Patrick M Sweeney & Associates Inc. Decreases Stake in United Rentals, Inc. (NYSE:URI)

Patrick M Sweeney & Associates Inc. lessened its stake in United Rentals, Inc. (NYSE:URI) by 1.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,125 shares of the construction company’s stock after selling 19 shares during the quarter. Patrick M Sweeney & Associates Inc.’s holdings in United Rentals were worth $792,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in shares of United Rentals in the 4th quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of United Rentals during the 3rd quarter worth about $31,000. Carmichael Hill & Associates Inc. raised its position in shares of United Rentals by 80.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after acquiring an additional 20 shares in the last quarter. HM Payson & Co. acquired a new stake in shares of United Rentals during the 3rd quarter worth about $41,000. Finally, Trust Co. of Vermont raised its position in shares of United Rentals by 6,000.0% during the 3rd quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock worth $49,000 after acquiring an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Trading Down 2.5 %

Shares of URI stock opened at $770.13 on Tuesday. The business’s 50 day moving average is $770.22 and its two-hundred day moving average is $768.17. United Rentals, Inc. has a twelve month low of $596.48 and a twelve month high of $896.98. The company has a market capitalization of $50.54 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 1.73 and a beta of 1.69. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on URI shares. Argus raised their target price on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Barclays raised their target price on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Robert W. Baird raised United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target on the stock in a research report on Tuesday, January 14th. Finally, Bank of America lifted their price target on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.