Ontario Teachers Pension Plan Board Trims Stock Position in United Rentals, Inc. (NYSE:URI)

Ontario Teachers Pension Plan Board trimmed its stake in United Rentals, Inc. (NYSE:URI) by 61.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,289 shares of the construction company’s stock after selling 3,611 shares during the period. Ontario Teachers Pension Plan Board’s holdings in United Rentals were worth $1,853,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Crewe Advisors LLC bought a new position in United Rentals in the first quarter worth about $27,000. RFP Financial Group LLC raised its position in shares of United Rentals by 115.8% in the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after acquiring an additional 22 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of United Rentals in the 3rd quarter worth approximately $31,000. Carmichael Hill & Associates Inc. lifted its stake in shares of United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after purchasing an additional 20 shares during the period. Finally, HHM Wealth Advisors LLC boosted its position in shares of United Rentals by 280.0% during the second quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company’s stock valued at $37,000 after purchasing an additional 42 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the transaction, the senior vice president now owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

URI has been the subject of a number of research reports. Citigroup increased their price objective on United Rentals from $930.00 to $955.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Bank of America increased their price target on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Evercore ISI boosted their price objective on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. JPMorgan Chase & Co. upped their price objective on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Finally, The Goldman Sachs Group boosted their price target on United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $742.50.

United Rentals Stock Down 1.4 %

United Rentals stock opened at $821.16 on Wednesday. United Rentals, Inc. has a 12 month low of $454.71 and a 12 month high of $896.98. The stock has a fifty day simple moving average of $812.18 and a two-hundred day simple moving average of $729.02. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The firm has a market cap of $53.88 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 1.96 and a beta of 1.68.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the previous year, the business posted $11.73 earnings per share. United Rentals’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities analysts predict that United Rentals, Inc. will post 43.55 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $1.63 per share. The ex-dividend date is Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a yield of 0.79%. United Rentals’s dividend payout ratio (DPR) is 17.03%.

United Rentals Company 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.