United Rentals, Inc. (NYSE:URI) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its holdings in United Rentals, Inc. (NYSE:URI) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,960 shares of the construction company’s stock after acquiring an additional 231 shares during the quarter. Nisa Investment Advisors LLC’s holdings in United Rentals were worth $14,765,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in URI. ORG Wealth Partners LLC acquired a new stake in United Rentals during the fourth quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of United Rentals during the 3rd quarter valued at $31,000. Carmichael Hill & Associates Inc. boosted its stake in shares of United Rentals by 80.0% during 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 in the last quarter. HM Payson & Co. acquired a new position in shares of United Rentals in the 3rd quarter worth $41,000. Finally, Trust Co. of Vermont raised its position in shares of United Rentals by 6,000.0% during the third quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock worth $49,000 after purchasing an additional 60 shares during the period. Institutional investors own 96.26% of the company’s stock.

United Rentals Trading Down 0.7 %

Shares of NYSE URI opened at $783.55 on Thursday. The business has a 50 day simple moving average of $773.62 and a 200 day simple moving average of $764.39. United Rentals, Inc. has a 52 week low of $574.09 and a 52 week high of $896.98. The stock has a market cap of $51.42 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 1.75 and a beta of 1.69. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $11.73 earnings per share. On average, research analysts predict that United Rentals, Inc. will post 43.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was 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 owns 2,044 shares of the company’s stock, valued at $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on URI. Citigroup dropped their price target 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. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Truist Financial lowered their price objective on shares of United Rentals from $965.00 to $963.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Bank of America increased their target price on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Argus raised their target price on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $805.08.

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.