North Point Portfolio Managers Corp OH Reduces Stock Position in United Rentals, Inc. (NYSE:URI)

North Point Portfolio Managers Corp OH reduced its holdings in shares of United Rentals, Inc. (NYSE:URI) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,077 shares of the construction company’s stock after selling 416 shares during the quarter. United Rentals accounts for about 3.0% of North Point Portfolio Managers Corp OH’s investment portfolio, making the stock its 11th largest holding. North Point Portfolio Managers Corp OH’s holdings in United Rentals were worth $16,961,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. ORG Wealth Partners LLC acquired a new position in United Rentals in the fourth quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of United Rentals during the third quarter worth about $31,000. Carmichael Hill & Associates Inc. increased its holdings in shares of United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after acquiring an additional 20 shares during the period. HM Payson & Co. bought a new stake in United Rentals in the 3rd quarter valued at about $41,000. Finally, Trust Co. of Vermont boosted its stake in United Rentals by 6,000.0% during the 3rd quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock valued at $49,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Stock Up 0.2 %

Shares of NYSE:URI opened at $790.25 on Monday. The firm has a 50 day simple moving average of $771.48 and a 200 day simple moving average of $767.44. United Rentals, Inc. has a 52 week low of $596.48 and a 52 week high of $896.98. 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 company has a market cap of $51.86 billion, a PE ratio of 20.64, a price-to-earnings-growth ratio of 1.73 and a beta of 1.69.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Citigroup cut their price target on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Truist Financial decreased their price target on United Rentals from $965.00 to $963.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Bank of America lifted their price objective on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Argus increased their target price on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and a consensus price target of $813.73.

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.