Cottonwood Capital Advisors LLC Acquires Shares of 355 United Rentals, Inc. (NYSE:URI)

Cottonwood Capital Advisors LLC bought a new position in United Rentals, Inc. (NYSE:URI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 355 shares of the construction company’s stock, valued at approximately $250,000.

Several other institutional investors and hedge funds have also recently modified their holdings of URI. ORG Wealth Partners LLC purchased a new stake in United Rentals during the 4th quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of United Rentals in the third quarter worth approximately $31,000. Carmichael Hill & Associates Inc. grew its holdings in shares of United Rentals by 80.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after buying an additional 20 shares during the last quarter. HM Payson & Co. bought a new stake in shares of United Rentals during the third quarter valued at approximately $41,000. Finally, Trust Co. of Vermont raised 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 worth $49,000 after acquiring an additional 60 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Performance

NYSE:URI opened at $790.25 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. The stock has a 50-day simple moving average of $771.48 and a two-hundred day simple moving average of $765.61. The firm has a market capitalization of $51.86 billion, a PE ratio of 20.64, a P/E/G ratio of 1.73 and a beta of 1.69. United Rentals, Inc. has a 52-week low of $596.48 and a 52-week high of $896.98.

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 the consensus estimate of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The firm had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the prior year, the company posted $11.73 earnings per share. The company’s revenue was up 6.0% compared to the same quarter last year. Analysts forecast that United Rentals, Inc. will post 43.43 EPS for the current year.

Insider Transactions at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the transaction, the senior vice president now 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. Truist Financial cut their target price on United Rentals from $965.00 to $963.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective for the company in a report on Tuesday, January 14th. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Argus raised their price target on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Bank of America boosted their price objective on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $805.08.

United Rentals 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.