BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $57.38 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its position in shares of United Rentals, Inc. (NYSE:URI) by 3.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 81,454 shares of the construction company’s stock after selling 2,846 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.12% of United Rentals worth $57,379,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Adell Harriman & Carpenter Inc. grew its holdings in United Rentals by 1.8% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company’s stock worth $573,000 after acquiring an additional 14 shares during the period. Valmark Advisers Inc. lifted its stake in United Rentals by 1.8% in the fourth quarter. Valmark Advisers Inc. now owns 788 shares of the construction company’s stock valued at $555,000 after buying an additional 14 shares during the period. Erste Asset Management GmbH grew its position in shares of United Rentals by 0.5% during the 4th quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company’s stock worth $2,002,000 after buying an additional 14 shares during the period. Forum Financial Management LP increased its stake in shares of United Rentals by 1.9% in the 4th quarter. Forum Financial Management LP now owns 749 shares of the construction company’s stock valued at $528,000 after acquiring an additional 14 shares in the last quarter. Finally, Klingman & Associates LLC boosted its stake in United Rentals by 2.3% during the fourth quarter. Klingman & Associates LLC now owns 669 shares of the construction company’s stock worth $471,000 after acquiring an additional 15 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

Insider Transactions at United Rentals

In related news, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $705.86, for a total value of $499,748.88. Following the sale, the vice president now owns 1,921 shares of the company’s stock, valued at approximately $1,355,957.06. The trade was a 26.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael D. Durand sold 1,100 shares of the company’s stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total value of $688,908.00. Following the completion of the transaction, the executive vice president now owns 8,748 shares in the company, valued at approximately $5,478,697.44. The trade was a 11.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,908 shares of company stock worth $1,890,567 in the last ninety days. Company insiders own 0.53% of the company’s stock.

United Rentals Trading Down 1.4%

NYSE:URI opened at $714.09 on Wednesday. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $896.98. The firm has a 50-day moving average price of $631.47 and a two-hundred day moving average price of $709.07. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The firm has a market cap of $46.42 billion, a price-to-earnings ratio of 18.43, a price-to-earnings-growth ratio of 1.43 and a beta of 1.70.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.92 by ($0.06). The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. United Rentals had a net margin of 16.78% and a return on equity of 34.21%. The business’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the company earned $9.15 earnings per share. On average, equities analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Wednesday, May 14th. United Rentals’s dividend payout ratio is presently 18.54%.

Analyst Ratings Changes

Several analysts have recently commented on URI shares. JPMorgan Chase & Co. reduced their target price on United Rentals from $1,000.00 to $750.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Sanford C. Bernstein upgraded United Rentals from an “underperform” rating to a “market perform” rating and decreased their price objective for the company from $705.00 to $666.00 in a report on Tuesday, March 25th. UBS Group upgraded United Rentals from a “sell” rating to a “neutral” rating and increased their target price for the stock from $485.00 to $780.00 in a report on Friday, May 16th. Morgan Stanley raised shares of United Rentals from an “equal weight” rating to an “overweight” rating and set a $702.00 price target for the company in a research report on Wednesday, April 16th. Finally, Bank of America lowered their price objective on shares of United Rentals from $850.00 to $750.00 and set a “buy” rating on the stock in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $744.31.

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.