New Mexico Educational Retirement Board Sells 100 Shares of United Rentals, Inc. (NYSE:URI)

New Mexico Educational Retirement Board lowered its holdings in shares of United Rentals, Inc. (NYSE:URI) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,200 shares of the construction company’s stock after selling 100 shares during the period. New Mexico Educational Retirement Board’s holdings in United Rentals were worth $2,254,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. ORG Wealth Partners LLC bought a new stake in United Rentals during the fourth quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in United Rentals in the third quarter worth about $31,000. Hanson & Doremus Investment Management purchased a new position in United Rentals in the fourth quarter worth about $33,000. Carmichael Hill & Associates Inc. raised its holdings in 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 during the last quarter. Finally, HM Payson & Co. purchased a new position in United Rentals in the third quarter worth about $41,000. Institutional investors own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on URI shares. Argus lifted their target price on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Citigroup decreased their target price on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Bank of America lifted their target price on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Barclays boosted their price objective on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Finally, Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective for the company in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $814.08.

United Rentals Stock Up 1.6 %

Shares of URI stock opened at $741.10 on Friday. United Rentals, Inc. has a 12 month low of $596.48 and a 12 month high of $896.98. The stock has a market cap of $48.40 billion, a P/E ratio of 19.13, a P/E/G ratio of 1.54 and a beta of 1.68. 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 company has a 50 day simple moving average of $740.77 and a two-hundred day simple moving average of $769.76.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS 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%. On average, research analysts expect that United Rentals, Inc. will post 44.93 earnings per share for the current year.

United Rentals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a $1.79 dividend. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Wednesday, February 12th. United Rentals’s dividend payout ratio is presently 16.83%.

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.