Daymark Wealth Partners LLC Has $1.03 Million Stock Position in United Rentals, Inc. (NYSE:URI)

Daymark Wealth Partners LLC lowered its position in United Rentals, Inc. (NYSE:URI) by 8.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,459 shares of the construction company’s stock after selling 132 shares during the quarter. Daymark Wealth Partners LLC’s holdings in United Rentals were worth $1,028,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. ORG Wealth Partners LLC bought a new position in shares of United Rentals during the 4th quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of United Rentals during the third quarter worth approximately $31,000. Carmichael Hill & Associates Inc. lifted its holdings in 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 purchasing an additional 20 shares during the last quarter. HM Payson & Co. bought a new stake in United Rentals in the 3rd quarter valued at $41,000. Finally, Trust Co. of Vermont grew its holdings in United Rentals by 6,000.0% in the 3rd quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock valued at $49,000 after buying an additional 60 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on URI shares. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a report on Tuesday, January 14th. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Barclays raised their price target on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Argus upped their price target on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Citigroup lowered their price objective on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, United Rentals has an average rating of “Moderate Buy” and a consensus target price of $805.08.

United Rentals Stock Up 0.7 %

Shares of NYSE:URI opened at $787.68 on Friday. United Rentals, Inc. has a 1 year low of $576.25 and a 1 year high of $896.98. The business has a fifty day moving average price of $772.38 and a two-hundred day moving average price of $764.55. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The company has a market capitalization of $51.69 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 1.75 and a beta of 1.69.

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

Insiders Place Their Bets

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the sale, the senior vice president now owns 2,044 shares in the company, valued at $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.53% of the company’s stock.

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.