United Rentals, Inc. (NYSE:URI) Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH reduced its position in United Rentals, Inc. (NYSE:URI) by 24.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 642 shares of the construction company’s stock after selling 206 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in United Rentals were worth $452,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of URI. International Assets Investment Management LLC lifted its holdings in shares of United Rentals by 82,462.2% during the third quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock worth $1,300,962,000 after purchasing an additional 1,604,715 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of United Rentals by 15.4% during the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock worth $637,968,000 after purchasing an additional 105,287 shares during the period. FMR LLC lifted its holdings in shares of United Rentals by 3.7% during the third 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 lifted its holdings in shares of United Rentals by 10.5% during the third quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company’s stock worth $570,167,000 after purchasing an additional 66,957 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of United Rentals by 6.1% during the third 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 period. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction that occurred 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 directly owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.53% of the company’s stock.

United Rentals Stock Up 0.7 %

NYSE URI opened at $787.68 on Friday. The stock has a market cap of $51.69 billion, a PE ratio of 20.57, a P/E/G ratio of 1.75 and a beta of 1.69. United Rentals, Inc. has a fifty-two week low of $576.25 and a fifty-two week high of $896.98. The business has a 50 day moving average price of $772.38 and a two-hundred day moving average price of $764.55. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share 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 company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the business posted $11.73 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts predict that United Rentals, Inc. will post 43.43 EPS for the current fiscal year.

Analysts Set New Price Targets

URI has been the subject of several recent research reports. Bank of America increased their price target on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Barclays boosted their target price on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Truist Financial decreased their target price on shares of United Rentals from $965.00 to $963.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a research report on Tuesday, January 14th. Finally, Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a research 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 given a buy rating to the company’s stock. According to MarketBeat.com, United Rentals presently has a consensus rating of “Moderate Buy” and a consensus price target of $805.08.

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.