Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.

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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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