Buffington Mohr McNeal Decreases Stock Position in United Rentals, Inc. (NYSE:URI)

Buffington Mohr McNeal trimmed its position in United Rentals, Inc. (NYSE:URIFree Report) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,612 shares of the construction company’s stock after selling 183 shares during the quarter. United Rentals makes up 2.3% of Buffington Mohr McNeal’s investment portfolio, making the stock its 16th largest position. Buffington Mohr McNeal’s holdings in United Rentals were worth $13,815,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of United Rentals by 11.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company’s stock worth $7,492,000 after buying an additional 964 shares during the period. Retireful LLC purchased a new stake in shares of United Rentals in the third quarter valued at $697,000. Mizuho Securities USA LLC lifted its stake in shares of 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 in the last quarter. Fiduciary Alliance LLC raised its position in United Rentals by 196.5% in the fourth 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 during the period. Finally, Nordea Investment Management AB raised its position in shares of United Rentals by 7.6% in the 4th quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company’s stock valued at $517,018,000 after purchasing an additional 52,037 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

URI has been the topic of a number of analyst reports. Argus increased their price objective on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Citigroup lowered their target price on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price for the company in a research report on Tuesday, January 14th. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Truist Financial decreased their target price on United Rentals from $965.00 to $963.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $813.73.

Check Out Our Latest Research Report on URI

United Rentals Price Performance

URI opened at $770.13 on Tuesday. The stock has a market capitalization of $50.54 billion, a P/E ratio of 20.11, a PEG ratio of 1.73 and a beta of 1.69. The stock has a 50-day moving average price of $770.22 and a 200-day moving average price of $768.17. United Rentals, Inc. has a 12-month low of $596.48 and a 12-month high of $896.98. 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 Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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