Hudson Edge Investment Partners Inc. Has $7.64 Million Stock Position in United Rentals, Inc. $URI

Hudson Edge Investment Partners Inc. reduced its stake in United Rentals, Inc. (NYSE:URI) by 25.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,003 shares of the construction company’s stock after selling 2,782 shares during the quarter. United Rentals makes up 1.2% of Hudson Edge Investment Partners Inc.’s investment portfolio, making the stock its 19th largest holding. Hudson Edge Investment Partners Inc.’s holdings in United Rentals were worth $7,640,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in URI. Norges Bank purchased a new stake in shares of United Rentals during the 2nd quarter valued at $776,102,000. JPMorgan Chase & Co. grew its holdings in United Rentals by 71.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,874,127 shares of the construction company’s stock valued at $1,411,968,000 after buying an additional 780,322 shares in the last quarter. Boston Partners boosted its position in shares of United Rentals by 74.5% in the second quarter. Boston Partners now owns 715,250 shares of the construction company’s stock valued at $542,526,000 after acquiring an additional 305,378 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in shares of United Rentals during the 2nd quarter valued at $152,069,000. Finally, Lazard Asset Management LLC increased its stake in United Rentals by 34,208.2% in the 2nd quarter. Lazard Asset Management LLC now owns 189,038 shares of the construction company’s stock worth $142,421,000 after acquiring an additional 188,487 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

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

United Rentals (NYSE:URI) last posted 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). The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.16 billion. United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the business posted $11.80 earnings per share. On average, equities analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on URI. Truist Financial reduced their price objective on United Rentals from $1,169.00 to $1,045.00 and set a “buy” rating on the stock in a research report on Thursday, December 18th. Robert W. Baird upgraded shares of United Rentals from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $888.00 to $1,050.00 in a report on Wednesday, October 1st. Citigroup upped their target price on United Rentals from $950.00 to $1,090.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. KeyCorp reaffirmed an “overweight” rating on shares of United Rentals in a research report on Wednesday, December 3rd. Finally, UBS Group raised shares of United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 target price for the company in a research note on Sunday, January 4th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, United Rentals presently has an average rating of “Moderate Buy” and an average price target of $966.29.

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.