Partners Capital Investment Group LLP Invests $4.79 Million in United Rentals, Inc. $URI

Partners Capital Investment Group LLP purchased a new position in shares of United Rentals, Inc. (NYSE:URI) in the third quarter, according to its most recent filing with the SEC. The firm purchased 5,022 shares of the construction company’s stock, valued at approximately $4,794,000.

Other hedge funds have also recently made changes to their positions in the company. Optas LLC grew its stake in United Rentals by 0.9% during the third quarter. Optas LLC now owns 1,174 shares of the construction company’s stock worth $1,121,000 after purchasing an additional 10 shares during the period. CreativeOne Wealth LLC boosted its holdings in shares of United Rentals by 0.5% during the 2nd quarter. CreativeOne Wealth LLC now owns 2,283 shares of the construction company’s stock worth $1,720,000 after buying an additional 11 shares in the last quarter. OFI Invest Asset Management grew its position in shares of United Rentals by 6.7% during the 3rd quarter. OFI Invest Asset Management now owns 175 shares of the construction company’s stock worth $167,000 after buying an additional 11 shares during the period. Great Valley Advisor Group Inc. grew its position in shares of United Rentals by 2.9% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock worth $292,000 after buying an additional 11 shares during the period. Finally, Bank of Jackson Hole Trust increased its stake in shares of United Rentals by 12.0% in the 2nd quarter. Bank of Jackson Hole Trust now owns 112 shares of the construction company’s stock valued at $84,000 after acquiring an additional 12 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

United Rentals Trading Down 4.1%

Shares of United Rentals stock opened at $917.28 on Friday. The firm has a market cap of $58.37 billion, a PE ratio of 23.59, a P/E/G ratio of 1.91 and a beta of 1.69. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,021.47. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84. The stock has a fifty day moving average price of $843.26 and a 200-day moving average price of $886.23.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share 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 company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the previous year, the company posted $11.80 EPS. United Rentals’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on URI. Citigroup increased their target price on shares of United Rentals from $950.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of United Rentals in a report on Wednesday. Wells Fargo & Company increased their price objective on shares of United Rentals from $995.00 to $1,071.00 and gave the stock an “overweight” rating in a research report on Friday. KeyCorp reaffirmed an “overweight” rating on shares of United Rentals in a research report on Wednesday, December 3rd. Finally, Barclays dropped their price target on United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a research note on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $970.76.

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.