Cyndeo Wealth Partners LLC Makes New $1.81 Million Investment in United Rentals, Inc. (NYSE:URI)

Cyndeo Wealth Partners LLC bought a new stake in United Rentals, Inc. (NYSE:URI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,569 shares of the construction company’s stock, valued at approximately $1,810,000.

Other institutional investors also recently modified their holdings of the company. ORG Wealth Partners LLC bought a new position in shares of United Rentals in the fourth quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of United Rentals in the third quarter valued at approximately $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 valued at $36,000 after purchasing an additional 20 shares in the last quarter. HM Payson & Co. acquired a new stake in shares of United Rentals in the third quarter valued at approximately $41,000. Finally, Trust Co. of Vermont increased its holdings in shares of United Rentals by 6,000.0% in the third quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock valued at $49,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on URI. 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 report on Wednesday, November 20th. 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 note on Thursday, October 24th. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Citigroup decreased their target price on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Barclays upped their price target on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and an average target price of $805.08.

United Rentals Price Performance

URI stock opened at $790.25 on Friday. 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 one year low of $596.48 and a one year high of $896.98. The stock has a market cap of $51.86 billion, a PE ratio of 20.64, a P/E/G ratio of 1.73 and a beta of 1.69. The firm has a 50 day simple moving average of $771.48 and a two-hundred day simple moving average of $766.58.

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

Insider Activity at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction 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 transaction, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. The trade was a 30.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is currently owned by company 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.