Partners Capital Investment Group LLP Buys New Holdings in United Rentals, Inc. $URI

Partners Capital Investment Group LLP purchased a new position in shares of United Rentals, Inc. (NYSE:URI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,022 shares of the construction company’s stock, valued at approximately $4,794,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. acquired a new position in shares of United Rentals in the second quarter valued at $152,069,000. North Growth Management Ltd. boosted its holdings in shares of United Rentals by 22.2% during the 3rd quarter. North Growth Management Ltd. now owns 11,000 shares of the construction company’s stock worth $10,189,000 after buying an additional 2,000 shares during the period. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of United Rentals during the 2nd quarter worth about $298,000. Vise Technologies Inc. acquired a new position in United Rentals in the 2nd quarter valued at about $7,514,000. Finally, HB Wealth Management LLC raised its holdings in United Rentals by 37.2% in the 3rd quarter. HB Wealth Management LLC now owns 6,608 shares of the construction company’s stock valued at $6,308,000 after acquiring an additional 1,790 shares during the period. Institutional investors own 96.26% of the company’s stock.

Analysts Set New Price Targets

URI has been the subject of a number of research analyst reports. Truist Financial dropped their target price on 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. UBS Group raised shares of United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 price target on the stock in a research report on Sunday, January 4th. KeyCorp reiterated an “overweight” rating on shares of United Rentals in a research note on Wednesday, December 3rd. Robert W. Baird upgraded shares of United Rentals from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $888.00 to $1,050.00 in a research report on Wednesday, October 1st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of United Rentals in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $970.76.

United Rentals Price Performance

Shares of NYSE:URI opened at $917.28 on Friday. United Rentals, Inc. has a one year low of $525.91 and a one year high of $1,021.47. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84. 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. The firm has a 50 day simple moving average of $843.26 and a 200 day simple moving average of $886.23.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 EPS 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 firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same period in the previous year, the business posted $11.80 earnings per share. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. Research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

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.