United Rentals, Inc. (NYSE:URI) Stock Holdings Lifted by MBM Wealth Consultants LLC

MBM Wealth Consultants LLC raised its position in shares of United Rentals, Inc. (NYSE:URI) by 0.9% in the fourth quarter, Holdings Channel reports. The firm owned 2,239 shares of the construction company’s stock after buying an additional 21 shares during the period. MBM Wealth Consultants LLC’s holdings in United Rentals were worth $1,545,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in URI. ORG Wealth Partners LLC bought a new position in United Rentals in the 4th quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of United Rentals in the third quarter valued at about $31,000. Carmichael Hill & Associates Inc. increased its stake in shares of 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 purchasing an additional 20 shares during the period. HM Payson & Co. acquired a new position in shares of United Rentals during the 3rd quarter worth about $41,000. Finally, Trust Co. of Vermont lifted its position in shares of United Rentals by 6,000.0% during the 3rd quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock worth $49,000 after purchasing an additional 60 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Performance

Shares of NYSE:URI opened at $789.12 on Wednesday. The business’s fifty day moving average price is $775.13 and its two-hundred day moving average price is $764.26. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. United Rentals, Inc. has a fifty-two week low of $574.09 and a fifty-two week high of $896.98. The stock has a market capitalization of $51.78 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 1.71 and a beta of 1.69.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the firm earned $11.73 earnings per share. United Rentals’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, analysts predict that United Rentals, Inc. will post 43.43 EPS for the current fiscal year.

Analysts Set New Price Targets

URI has been the topic of several recent analyst reports. Barclays lifted their price target on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Bank of America boosted their target price on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target for the company in a report on Tuesday, January 14th. Truist Financial dropped their price objective on shares of United Rentals from $965.00 to $963.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Finally, Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $805.08.

Insider Transactions at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the transaction, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.49% of the stock is owned by company insiders.

United Rentals Company Profile

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.