Vanguard Personalized Indexing Management LLC Grows Stock Holdings in United Rentals, Inc. $URI

Vanguard Personalized Indexing Management LLC raised its holdings in United Rentals, Inc. (NYSE:URI) by 4.9% during the third quarter, Holdings Channel reports. The institutional investor owned 11,918 shares of the construction company’s stock after buying an additional 557 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in United Rentals were worth $11,379,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in URI. Norges Bank acquired a new stake in shares of United Rentals in the 2nd quarter valued at about $776,102,000. JPMorgan Chase & Co. boosted its holdings in United Rentals by 71.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,874,127 shares of the construction company’s stock valued at $1,411,968,000 after purchasing an additional 780,322 shares in the last quarter. Boston Partners increased its position in United Rentals by 74.5% during the 2nd quarter. Boston Partners now owns 715,250 shares of the construction company’s stock worth $542,526,000 after purchasing an additional 305,378 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in shares of United Rentals during the 2nd quarter worth approximately $152,069,000. Finally, Lazard Asset Management LLC lifted its holdings in shares of United Rentals by 34,208.2% in the 2nd quarter. Lazard Asset Management LLC now owns 189,038 shares of the construction company’s stock valued at $142,421,000 after buying an additional 188,487 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Trading Down 0.9%

Shares of United Rentals stock opened at $910.90 on Tuesday. The firm has a market cap of $57.96 billion, a PE ratio of 23.43, a P/E/G ratio of 1.91 and a beta of 1.69. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,021.47. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.40. The business’s fifty day moving average is $845.34 and its two-hundred day moving average is $887.44.

Wall Street Analysts Forecast Growth

URI has been the subject of several research analyst reports. Robert W. Baird upgraded United Rentals from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $888.00 to $1,050.00 in a research report on Wednesday, October 1st. Royal Bank Of Canada set a $1,123.00 price target on shares of United Rentals in a report on Friday, October 24th. KeyCorp reissued an “overweight” rating on shares of United Rentals in a report on Wednesday, December 3rd. Truist Financial dropped their target price on shares of United Rentals from $1,169.00 to $1,045.00 and set a “buy” rating for the company in a report on Thursday, December 18th. Finally, Barclays decreased their price target on United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a research note on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $970.76.

United Rentals Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.