Universal Beteiligungs und Servicegesellschaft mbH Decreases Position in United Rentals, Inc. $URI

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in United Rentals, Inc. (NYSE:URI) by 23.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,551 shares of the construction company’s stock after selling 15,011 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of United Rentals worth $46,350,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Salomon & Ludwin LLC increased its position in United Rentals by 650.0% in the third quarter. Salomon & Ludwin LLC now owns 30 shares of the construction company’s stock worth $29,000 after buying an additional 26 shares during the last quarter. Cedar Mountain Advisors LLC bought a new position in shares of United Rentals during the 3rd quarter worth $32,000. Loomis Sayles & Co. L P bought a new position in shares of United Rentals during the 2nd quarter worth $28,000. Maseco LLP purchased a new stake in United Rentals in the 2nd quarter worth about $32,000. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in United Rentals in the 3rd quarter valued at about $40,000. 96.26% of the stock is owned by institutional investors.

United Rentals Trading Up 3.3%

United Rentals stock opened at $940.42 on Thursday. 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 fifty-two week low of $525.91 and a fifty-two week high of $1,021.47. The stock has a market cap of $59.84 billion, a P/E ratio of 24.19, a PEG ratio of 1.90 and a beta of 1.69. The firm’s fifty day moving average price is $839.31 and its 200-day moving average price is $884.15.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.43 by ($0.73). United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same period in the prior year, the business posted $11.80 EPS. United Rentals’s quarterly revenue was up 5.9% on a year-over-year basis. Equities research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on URI. Truist Financial cut their target price on shares of United Rentals from $1,169.00 to $1,045.00 and set a “buy” rating for the company in a research report on Thursday, December 18th. Robert W. Baird raised shares of United Rentals from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $888.00 to $1,050.00 in a report on Wednesday, October 1st. Citigroup lifted their price objective on shares of United Rentals from $950.00 to $1,090.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Barclays lowered their target price on shares of United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a report on Monday, October 20th. Finally, UBS Group upgraded United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 target price on the stock in a research report on Sunday, January 4th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $966.29.

United Rentals Company Profile

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.