United Rentals, Inc. $URI Position Cut by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its holdings in United Rentals, Inc. (NYSE:URI) by 17.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,516 shares of the construction company’s stock after selling 1,784 shares during the quarter. Teacher Retirement System of Texas’ holdings in United Rentals were worth $8,130,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in URI. iA Global Asset Management Inc. increased its holdings in shares of United Rentals by 4.4% during the third quarter. iA Global Asset Management Inc. now owns 20,156 shares of the construction company’s stock valued at $19,242,000 after purchasing an additional 857 shares during the period. BIP Wealth LLC bought a new position in United Rentals in the 3rd quarter valued at about $242,000. Rogco LP acquired a new position in United Rentals during the 3rd quarter valued at about $309,000. Stiles Financial Services Inc increased its stake in 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 period. Finally, Avidian Wealth Enterprises LLC bought a new stake in shares of United Rentals during the 3rd quarter worth about $244,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of URI opened at $917.28 on Monday. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week 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 company has a market capitalization of $58.37 billion, a price-to-earnings ratio of 23.59, a P/E/G ratio of 1.91 and a beta of 1.69. The business’s 50-day moving average is $843.26 and its 200-day moving average is $886.80.

Analysts Set New Price Targets

A number of research analysts recently commented on URI shares. UBS Group upgraded shares of United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 price objective on the stock in a research note on Sunday, January 4th. KeyCorp reaffirmed an “overweight” rating on shares of United Rentals in a research note on Wednesday, December 3rd. Wells Fargo & Company boosted their price objective on United Rentals from $995.00 to $1,071.00 and gave the stock an “overweight” rating in a research note on Friday. Truist Financial cut their price objective on United Rentals from $1,169.00 to $1,045.00 and set a “buy” rating for the company in a report on Thursday, December 18th. Finally, Barclays lowered their target price on United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a report on Monday, October 20th. Two investment 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $970.76.

About United Rentals

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.