AEGON ASSET MANAGEMENT UK Plc Reduces Stake in United Rentals, Inc. $URI

AEGON ASSET MANAGEMENT UK Plc lessened its position in shares of United Rentals, Inc. (NYSE:URI) by 14.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 53,857 shares of the construction company’s stock after selling 9,147 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned 0.08% of United Rentals worth $51,453,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Woodline Partners LP lifted its stake in shares of United Rentals by 40.0% in the 1st quarter. Woodline Partners LP now owns 5,518 shares of the construction company’s stock worth $3,458,000 after purchasing an additional 1,577 shares during the period. Congress Asset Management Co. raised its position in United Rentals by 2.0% in the second quarter. Congress Asset Management Co. now owns 3,568 shares of the construction company’s stock worth $2,688,000 after acquiring an additional 70 shares during the period. Patton Fund Management Inc. purchased a new position in shares of United Rentals during the 2nd quarter worth $261,000. Old Port Advisors purchased a new position in shares of United Rentals during the 2nd quarter worth $232,000. Finally, RBA Wealth Management LLC boosted its stake in shares of United Rentals by 3.7% during the 2nd quarter. RBA Wealth Management LLC now owns 7,093 shares of the construction company’s stock worth $5,344,000 after acquiring an additional 251 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. KeyCorp reaffirmed an “overweight” rating on shares of United Rentals in a report on Wednesday, December 3rd. Truist Financial reduced their price target on 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of United Rentals in a research note on Wednesday. Wells Fargo & Company lifted their price objective on United Rentals from $995.00 to $1,071.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Robert W. Baird raised shares of United Rentals from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $888.00 to $1,050.00 in a report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $970.76.

United Rentals Stock Performance

NYSE URI opened at $917.28 on Monday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47. The business has a 50 day simple moving average of $843.26 and a two-hundred day simple moving average of $886.80. The stock has a market capitalization of $58.37 billion, a PE ratio of 23.59, a P/E/G ratio of 1.91 and a beta of 1.69.

About United Rentals

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.