PBU The Pension Fund of Early Childhood & Youth Educators Buys Shares of 10,663 United Rentals, Inc. $URI

PBU The Pension Fund of Early Childhood & Youth Educators bought a new stake in United Rentals, Inc. (NYSE:URI) during the 4th quarter, Holdings Channel reports. The firm bought 10,663 shares of the construction company’s stock, valued at approximately $8,630,000.

Several other hedge funds and other institutional investors also recently modified their holdings of URI. Aventura Private Wealth LLC purchased a new position in shares of United Rentals in the 4th quarter valued at approximately $27,000. Core Wealth Advisors LLC purchased a new position in shares of United Rentals in the 4th quarter valued at approximately $28,000. Abich Financial Wealth Management LLC purchased a new position in shares of United Rentals in the 3rd quarter valued at approximately $29,000. Board of the Pension Protection Fund purchased a new position in shares of United Rentals in the 4th quarter valued at approximately $32,000. Finally, Laurel Wealth Advisors LLC purchased a new position in shares of United Rentals in the 4th quarter valued at approximately $32,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Price Performance

United Rentals stock opened at $1,067.62 on Friday. United Rentals, Inc. has a 52 week low of $682.08 and a 52 week high of $1,091.23. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.37. The firm’s 50-day simple moving average is $885.82 and its 200 day simple moving average is $852.39. The firm has a market capitalization of $66.89 billion, a PE ratio of 27.24, a P/E/G ratio of 1.70 and a beta of 1.81.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing the consensus estimate of $11.47 by ($1.76). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The business had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter in the prior year, the firm earned $8.86 earnings per share. United Rentals’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities research analysts predict that United Rentals, Inc. will post 47.07 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were given a $1.97 dividend. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, May 13th. United Rentals’s dividend payout ratio is currently 20.10%.

Insider Buying and Selling

In other news, EVP Craig Adam Pintoff sold 2,466 shares of the company’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $963.00, for a total value of $2,374,758.00. Following the sale, the executive vice president directly owned 14,774 shares in the company, valued at $14,227,362. This represents a 14.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joli L. Gross sold 306 shares of the company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $954.99, for a total value of $292,226.94. Following the completion of the sale, the senior vice president owned 5,738 shares in the company, valued at $5,479,732.62. This represents a 5.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 26,088 shares of company stock valued at $25,628,877 over the last three months. Insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on URI. Barclays lifted their target price on United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a research note on Friday, April 24th. Weiss Ratings upgraded United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Citigroup lifted their price target on United Rentals from $950.00 to $1,130.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Robert W. Baird lifted their price target on United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, UBS Group lifted their price target on United Rentals from $1,025.00 to $1,145.00 and gave the company a “buy” rating in a research note on Wednesday. Twelve analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, United Rentals presently has an average rating of “Moderate Buy” and an average target price of $1,013.63.

About United Rentals

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.