United Rentals, Inc. (NYSE:URI) Stake Boosted by Secure Asset Management LLC

Secure Asset Management LLC increased its holdings in United Rentals, Inc. (NYSE:URI) by 3.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 529 shares of the construction company’s stock after buying an additional 19 shares during the period. Secure Asset Management LLC’s holdings in United Rentals were worth $373,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. ORG Wealth Partners LLC bought a new position in shares of United Rentals during the fourth quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in United Rentals during the 3rd quarter valued at approximately $31,000. Carmichael Hill & Associates Inc. grew its stake in United Rentals by 80.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after buying an additional 20 shares during the last quarter. HM Payson & Co. acquired a new stake in United Rentals in the third quarter worth $41,000. Finally, Trust Co. of Vermont increased its position in United Rentals by 6,000.0% in the third quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock worth $49,000 after buying an additional 60 shares during the period. Institutional investors own 96.26% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on URI. Barclays upped their price target on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Argus boosted their target price on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target on the stock in a research note on Tuesday, January 14th. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Truist Financial decreased their price objective on United Rentals from $965.00 to $963.00 and set a “buy” rating for the company in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $805.08.

Insider Buying and Selling at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction on Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the transaction, the senior vice president now directly owns 2,044 shares in the company, valued at $1,682,702.56. The trade was a 30.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.53% of the stock is owned by corporate insiders.

United Rentals Price Performance

NYSE:URI opened at $790.25 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. The business’s 50-day moving average price is $771.48 and its 200 day moving average price is $765.61. United Rentals, Inc. has a 52-week low of $596.48 and a 52-week high of $896.98. The firm has a market cap of $51.86 billion, a P/E ratio of 20.64, a PEG ratio of 1.73 and a beta of 1.69.

United Rentals (NYSE:URI) last released its 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). The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $11.73 earnings per share. As a group, sell-side analysts predict that United Rentals, Inc. will post 43.43 earnings per share for the current fiscal year.

About United Rentals

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.