Invesco LLC Decreases Stake in United Rentals, Inc. (NYSE:URI)

Invesco LLC lowered its holdings in United Rentals, Inc. (NYSE:URI) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,281 shares of the construction company’s stock after selling 16 shares during the quarter. Invesco LLC’s holdings in United Rentals were worth $902,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. grew its holdings in United Rentals by 11.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company’s stock valued at $7,492,000 after purchasing an additional 964 shares during the last quarter. Retireful LLC purchased a new stake in United Rentals during the 3rd quarter worth about $697,000. Mizuho Securities USA LLC raised its stake in United Rentals by 1,067.5% in the 3rd quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company’s stock valued at $48,486,000 after purchasing an additional 54,750 shares during the last quarter. Fiduciary Alliance LLC lifted its holdings in United Rentals by 196.5% in the 4th quarter. Fiduciary Alliance LLC now owns 1,420 shares of the construction company’s stock valued at $1,000,000 after purchasing an additional 941 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of United Rentals by 7.6% during the 4th quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company’s stock worth $517,018,000 after purchasing an additional 52,037 shares during the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on URI shares. Bank of America boosted their target price 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. Truist Financial lowered their price objective 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. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a report on Tuesday, January 14th. Argus upped their price target on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $813.73.

United Rentals Price Performance

Shares of NYSE:URI traded down $1.05 on Wednesday, reaching $765.91. 49,285 shares of the company traded hands, compared to its average volume of 667,075. 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 stock has a market capitalization of $50.26 billion, a PE ratio of 20.00, a P/E/G ratio of 1.73 and a beta of 1.69. The company’s 50 day moving average is $769.13 and its 200-day moving average is $768.78. United Rentals, Inc. has a fifty-two week low of $596.48 and a fifty-two week high of $896.98.

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.