Alpha Cubed Investments LLC Grows Stock Holdings in United Rentals, Inc. (NYSE:URI)

Alpha Cubed Investments LLC grew its position in United Rentals, Inc. (NYSE:URI) by 6.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 547 shares of the construction company’s stock after buying an additional 32 shares during the period. Alpha Cubed Investments LLC’s holdings in United Rentals were worth $385,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new stake in United Rentals in the fourth quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of United Rentals during the 3rd quarter valued at $31,000. Carmichael Hill & Associates Inc. lifted its holdings 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 valued at $36,000 after purchasing an additional 20 shares during the last quarter. HM Payson & Co. acquired a new stake in shares of United Rentals in the 3rd quarter worth $41,000. Finally, Trust Co. of Vermont grew its stake in United Rentals by 6,000.0% during the 3rd quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock worth $49,000 after buying an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the sale, the senior vice president now owns 2,044 shares of the company’s stock, valued at $1,682,702.56. This trade represents a 30.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.49% of the stock is currently owned by corporate insiders.

United Rentals Trading Up 2.3 %

NYSE URI opened at $789.12 on Wednesday. The company has a fifty day moving average of $775.13 and a 200 day moving average of $764.26. The company has a market capitalization of $51.78 billion, a PE ratio of 20.61, a P/E/G ratio of 1.71 and a beta of 1.69. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. United Rentals, Inc. has a 1 year low of $574.09 and a 1 year high of $896.98.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The company had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $11.73 EPS. Research analysts forecast that United Rentals, Inc. will post 43.43 earnings per share for the current year.

Wall Street Analyst Weigh In

URI has been the subject of a number of research analyst reports. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Truist Financial decreased 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 report on Thursday, January 16th. Argus lifted their target price on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Barclays upped their price target on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Finally, Bank of America raised their price target on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.