United Rentals, Inc. $URI Shares Sold by Quilter Plc

Quilter Plc lessened its stake in United Rentals, Inc. (NYSE:URI) by 6.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 106,011 shares of the construction company’s stock after selling 7,469 shares during the period. United Rentals comprises approximately 1.7% of Quilter Plc’s investment portfolio, making the stock its 21st largest holding. Quilter Plc’s holdings in United Rentals were worth $101,204,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Optas LLC boosted its holdings in United Rentals by 0.9% during the third quarter. Optas LLC now owns 1,174 shares of the construction company’s stock worth $1,121,000 after buying an additional 10 shares in the last quarter. CreativeOne Wealth LLC boosted its stake in shares of United Rentals by 0.5% during the 2nd quarter. CreativeOne Wealth LLC now owns 2,283 shares of the construction company’s stock worth $1,720,000 after acquiring an additional 11 shares in the last quarter. OFI Invest Asset Management grew its position in shares of United Rentals by 6.7% during the 3rd quarter. OFI Invest Asset Management now owns 175 shares of the construction company’s stock valued at $167,000 after acquiring an additional 11 shares during the period. Great Valley Advisor Group Inc. increased its stake in shares of United Rentals by 2.9% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock valued at $292,000 after purchasing an additional 11 shares in the last quarter. Finally, Bank of Jackson Hole Trust raised its holdings in United Rentals by 12.0% in the 2nd quarter. Bank of Jackson Hole Trust now owns 112 shares of the construction company’s stock worth $84,000 after purchasing an additional 12 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Stock Down 4.1%

URI stock opened at $917.28 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40. The firm has a 50-day moving average of $843.26 and a two-hundred day moving average of $886.23. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $1,021.47. The company has a market cap of $58.37 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 1.91 and a beta of 1.69.

United Rentals (NYSE:URI) last issued its 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 company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same period last year, the business earned $11.80 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. As a group, analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on URI shares. Citigroup boosted their price target on shares of United Rentals from $950.00 to $1,090.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Weiss Ratings restated a “hold (c+)” rating on shares of United Rentals in a research report on Wednesday. Wells Fargo & Company raised their price target on shares of United Rentals from $995.00 to $1,071.00 and gave the company an “overweight” rating in a research note on Friday. Barclays cut their price objective on United Rentals from $620.00 to $600.00 and set an “underweight” rating for the company in a research note on Monday, October 20th. Finally, KeyCorp restated an “overweight” rating on shares of United Rentals in a research report on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $970.76.

United Rentals Profile

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.