United Rentals, Inc. (NYSE:URI) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its holdings in shares of United Rentals, Inc. (NYSE:URI) by 23.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,192 shares of the construction company’s stock after acquiring an additional 4,915 shares during the period. Janney Montgomery Scott LLC’s holdings in United Rentals were worth $18,451,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. XTX Topco Ltd acquired a new position in shares of United Rentals in the 2nd quarter valued at approximately $207,000. Sei Investments Co. raised its holdings in United Rentals by 13.7% in the second quarter. Sei Investments Co. now owns 4,981 shares of the construction company’s stock valued at $3,221,000 after acquiring an additional 599 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in United Rentals by 77.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 2,525 shares of the construction company’s stock valued at $1,633,000 after acquiring an additional 1,104 shares during the last quarter. AQR Capital Management LLC grew its holdings in United Rentals by 16.5% during the 2nd quarter. AQR Capital Management LLC now owns 62,876 shares of the construction company’s stock worth $40,664,000 after acquiring an additional 8,926 shares in the last quarter. Finally, Daymark Wealth Partners LLC bought a new stake in shares of United Rentals in the 2nd quarter worth about $993,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on URI shares. Barclays boosted their price objective on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Bank of America upped their price target on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Robert W. Baird raised shares of 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. Citigroup dropped their target price on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Truist Financial decreased their price target on shares of United Rentals from $965.00 to $963.00 and set a “buy” rating for the company in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, United Rentals has a consensus rating of “Moderate Buy” and a consensus price target of $805.08.

United Rentals Stock Performance

Shares of NYSE URI opened at $790.25 on Friday. United Rentals, Inc. has a 12-month low of $596.48 and a 12-month high of $896.98. The company has a market cap of $51.86 billion, a PE ratio of 20.64, a P/E/G ratio of 1.73 and a beta of 1.69. The stock has a 50 day simple moving average of $771.48 and a 200-day simple moving average of $766.58. The company has a current ratio of 0.82, a quick ratio of 0.77 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 (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 business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the company posted $11.73 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that United Rentals, Inc. will post 43.43 EPS for the current year.

Insider Buying and Selling

In other news, SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction that occurred 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.53% of the company’s stock.

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.