BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $61.48 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of United Rentals, Inc. (NYSE:URI) by 17.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 95,058 shares of the construction company’s stock after purchasing an additional 13,863 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.14% of United Rentals worth $61,477,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ameritas Advisory Services LLC grew its stake in United Rentals by 3.8% in the 2nd quarter. Ameritas Advisory Services LLC now owns 378 shares of the construction company’s stock valued at $244,000 after buying an additional 14 shares during the last quarter. Duncker Streett & Co. Inc. boosted its holdings in shares of United Rentals by 0.3% during the second quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company’s stock worth $3,461,000 after acquiring an additional 14 shares during the period. Concurrent Investment Advisors LLC grew its position in shares of United Rentals by 3.7% in the first quarter. Concurrent Investment Advisors LLC now owns 418 shares of the construction company’s stock valued at $301,000 after purchasing an additional 15 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in shares of United Rentals by 4.7% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 357 shares of the construction company’s stock worth $231,000 after purchasing an additional 16 shares during the period. Finally, U.S. Capital Wealth Advisors LLC boosted its stake in United Rentals by 0.4% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 3,841 shares of the construction company’s stock valued at $2,484,000 after purchasing an additional 17 shares during the period. Institutional investors own 96.26% of the company’s stock.

Insider Activity

In related news, SVP Joli L. Gross sold 360 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following the sale, the senior vice president now owns 4,090 shares of the company’s stock, valued at $2,822,100. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

URI has been the topic of several recent research reports. The Goldman Sachs Group increased their price objective on United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Truist Financial lifted their price objective on shares of United Rentals from $785.00 to $873.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. lifted their price target on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research report on Monday. Citigroup initiated coverage on United Rentals in a report on Wednesday, June 26th. They issued a “buy” rating and a $745.00 price objective for the company. Finally, Raymond James initiated coverage on United Rentals in a research note on Friday, June 28th. They issued an “outperform” rating and a $750.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, United Rentals presently has a consensus rating of “Hold” and an average price target of $687.46.

United Rentals Stock Up 2.0 %

Shares of URI opened at $798.95 on Tuesday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 0.81. United Rentals, Inc. has a 52 week low of $387.01 and a 52 week high of $803.48. The stock has a market capitalization of $53.20 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 1.72 and a beta of 1.68. The stock has a fifty day moving average of $724.10 and a 200-day moving average of $688.13.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 24th. The construction company reported $10.70 EPS for the quarter, beating the consensus estimate of $10.48 by $0.22. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.77 billion. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the company earned $9.88 earnings per share. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 44.39 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.82%. The ex-dividend date was Wednesday, August 14th. United Rentals’s dividend payout ratio (DPR) is currently 17.66%.

About United Rentals

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.