Kennedy Investment Group Increases Stock Position in United Rentals, Inc. (NYSE:URI)

Kennedy Investment Group increased its holdings in United Rentals, Inc. (NYSE:URI) by 8.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,302 shares of the construction company’s stock after acquiring an additional 504 shares during the quarter. United Rentals accounts for 2.0% of Kennedy Investment Group’s portfolio, making the stock its 12th largest position. Kennedy Investment Group’s holdings in United Rentals were worth $4,439,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. ORG Wealth Partners LLC bought a new stake in shares of United Rentals during the fourth quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of United Rentals during the third quarter valued at approximately $31,000. Carmichael Hill & Associates Inc. raised its position in shares of United Rentals by 80.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after buying an additional 20 shares during the last quarter. HM Payson & Co. bought a new stake in shares of United Rentals during the third quarter valued at approximately $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 purchasing an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

Shares of NYSE URI opened at $766.76 on Wednesday. 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 stock has a market capitalization of $50.31 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 1.73 and a beta of 1.69. The stock’s fifty day simple moving average is $769.13 and its 200 day simple moving average is $768.78. United Rentals, Inc. has a 52-week low of $596.48 and a 52-week high of $896.98.

Analyst Upgrades and Downgrades

URI has been the subject of a number of recent analyst reports. Citigroup lowered their target price on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Truist Financial reduced their target price 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 upped their price objective 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. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective on the stock in a report on Tuesday, January 14th. Finally, Argus upped their target price on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $813.73.

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.