Buffington Mohr McNeal Reduces Position in United Rentals, Inc. (NYSE:URI)

Buffington Mohr McNeal trimmed its position in United Rentals, Inc. (NYSE:URI) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,612 shares of the construction company’s stock after selling 183 shares during the quarter. United Rentals accounts for approximately 2.3% of Buffington Mohr McNeal’s holdings, making the stock its 16th biggest holding. Buffington Mohr McNeal’s holdings in United Rentals were worth $13,815,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC purchased a new stake in shares of United Rentals in the 4th quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in United Rentals in the third quarter worth about $31,000. Carmichael Hill & Associates Inc. lifted its holdings in 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 buying an additional 20 shares during the period. HM Payson & Co. bought a new stake in United Rentals during the 3rd quarter valued at approximately $41,000. Finally, Trust Co. of Vermont grew its holdings in shares of 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 acquiring an additional 60 shares during the period. 96.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Truist Financial dropped their price target on United Rentals from $965.00 to $963.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Citigroup decreased their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Barclays boosted their price objective on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Finally, Bank of America lifted their target price on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $813.73.

United Rentals Trading Down 2.5 %

United Rentals stock opened at $770.13 on Tuesday. The stock has a market capitalization of $50.54 billion, a PE ratio of 20.11, a price-to-earnings-growth 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. The business’s fifty day moving average is $770.22 and its 200 day moving average is $768.17. United Rentals, Inc. has a one year low of $596.48 and a one year 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.