Mount Yale Investment Advisors LLC Sells 42 Shares of United Rentals, Inc. (NYSE:URI)

Mount Yale Investment Advisors LLC lessened its stake in shares of United Rentals, Inc. (NYSE:URI) by 2.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,670 shares of the construction company’s stock after selling 42 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in United Rentals were worth $1,176,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new position in United Rentals during the fourth quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of United Rentals during the 3rd quarter valued at $31,000. Carmichael Hill & Associates Inc. increased its holdings in shares of United Rentals by 80.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after purchasing an additional 20 shares during the period. HM Payson & Co. purchased a new stake in shares of United Rentals in the third quarter worth $41,000. Finally, Trust Co. of Vermont boosted its stake in United Rentals by 6,000.0% during the third quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock valued at $49,000 after buying an additional 60 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Stock Down 2.5 %

Shares of NYSE:URI opened at $770.13 on Tuesday. The stock has a market capitalization of $50.54 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 1.73 and a beta of 1.69. The stock’s 50-day moving average price is $770.22 and its 200-day moving average price is $768.17. 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 12-month low of $596.48 and a 12-month high of $896.98.

Analysts Set New Price Targets

A number of equities analysts have weighed in on URI shares. Argus upped their target price on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective on the stock in a research report on Tuesday, January 14th. Citigroup dropped their target price on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Bank of America increased 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. Finally, Truist Financial dropped their price objective 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and an average target price of $813.73.

United Rentals Company 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.