California Public Employees Retirement System Has $76.08 Million Holdings in United Rentals, Inc. (NYSE:URI)

California Public Employees Retirement System reduced its holdings in shares of United Rentals, Inc. (NYSE:URI) by 8.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 108,007 shares of the construction company’s stock after selling 9,810 shares during the quarter. California Public Employees Retirement System owned approximately 0.17% of United Rentals worth $76,084,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. GHP Investment Advisors Inc. grew its stake in United Rentals by 6.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 14,855 shares of the construction company’s stock valued at $10,464,000 after buying an additional 877 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of United Rentals by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company’s stock worth $313,627,000 after acquiring an additional 6,787 shares during the period. Fiduciary Alliance LLC increased its stake in shares of United Rentals by 196.5% during the fourth quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company’s stock worth $1,000,000 after purchasing an additional 941 shares during the period. Blueshift Asset Management LLC acquired a new stake in United Rentals during the 4th quarter worth approximately $649,000. Finally, Nordea Investment Management AB boosted its stake in United Rentals by 7.6% in the 4th quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company’s stock valued at $517,018,000 after purchasing an additional 52,037 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Evercore ISI cut their price objective on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a report on Tuesday, January 14th. Sanford C. Bernstein upgraded shares of United Rentals from an “underperform” rating to a “market perform” rating and dropped their price target for the company from $705.00 to $666.00 in a research report on Tuesday, March 25th. Finally, Morgan Stanley reduced their price target on United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, United Rentals currently has a consensus rating of “Moderate Buy” and a consensus price target of $804.15.

United Rentals Stock Down 0.3 %

URI stock opened at $625.97 on Tuesday. The firm has a 50-day moving average price of $684.08 and a 200-day moving average price of $754.67. United Rentals, Inc. has a 12 month low of $585.27 and a 12 month high of $896.98. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $40.90 billion, a P/E ratio of 16.15, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. As a group, equities research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a dividend of $1.79 per share. This is a boost from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Wednesday, February 12th. United Rentals’s payout ratio is 18.48%.

Insider Activity

In related news, CFO William E. Grace sold 1,100 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the transaction, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at $4,390,128. This trade represents a 13.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.53% of the stock is currently owned by insiders.

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.