Boston Common Asset Management LLC Sells 2,829 Shares of United Rentals, Inc. $URI

Boston Common Asset Management LLC reduced its stake in United Rentals, Inc. (NYSE:URI) by 30.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,475 shares of the construction company’s stock after selling 2,829 shares during the period. Boston Common Asset Management LLC’s holdings in United Rentals were worth $6,181,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in URI. Loomis Sayles & Co. L P bought a new stake in United Rentals in the 2nd quarter valued at about $28,000. Salomon & Ludwin LLC boosted its holdings in United Rentals by 650.0% in the third quarter. Salomon & Ludwin LLC now owns 30 shares of the construction company’s stock worth $29,000 after acquiring an additional 26 shares in the last quarter. Maseco LLP acquired a new stake in United Rentals in the second quarter valued at approximately $32,000. Cedar Mountain Advisors LLC acquired a new position in shares of United Rentals during the third quarter worth approximately $32,000. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of United Rentals during the second quarter worth approximately $38,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on URI. Truist Financial reduced their price target on shares of United Rentals from $1,169.00 to $1,045.00 and set a “buy” rating for the company in a research report on Thursday, December 18th. Royal Bank Of Canada set a $1,123.00 price objective on shares of United Rentals in a report on Friday, October 24th. KeyCorp reissued an “overweight” rating on shares of United Rentals in a research report on Wednesday, December 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of United Rentals in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company assumed coverage on United Rentals in a research note on Thursday, November 13th. They set an “overweight” rating and a $995.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $966.29.

United Rentals Price Performance

Shares of NYSE URI opened at $940.42 on Thursday. The company has a market capitalization of $59.84 billion, a PE ratio of 24.19, a PEG ratio of 1.90 and a beta of 1.69. 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 stock’s 50 day moving average price is $839.31 and its 200-day moving average price is $884.15. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $1,021.47.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 EPS for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.16 billion. United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The business’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $11.80 earnings per share. On average, equities analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

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.