South Dakota Investment Council Sells 125 Shares of United Rentals, Inc. (NYSE:URI)

South Dakota Investment Council decreased its position in United Rentals, Inc. (NYSE:URI) by 2.1% during the 4th quarter, Holdings Channel reports. The firm owned 5,943 shares of the construction company’s stock after selling 125 shares during the quarter. South Dakota Investment Council’s holdings in United Rentals were worth $3,408,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. GAMMA Investing LLC bought a new stake in shares of United Rentals in the 4th quarter worth about $422,000. Parkside Financial Bank & Trust grew its holdings in shares of United Rentals by 8.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the construction company’s stock worth $598,000 after purchasing an additional 84 shares during the last quarter. SlateStone Wealth LLC grew its holdings in shares of United Rentals by 2.8% in the 4th quarter. SlateStone Wealth LLC now owns 4,896 shares of the construction company’s stock worth $2,807,000 after purchasing an additional 135 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of United Rentals by 1,525.0% in the 4th quarter. Larson Financial Group LLC now owns 65 shares of the construction company’s stock worth $37,000 after purchasing an additional 61 shares during the last quarter. Finally, PDS Planning Inc bought a new stake in shares of United Rentals in the 4th quarter worth about $252,000. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

United Rentals stock opened at $655.07 on Thursday. The company has a market cap of $44.00 billion, a PE ratio of 18.53, a PEG ratio of 2.29 and a beta of 1.84. The company’s 50-day moving average is $679.77 and its two-hundred day moving average is $576.07. The company has a current ratio of 0.81, a quick ratio of 0.75 and a debt-to-equity ratio of 1.24. United Rentals, Inc. has a 1 year low of $325.15 and a 1 year high of $732.37.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, beating analysts’ consensus estimates of $8.35 by $0.80. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. United Rentals had a net margin of 16.91% and a return on equity of 36.80%. United Rentals’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the company posted $7.95 EPS. Equities analysts anticipate that United Rentals, Inc. will post 43.13 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.00%. United Rentals’s dividend payout ratio is 18.44%.

United Rentals announced that its Board of Directors has approved a stock repurchase program on Wednesday, January 24th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 3.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of United Rentals from $630.00 to $710.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Evercore ISI increased their price objective on shares of United Rentals from $575.00 to $740.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. BNP Paribas reissued an “underperform” rating and set a $485.00 price objective on shares of United Rentals in a report on Friday, January 5th. Truist Financial assumed coverage on shares of United Rentals in a report on Thursday, March 14th. They set a “buy” rating and a $793.00 price objective on the stock. Finally, Robert W. Baird increased their price objective on shares of United Rentals from $322.00 to $559.00 and gave the stock an “underperform” rating in a report on Friday, January 26th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $589.21.

Insider Activity at United Rentals

In other United Rentals news, CFO William E. Grace sold 775 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $655.62, for a total transaction of $508,105.50. Following the sale, the chief financial officer now directly owns 6,323 shares in the company, valued at approximately $4,145,485.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.53% of the stock is currently owned by corporate insiders.

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.