Inspire Investing LLC Cuts Stock Position in United Rentals, Inc. (NYSE:URI)

Inspire Investing LLC lessened its holdings in United Rentals, Inc. (NYSE:URI) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,191 shares of the construction company’s stock after selling 17 shares during the period. Inspire Investing LLC’s holdings in United Rentals were worth $4,361,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in shares of United Rentals in the 4th quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of United Rentals in the 3rd quarter valued at $31,000. Carmichael Hill & Associates Inc. raised its stake in shares of United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after acquiring an additional 20 shares during the period. HM Payson & Co. purchased a new position in shares of United Rentals in the 3rd quarter valued at $41,000. Finally, Trust Co. of Vermont raised its stake in shares of United Rentals by 6,000.0% in the 3rd quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock valued at $49,000 after acquiring an additional 60 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analysts Set New Price Targets

URI has been the subject of a number of recent analyst reports. Truist Financial lowered their price target on shares of United Rentals from $965.00 to $963.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Bank of America raised their price target on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Barclays raised their price target on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a report on Friday, October 25th. 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. Finally, Citigroup lowered their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $805.08.

Insider Activity

In other news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction dated Monday, October 28th. The shares were 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 approximately $1,682,702.56. The trade was a 30.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.53% of the company’s stock.

United Rentals Price Performance

Shares of URI stock opened at $783.55 on Thursday. The firm has a market cap of $51.42 billion, a P/E ratio of 20.46, a P/E/G ratio of 1.75 and a beta of 1.69. 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 1-year low of $574.09 and a 1-year high of $896.98. The firm has a fifty day moving average of $773.62 and a two-hundred day moving average of $764.39.

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

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.