Gradient Investments LLC Has $21.04 Million Position in United Rentals, Inc. (NYSE:URI)

Gradient Investments LLC lifted its stake in United Rentals, Inc. (NYSE:URI) by 4.9% during the fourth quarter, HoldingsChannel reports. The fund owned 29,869 shares of the construction company’s stock after purchasing an additional 1,385 shares during the quarter. Gradient Investments LLC’s holdings in United Rentals were worth $21,041,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. RFG Advisory LLC grew its holdings in United Rentals by 20.0% during the fourth quarter. RFG Advisory LLC now owns 2,085 shares of the construction company’s stock valued at $1,469,000 after purchasing an additional 348 shares during the last quarter. Secure Asset Management LLC grew its stake in United Rentals by 3.7% in the 4th quarter. Secure Asset Management LLC now owns 529 shares of the construction company’s stock valued at $373,000 after buying an additional 19 shares during the last quarter. Cardinal Capital Management Inc. raised its holdings in United Rentals by 2.1% in the 4th quarter. Cardinal Capital Management Inc. now owns 29,862 shares of the construction company’s stock worth $21,036,000 after acquiring an additional 627 shares during the period. Mutual Advisors LLC acquired a new position in United Rentals during the 4th quarter worth $235,000. Finally, Traynor Capital Management Inc. boosted its holdings in United Rentals by 4.9% during the fourth quarter. Traynor Capital Management Inc. now owns 10,239 shares of the construction company’s stock valued at $7,213,000 after acquiring an additional 479 shares during the period. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the transaction, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Barclays increased their target price on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Bank of America increased their price objective on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Truist Financial reduced their price target 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. Finally, Citigroup dropped their price objective on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $805.08.

United Rentals Price Performance

Shares of United Rentals stock opened at $790.25 on Friday. The stock has a market capitalization of $51.86 billion, a price-to-earnings ratio of 20.64, a P/E/G ratio of 1.73 and a beta of 1.69. The firm’s 50-day moving average price is $771.48 and its two-hundred day moving average price is $765.61. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a 1-year low of $596.48 and a 1-year high of $896.98.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter last year, the company earned $11.73 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. On average, equities analysts predict that United Rentals, Inc. will post 43.43 earnings per share for the current fiscal year.

United Rentals 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.