BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 2,846 Shares of United Rentals, Inc. (NYSE:URI)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its holdings in shares of United Rentals, Inc. (NYSE:URI) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,454 shares of the construction company’s stock after selling 2,846 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in United Rentals were worth $57,379,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rialto Wealth Management LLC bought a new stake in United Rentals during the 4th quarter valued at $25,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of United Rentals in the fourth quarter valued at $27,000. Meeder Asset Management Inc. raised its stake in shares of United Rentals by 241.7% during the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company’s stock valued at $29,000 after purchasing an additional 29 shares during the period. Hanson & Doremus Investment Management purchased a new stake in United Rentals during the 4th quarter worth about $33,000. Finally, Kestra Investment Management LLC purchased a new stake in United Rentals during the 4th quarter worth about $34,000. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Down 1.4%

URI opened at $714.09 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The business’s fifty day simple moving average is $631.47 and its 200 day simple moving average is $709.07. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $896.98. The stock has a market cap of $46.42 billion, a PE ratio of 18.43, a P/E/G ratio of 1.43 and a beta of 1.70.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing the consensus estimate of $8.92 by ($0.06). The firm had revenue of $3.72 billion for 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%. United Rentals’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the company posted $9.15 earnings per share. As a group, research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

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

Insiders Place Their Bets

In other news, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $705.86, for a total value of $499,748.88. Following the transaction, the vice president now owns 1,921 shares in the company, valued at approximately $1,355,957.06. The trade was a 26.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO William E. Grace sold 1,100 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the sale, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at approximately $4,390,128. This trade represents a 13.78% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,908 shares of company stock valued at $1,890,567. 0.53% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Citigroup decreased their price target on United Rentals from $720.00 to $650.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Robert W. Baird upped their target price on shares of United Rentals from $535.00 to $571.00 and gave the stock a “neutral” rating in a report on Friday, April 25th. UBS Group raised shares of United Rentals from a “sell” rating to a “neutral” rating and raised their price target for the company from $485.00 to $780.00 in a report on Friday, May 16th. Evercore ISI decreased their price target on shares of United Rentals from $974.00 to $921.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Cfra Research upgraded United Rentals to a “strong-buy” rating in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $744.31.

United Rentals 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.