GHP Investment Advisors Inc. Acquires 767 Shares of United Rentals, Inc. $URI

GHP Investment Advisors Inc. boosted its holdings in United Rentals, Inc. (NYSE:URI) by 4.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,129 shares of the construction company’s stock after purchasing an additional 767 shares during the quarter. GHP Investment Advisors Inc.’s holdings in United Rentals were worth $17,307,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of URI. Woodline Partners LP boosted its position in shares of United Rentals by 40.0% during the 1st quarter. Woodline Partners LP now owns 5,518 shares of the construction company’s stock worth $3,458,000 after purchasing an additional 1,577 shares in the last quarter. Fifth Third Bancorp boosted its holdings in United Rentals by 2.8% in the second quarter. Fifth Third Bancorp now owns 3,956 shares of the construction company’s stock worth $2,980,000 after acquiring an additional 106 shares in the last quarter. Ballentine Partners LLC increased its holdings in shares of United Rentals by 20.1% during the second quarter. Ballentine Partners LLC now owns 1,565 shares of the construction company’s stock valued at $1,179,000 after acquiring an additional 262 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of United Rentals by 33.4% during the second quarter. Public Employees Retirement System of Ohio now owns 29,514 shares of the construction company’s stock worth $22,236,000 after purchasing an additional 7,394 shares during the period. Finally, Mather Group LLC. lifted its holdings in shares of United Rentals by 9.6% in the 2nd quarter. Mather Group LLC. now owns 1,180 shares of the construction company’s stock worth $889,000 after purchasing an additional 103 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Price Performance

URI opened at $917.28 on Friday. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,021.47. The firm has a 50-day moving average of $843.26 and a 200 day moving average of $885.58. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90. The firm has a market cap of $58.37 billion, a P/E ratio of 23.59, a PEG ratio of 1.99 and a beta of 1.69.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. KeyCorp reaffirmed an “overweight” rating on shares of United Rentals in a research note on Wednesday, December 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of United Rentals in a report on Wednesday. Robert W. Baird raised United Rentals from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $888.00 to $1,050.00 in a research report on Wednesday, October 1st. Wells Fargo & Company raised their price objective on United Rentals from $995.00 to $1,071.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Citigroup increased their target price on shares of United Rentals from $950.00 to $1,090.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $970.76.

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.