Union Bancaire Privee UBP SA Acquires New Stake in United Rentals, Inc. (NYSE:URI)

Union Bancaire Privee UBP SA bought a new position in shares of United Rentals, Inc. (NYSE:URI) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 24,044 shares of the construction company’s stock, valued at approximately $16,253,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Mayflower Financial Advisors LLC lifted its stake in shares of United Rentals by 4.0% in the third quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock worth $274,000 after acquiring an additional 13 shares during the period. Allen Capital Group LLC increased its holdings in United Rentals by 4.2% in the third quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock worth $262,000 after purchasing an additional 13 shares in the last quarter. First County Bank CT grew its position in shares of United Rentals by 3.2% during the 3rd quarter. First County Bank CT now owns 422 shares of the construction company’s stock worth $342,000 after buying an additional 13 shares during the period. IAM Advisory LLC increased its stake in shares of United Rentals by 1.6% in the 3rd quarter. IAM Advisory LLC now owns 900 shares of the construction company’s stock valued at $729,000 after acquiring an additional 14 shares in the last quarter. Finally, CVA Family Office LLC increased its stake in shares of United Rentals by 1.7% in the 3rd quarter. CVA Family Office LLC now owns 844 shares of the construction company’s stock valued at $683,000 after acquiring an additional 14 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 0.2 %

Shares of NYSE:URI opened at $790.25 on Monday. United Rentals, Inc. has a 1 year low of $596.48 and a 1 year high of $896.98. 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 business has a fifty day moving average price of $771.48 and a two-hundred day moving average price of $767.44. The company has a market capitalization 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

Several equities research analysts have weighed in on the stock. 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 research note on Thursday, January 16th. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Barclays upped their target price on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Argus boosted their price target on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, 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 report on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, United Rentals presently has a consensus rating of “Moderate Buy” and a consensus target price of $813.73.

About United Rentals

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.