New Mexico Educational Retirement Board Sells 100 Shares of United Rentals, Inc. (NYSE:URI)

New Mexico Educational Retirement Board reduced its position in United Rentals, Inc. (NYSE:URI) by 3.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,200 shares of the construction company’s stock after selling 100 shares during the period. New Mexico Educational Retirement Board’s holdings in United Rentals were worth $2,254,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Creative Planning boosted its position in shares of United Rentals by 7.9% during the third quarter. Creative Planning now owns 13,046 shares of the construction company’s stock worth $10,563,000 after acquiring an additional 959 shares during the last quarter. Vontobel Holding Ltd. boosted its position in shares of United Rentals by 65.7% during the third quarter. Vontobel Holding Ltd. now owns 4,919 shares of the construction company’s stock worth $3,983,000 after acquiring an additional 1,950 shares during the last quarter. Trust Co. of Vermont boosted its position in shares of United Rentals by 6,000.0% during the third quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock worth $49,000 after acquiring an additional 60 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of United Rentals by 5.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,217 shares of the construction company’s stock worth $5,844,000 after acquiring an additional 382 shares during the last quarter. Finally, Aaron Wealth Advisors LLC boosted its position in shares of United Rentals by 21.3% during the third quarter. Aaron Wealth Advisors LLC now owns 438 shares of the construction company’s stock worth $355,000 after acquiring an additional 77 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Citigroup dropped their target price on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Truist Financial reiterated a “buy” rating and set a $956.00 price objective (down previously from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Bank of America increased their price objective on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and an average price target of $814.08.

United Rentals Trading Up 1.6 %

Shares of URI opened at $741.10 on Friday. United Rentals, Inc. has a twelve month low of $596.48 and a twelve month high of $896.98. The company has a market cap of $48.40 billion, a P/E ratio of 19.13, a P/E/G ratio of 1.54 and a beta of 1.68. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The company’s fifty day simple moving average is $740.77 and its 200-day simple moving average is $769.76.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. As a group, analysts expect that United Rentals, Inc. will post 44.93 EPS for the current year.

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be paid a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 0.97%. The ex-dividend date is Wednesday, February 12th. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio (DPR) is currently 16.83%.

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.