Ontario Teachers Pension Plan Board Sells 3,611 Shares of United Rentals, Inc. (NYSE:URI)

Ontario Teachers Pension Plan Board trimmed its holdings in United Rentals, Inc. (NYSE:URI) by 61.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,289 shares of the construction company’s stock after selling 3,611 shares during the period. Ontario Teachers Pension Plan Board’s holdings in United Rentals were worth $1,853,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Crewe Advisors LLC bought a new stake in shares of United Rentals during the 1st quarter valued at $27,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in United Rentals during the 3rd quarter valued at about $31,000. RFP Financial Group LLC increased its position in shares of United Rentals by 115.8% during the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock valued at $27,000 after buying an additional 22 shares during the period. Carmichael Hill & Associates Inc. lifted its holdings in shares of United Rentals by 80.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after buying an additional 20 shares in the last quarter. Finally, HM Payson & Co. bought a new position in shares of United Rentals in the third quarter valued at approximately $41,000. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

NYSE URI opened at $821.16 on Wednesday. The company has a 50-day simple moving average of $812.18 and a two-hundred day simple moving average of $729.02. United Rentals, Inc. has a 12-month low of $454.71 and a 12-month high of $896.98. The firm has a market cap of $53.88 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 1.96 and a beta of 1.68. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing the consensus estimate of $12.49 by ($0.69). The company had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $11.73 earnings per share. On average, equities analysts forecast that United Rentals, Inc. will post 43.55 EPS for the current year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals’s payout ratio is 17.03%.

Insider Activity at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction 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. The trade was 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. 0.49% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on URI. Citigroup upped their target price on shares of United Rentals from $930.00 to $955.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Evercore ISI increased their price objective on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Robert W. Baird boosted their target price on United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research report on Thursday, October 3rd. Barclays upped their target price on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their price target on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Three analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $742.50.

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.