United Rentals, Inc. (NYSE:URI) Stock Holdings Trimmed by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its position in United Rentals, Inc. (NYSE:URI) by 11.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,300 shares of the construction company’s stock after selling 10,758 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.13% of United Rentals worth $68,260,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Mayflower Financial Advisors LLC boosted its holdings in United Rentals by 4.0% in the third quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock worth $274,000 after purchasing an additional 13 shares during the period. Allen Capital Group LLC boosted its holdings in shares of United Rentals by 4.2% in the 3rd quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock valued at $262,000 after buying an additional 13 shares during the period. First County Bank CT grew its position in shares of United Rentals by 3.2% during the 3rd quarter. First County Bank CT now owns 422 shares of the construction company’s stock valued at $342,000 after buying an additional 13 shares during the last quarter. Duncker Streett & Co. Inc. raised its stake in United Rentals by 0.3% during the second quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company’s stock worth $3,461,000 after acquiring an additional 14 shares during the period. Finally, Ameritas Advisory Services LLC lifted its holdings in United Rentals by 3.8% in the second quarter. Ameritas Advisory Services LLC now owns 378 shares of the construction company’s stock worth $244,000 after acquiring an additional 14 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP Anthony S. Leopold sold 900 shares of the company’s 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 in the company, valued at $1,682,702.56. This represents a 30.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

URI has been the topic of a number of research reports. Argus increased their price target on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. increased 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. Robert W. Baird boosted their target price on shares of United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research note on Thursday, October 3rd. Citigroup raised their price target on shares of United Rentals from $930.00 to $955.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Barclays increased their price objective on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $751.67.

United Rentals Price Performance

NYSE URI opened at $865.25 on Friday. United Rentals, Inc. has a 1 year low of $473.58 and a 1 year high of $896.98. The stock’s 50-day moving average price is $826.83 and its two-hundred day moving average price is $736.51. The company has a market cap of $56.78 billion, a PE ratio of 22.60, a PEG ratio of 2.01 and a beta of 1.68. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period in the prior year, the business posted $11.73 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts predict that United Rentals, Inc. will post 43.46 EPS for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals’s payout ratio 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.