GHP Investment Advisors Inc. Buys 767 Shares of United Rentals, Inc. $URI

GHP Investment Advisors Inc. increased its stake in United Rentals, Inc. (NYSE:URI) by 4.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,129 shares of the construction company’s stock after purchasing an additional 767 shares during the period. GHP Investment Advisors Inc.’s holdings in United Rentals were worth $17,307,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UniSuper Management Pty Ltd raised its position in shares of United Rentals by 9.5% in the 3rd quarter. UniSuper Management Pty Ltd now owns 5,826 shares of the construction company’s stock valued at $5,562,000 after buying an additional 504 shares in the last quarter. Westfuller Advisors LLC bought a new position in United Rentals in the third quarter valued at approximately $109,000. iA Global Asset Management Inc. increased its stake in United Rentals by 4.4% in the third quarter. iA Global Asset Management Inc. now owns 20,156 shares of the construction company’s stock valued at $19,242,000 after acquiring an additional 857 shares during the last quarter. BIP Wealth LLC acquired a new position in United Rentals during the third quarter valued at approximately $242,000. Finally, Rogco LP bought a new stake in United Rentals during the third quarter worth $309,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of NYSE:URI opened at $917.28 on Friday. 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 52 week low of $525.91 and a 52 week high of $1,021.47. The firm has a market cap of $58.37 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 1.99 and a beta of 1.69. The firm’s fifty day moving average is $843.26 and its 200-day moving average is $885.58.

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

Analyst Ratings Changes

URI has been the subject of a number of research analyst reports. Royal Bank Of Canada set a $1,123.00 price target on United Rentals in a report on Friday, October 24th. UBS Group raised 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. Citigroup raised their price target 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. Truist Financial lowered their price objective 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. Finally, KeyCorp restated an “overweight” rating on shares of United Rentals in a research report on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $970.76.

United Rentals 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.