Cardinal Capital Management Inc. Has $21.04 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

Cardinal Capital Management Inc. lifted its stake in United Rentals, Inc. (NYSE:URI) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,862 shares of the construction company’s stock after acquiring an additional 627 shares during the quarter. Cardinal Capital Management Inc.’s holdings in United Rentals were worth $21,036,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mutual Advisors LLC bought a new stake in shares of United Rentals during the 4th quarter worth approximately $235,000. Traynor Capital Management Inc. raised its position in United Rentals by 4.9% during the fourth quarter. Traynor Capital Management Inc. now owns 10,239 shares of the construction company’s stock worth $7,213,000 after acquiring an additional 479 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in United Rentals by 23.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 26,192 shares of the construction company’s stock valued at $18,451,000 after acquiring an additional 4,915 shares during the last quarter. Westside Investment Management Inc. increased its stake in shares of United Rentals by 0.5% during the 4th quarter. Westside Investment Management Inc. now owns 5,171 shares of the construction company’s stock worth $3,643,000 after purchasing an additional 27 shares during the last quarter. Finally, MBM Wealth Consultants LLC raised its holdings in shares of United Rentals by 0.9% in the 4th quarter. MBM Wealth Consultants LLC now owns 2,239 shares of the construction company’s stock valued at $1,545,000 after purchasing an additional 21 shares during the period. Institutional investors own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Robert W. Baird raised 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. 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. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Truist Financial cut their price target on shares of United Rentals from $965.00 to $963.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Finally, Bank of America lifted their price target on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, United Rentals presently has a consensus rating of “Moderate Buy” and a consensus price target of $805.08.

United Rentals Trading Down 0.7 %

NYSE:URI opened at $783.55 on Thursday. The firm has a fifty day simple moving average of $773.62 and a two-hundred day simple moving average of $764.39. United Rentals, Inc. has a 12 month low of $574.09 and a 12 month high of $896.98. The stock has a market capitalization 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 current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38.

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

Insider Activity at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the transaction, the senior vice president now owns 2,044 shares in the company, valued at $1,682,702.56. The trade was a 30.57 % decrease in their position. 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 insiders.

United Rentals Profile

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.