Invesco LLC Sells 16 Shares of United Rentals, Inc. (NYSE:URI)

Invesco LLC decreased its holdings in United Rentals, Inc. (NYSE:URI) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,281 shares of the construction company’s stock after selling 16 shares during the period. Invesco LLC’s holdings in United Rentals were worth $902,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. International Assets Investment Management LLC lifted its holdings in shares of United Rentals by 82,462.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock worth $1,300,962,000 after buying an additional 1,604,715 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of United Rentals by 15.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock valued at $637,968,000 after purchasing an additional 105,287 shares in the last quarter. FMR LLC lifted its position in shares of United Rentals by 3.7% in the 3rd quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock worth $1,956,768,000 after purchasing an additional 85,325 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of United Rentals by 10.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company’s stock valued at $570,167,000 after acquiring an additional 66,957 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of United Rentals by 6.1% during the 3rd quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company’s stock worth $862,110,000 after purchasing an additional 57,002 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on URI. Barclays boosted their price target on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Truist Financial decreased 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. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Argus raised their target price on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target on the stock in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and an average price target of $813.73.

United Rentals Trading Down 0.1 %

Shares of NYSE:URI traded down $1.05 during mid-day trading on Wednesday, reaching $765.91. 49,285 shares of the company were exchanged, compared to its average volume of 667,075. The firm has a market cap of $50.26 billion, a price-to-earnings ratio of 20.00, a P/E/G ratio of 1.73 and a beta of 1.69. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. United Rentals, Inc. has a 1 year low of $596.48 and a 1 year high of $896.98. The firm’s 50-day simple moving average is $769.13 and its 200 day simple moving average is $768.78.

About United Rentals

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.