Court Place Advisors LLC Lowers Holdings in United Rentals, Inc. (NYSE:URI)

Court Place Advisors LLC cut its stake in shares of United Rentals, Inc. (NYSE:URI) by 7.1% in the fourth quarter, Holdings Channel reports. The fund owned 28,093 shares of the construction company’s stock after selling 2,131 shares during the period. United Rentals comprises approximately 6.4% of Court Place Advisors LLC’s holdings, making the stock its 2nd biggest position. Court Place Advisors LLC’s holdings in United Rentals were worth $19,790,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nilsine Partners LLC grew its position in United Rentals by 0.7% during the 4th quarter. Nilsine Partners LLC now owns 6,973 shares of the construction company’s stock worth $4,912,000 after acquiring an additional 49 shares during the last quarter. Lebenthal Global Advisors LLC raised its position in United Rentals by 18.4% in the 4th quarter. Lebenthal Global Advisors LLC now owns 2,168 shares of the construction company’s stock valued at $1,527,000 after purchasing an additional 337 shares during the last quarter. Baldwin Wealth Partners LLC MA boosted its stake in United Rentals by 5.8% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 35,609 shares of the construction company’s stock worth $25,085,000 after purchasing an additional 1,948 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of United Rentals by 9.4% during the fourth quarter. Pacer Advisors Inc. now owns 5,385 shares of the construction company’s stock worth $3,793,000 after purchasing an additional 462 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of United Rentals in the fourth quarter valued at $16,253,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Stock Performance

Shares of NYSE:URI opened at $770.13 on Tuesday. The firm’s 50 day simple moving average is $770.22 and its 200 day simple moving average is $768.17. United Rentals, Inc. has a fifty-two week low of $596.48 and a fifty-two week high of $896.98. The company has a market capitalization of $50.54 billion, a price-to-earnings ratio of 20.11, a P/E/G ratio of 1.73 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.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Truist Financial reduced their price target 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. Barclays increased 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. Bank of America boosted their price objective on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Argus increased their price objective on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Citigroup lowered their target price on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $813.73.

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.