Boston Common Asset Management LLC Reduces Stake in United Rentals, Inc. $URI

Boston Common Asset Management LLC lowered its stake in shares of United Rentals, Inc. (NYSE:URI) by 30.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,475 shares of the construction company’s stock after selling 2,829 shares during the period. Boston Common Asset Management LLC’s holdings in United Rentals were worth $6,181,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Rogco LP bought a new position in United Rentals during the third quarter valued at $309,000. Stiles Financial Services Inc lifted its position in shares of United Rentals by 12.5% during the 3rd quarter. Stiles Financial Services Inc now owns 1,379 shares of the construction company’s stock valued at $1,317,000 after buying an additional 153 shares during the last quarter. Avidian Wealth Enterprises LLC bought a new position in shares of United Rentals during the 3rd quarter worth $244,000. Rakuten Investment Management Inc. purchased a new stake in United Rentals in the 3rd quarter worth about $59,726,000. Finally, Cornerstone Wealth Group LLC raised its stake in United Rentals by 4.2% in the 3rd quarter. Cornerstone Wealth Group LLC now owns 375 shares of the construction company’s stock valued at $358,000 after acquiring an additional 15 shares during the period. Institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

URI has been the subject of a number of research reports. Wells Fargo & Company began coverage on shares of United Rentals in a research report on Thursday, November 13th. They set an “overweight” rating and a $995.00 target price for the company. KeyCorp reaffirmed an “overweight” rating on shares of United Rentals in a report on Wednesday, December 3rd. Barclays reduced their price objective on shares of United Rentals from $620.00 to $600.00 and set an “underweight” rating for the company in a research note on Monday, October 20th. Citigroup increased their target price on United Rentals from $950.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Finally, UBS Group upgraded United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 price target for the company in a research report on Sunday, January 4th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $966.29.

United Rentals Price Performance

NYSE:URI opened at $940.42 on Thursday. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $1,021.47. The stock has a fifty day moving average of $839.31 and a 200 day moving average of $884.15. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90. The firm has a market capitalization of $59.84 billion, a price-to-earnings ratio of 24.19, a P/E/G ratio of 1.90 and a beta of 1.69.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.16 billion. United Rentals had a return on equity of 31.30% and a net margin of 15.83%.United Rentals’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $11.80 earnings per share. On average, research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

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.