Creative Planning Increases Holdings in United Rentals, Inc. (NYSE:URI)

Creative Planning raised its stake in shares of United Rentals, Inc. (NYSE:URI) by 7.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,046 shares of the construction company’s stock after buying an additional 959 shares during the quarter. Creative Planning’s holdings in United Rentals were worth $10,563,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Essex Financial Services Inc. raised its stake in United Rentals by 31.9% during the second quarter. Essex Financial Services Inc. now owns 563 shares of the construction company’s stock valued at $364,000 after buying an additional 136 shares during the last quarter. Forsta AP Fonden raised its stake in United Rentals by 2.8% during the first quarter. Forsta AP Fonden now owns 14,600 shares of the construction company’s stock valued at $10,528,000 after buying an additional 400 shares during the last quarter. Tidal Investments LLC raised its stake in United Rentals by 241.2% during the first quarter. Tidal Investments LLC now owns 4,859 shares of the construction company’s stock valued at $3,504,000 after buying an additional 3,435 shares during the last quarter. BDF Gestion purchased a new position in shares of United Rentals in the second quarter worth $2,998,000. Finally, Orion Portfolio Solutions LLC raised its stake in shares of United Rentals by 48.1% in the first quarter. Orion Portfolio Solutions LLC now owns 3,129 shares of the construction company’s stock worth $2,256,000 after purchasing an additional 1,016 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $690.00, for a total transaction of $248,400.00. Following the completion of the sale, the senior vice president now owns 4,090 shares of the company’s stock, valued at approximately $2,822,100. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.53% of the stock is currently owned by corporate insiders.

United Rentals Stock Performance

Shares of URI opened at $847.46 on Wednesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76. United Rentals, Inc. has a one year low of $387.01 and a one year high of $861.74. The firm has a market capitalization of $56.43 billion, a P/E ratio of 22.95, a PEG ratio of 1.94 and a beta of 1.68. The business has a fifty day moving average of $763.14 and a 200 day moving average of $704.71.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.48 by $0.22. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the previous year, the company posted $9.88 earnings per share. United Rentals’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 44.38 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on URI shares. Robert W. Baird boosted their price target on United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group boosted their price target on United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Citigroup boosted their price target on United Rentals from $860.00 to $930.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price target on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Finally, Raymond James started coverage on United Rentals in a research note on Friday, June 28th. They issued an “outperform” rating and a $750.00 price target for the company. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $714.92.

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.