Point View Wealth Management Inc. acquired a new position in United Rentals, Inc. (NYSE:URI) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,550 shares of the construction company’s stock, valued at approximately $364,000.

Several other institutional investors have also recently modified their holdings of URI. Paradigm Asset Management Co. LLC acquired a new position in shares of United Rentals during the 3rd quarter worth about $49,000. Clarus Wealth Advisors purchased a new stake in United Rentals during the 4th quarter valued at about $62,000. CWM LLC grew its stake in United Rentals by 653.0% during the 4th quarter. CWM LLC now owns 625 shares of the construction company’s stock valued at $64,000 after acquiring an additional 542 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in United Rentals during the 3rd quarter valued at about $106,000. Finally, Belpointe Asset Management LLC purchased a new stake in United Rentals during the 3rd quarter valued at about $124,000. Institutional investors and hedge funds own 96.88% of the company’s stock.

United Rentals stock opened at $132.83 on Tuesday. United Rentals, Inc. has a 1-year low of $94.28 and a 1-year high of $190.74. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.83 and a quick ratio of 0.78. The company has a market capitalization of $10.73 billion, a PE ratio of 8.17, a PEG ratio of 0.39 and a beta of 2.51.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, January 23rd. The construction company reported $4.85 earnings per share for the quarter, beating the consensus estimate of $4.77 by $0.08. United Rentals had a net margin of 13.62% and a return on equity of 41.91%. The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the prior year, the company posted $3.34 EPS. The business’s revenue for the quarter was up 20.0% on a year-over-year basis. As a group, equities analysts forecast that United Rentals, Inc. will post 19.31 earnings per share for the current fiscal year.

In other news, EVP Craig Adam Pintoff sold 7,343 shares of the company’s stock in a transaction that occurred on Friday, January 25th. The shares were sold at an average price of $125.66, for a total value of $922,721.38. Following the transaction, the executive vice president now directly owns 18,720 shares in the company, valued at approximately $2,352,355.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Shiv Singh acquired 390 shares of the firm’s stock in a transaction dated Monday, January 28th. The stock was bought at an average price of $124.72 per share, for a total transaction of $48,640.80. Following the completion of the acquisition, the director now owns 2,803 shares in the company, valued at approximately $349,590.16. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company’s stock.

Several analysts recently issued reports on URI shares. Argus raised shares of United Rentals from a “hold” rating to a “buy” rating in a research note on Monday, October 22nd. UBS Group set a $180.00 price objective on shares of United Rentals and gave the company a “buy” rating in a research note on Thursday, November 15th. Standpoint Research started coverage on shares of United Rentals in a research note on Tuesday, October 23rd. They set a “buy” rating and a $140.00 price objective for the company. Zacks Investment Research cut shares of United Rentals from a “buy” rating to a “hold” rating in a research note on Friday, January 11th. Finally, Morgan Stanley dropped their price objective on shares of United Rentals from $190.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, October 31st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $157.09.

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About United Rentals

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.

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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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