Falcon Wealth Planning Buys New Shares in United Rentals, Inc. (NYSE:URI)

Falcon Wealth Planning purchased a new position in United Rentals, Inc. (NYSE:URI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 583 shares of the construction company’s stock, valued at approximately $411,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in URI. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of United Rentals by 11.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company’s stock worth $7,492,000 after purchasing an additional 964 shares during the period. Retireful LLC acquired a new stake in United Rentals during the 3rd quarter worth approximately $697,000. Mizuho Securities USA LLC increased its position in United Rentals by 1,067.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company’s stock worth $48,486,000 after purchasing an additional 54,750 shares in the last quarter. Fiduciary Alliance LLC raised its holdings 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 buying an additional 941 shares during the period. Finally, Nordea Investment Management AB grew its stake in United Rentals by 7.6% during the fourth quarter. Nordea Investment Management AB now owns 732,954 shares of the construction company’s stock worth $517,018,000 after buying an additional 52,037 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on URI shares. Truist Financial cut their target price on shares of United Rentals from $965.00 to $963.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Citigroup cut their price objective on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Bank of America upped their target price on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Barclays boosted their price target on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Finally, Argus increased their price objective 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $813.73.

United Rentals Stock Down 0.4 %

URI stock opened at $766.76 on Wednesday. The company has a market capitalization of $50.31 billion, a P/E ratio of 20.03, a PEG ratio of 1.73 and a beta of 1.69. The firm has a 50 day simple moving average of $769.13 and a 200-day simple moving average of $768.78. 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, Inc. has a twelve month low of $596.48 and a twelve month 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.