United Rentals, Inc. (NYSE:URI) Shares Purchased by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA lifted its position in United Rentals, Inc. (NYSE:URI) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,609 shares of the construction company’s stock after purchasing an additional 1,948 shares during the period. United Rentals comprises about 1.7% of Baldwin Wealth Partners LLC MA’s portfolio, making the stock its 13th biggest holding. Baldwin Wealth Partners LLC MA owned about 0.05% of United Rentals worth $25,085,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Mayflower Financial Advisors LLC grew its holdings in shares of United Rentals by 4.0% in the third quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock valued at $274,000 after purchasing an additional 13 shares during the period. Allen Capital Group LLC grew its holdings in shares of United Rentals by 4.2% in the third quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock valued at $262,000 after purchasing an additional 13 shares during the period. First County Bank CT grew its holdings in shares of United Rentals by 3.2% in the third quarter. First County Bank CT now owns 422 shares of the construction company’s stock valued at $342,000 after purchasing an additional 13 shares during the period. IAM Advisory LLC grew its holdings in shares of United Rentals by 1.6% in the third quarter. IAM Advisory LLC now owns 900 shares of the construction company’s stock valued at $729,000 after purchasing an additional 14 shares during the period. Finally, CVA Family Office LLC boosted its stake in United Rentals by 1.7% during the third quarter. CVA Family Office LLC now owns 844 shares of the construction company’s stock worth $683,000 after buying an additional 14 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Performance

Shares of URI opened at $769.33 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The firm has a market cap of $50.48 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 1.73 and a beta of 1.69. The company’s 50 day simple moving average is $771.48 and its 200-day simple moving average is $767.44. United Rentals, Inc. has a 12-month low of $596.48 and a 12-month high of $896.98.

Analysts Set New Price Targets

URI has been the subject of several research analyst reports. Barclays increased their target price on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note 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 objective for the company in a research note on Tuesday, January 14th. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Argus raised their target price on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Bank of America raised their target price 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine 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 $813.73.

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.