Universal Beteiligungs und Servicegesellschaft mbH Lowers Stock Position in United Rentals, Inc. $URI

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in United Rentals, Inc. (NYSE:URI) by 23.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 48,551 shares of the construction company’s stock after selling 15,011 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in United Rentals were worth $46,350,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in URI. Woodline Partners LP increased its stake in United Rentals by 40.0% in the first quarter. Woodline Partners LP now owns 5,518 shares of the construction company’s stock valued at $3,458,000 after acquiring an additional 1,577 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in United Rentals by 56.6% during the second quarter. Farther Finance Advisors LLC now owns 1,345 shares of the construction company’s stock worth $1,013,000 after purchasing an additional 486 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of United Rentals by 7.6% in the 2nd quarter. GAMMA Investing LLC now owns 1,524 shares of the construction company’s stock worth $1,148,000 after purchasing an additional 108 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of United Rentals by 2.8% in the 2nd quarter. Fifth Third Bancorp now owns 3,956 shares of the construction company’s stock worth $2,980,000 after purchasing an additional 106 shares in the last quarter. Finally, Maseco LLP bought a new position in shares of United Rentals during the 2nd quarter valued at about $32,000. Institutional investors own 96.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on URI shares. UBS Group upgraded United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 target price for the company in a research report on Sunday, January 4th. Royal Bank Of Canada set a $1,123.00 price target on shares of United Rentals in a research note on Friday, October 24th. Truist Financial lowered their price objective on shares of United Rentals from $1,169.00 to $1,045.00 and set a “buy” rating for the company in a report on Thursday, December 18th. Robert W. Baird raised shares of United Rentals from a “neutral” rating to an “outperform” rating and increased their target price for the company from $888.00 to $1,050.00 in a report on Wednesday, October 1st. Finally, KeyCorp reiterated an “overweight” rating on shares of United Rentals in a research report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $966.29.

United Rentals Stock Up 3.3%

Shares of NYSE URI opened at $940.42 on Thursday. The firm’s fifty day moving average is $839.31 and its 200 day moving average is $884.15. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $1,021.47. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.40. The company has a market cap of $59.84 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 1.90 and a beta of 1.69.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same period last year, the business earned $11.80 EPS. United Rentals’s revenue was up 5.9% on a year-over-year basis. On average, equities research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

About United Rentals

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.