Westside Investment Management Inc. Grows Position in United Rentals, Inc. (NYSE:URI)

Westside Investment Management Inc. grew its stake in shares of United Rentals, Inc. (NYSE:URI) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,171 shares of the construction company’s stock after buying an additional 27 shares during the period. Westside Investment Management Inc.’s holdings in United Rentals were worth $3,643,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of URI. XTX Topco Ltd purchased a new stake in United Rentals during the second quarter valued at about $207,000. AE Wealth Management LLC grew its position in United Rentals by 10.9% during the second quarter. AE Wealth Management LLC now owns 1,005 shares of the construction company’s stock valued at $650,000 after acquiring an additional 99 shares during the period. Sei Investments Co. grew its position in United Rentals by 13.7% during the second quarter. Sei Investments Co. now owns 4,981 shares of the construction company’s stock valued at $3,221,000 after acquiring an additional 599 shares during the period. Summit Trail Advisors LLC grew its position in United Rentals by 11.7% during the second quarter. Summit Trail Advisors LLC now owns 747 shares of the construction company’s stock valued at $483,000 after acquiring an additional 78 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in United Rentals by 240.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,511 shares of the construction company’s stock valued at $1,624,000 after acquiring an additional 1,774 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Trading Down 1.0 %

NYSE URI opened at $781.12 on Wednesday. United Rentals, Inc. has a 1-year low of $574.09 and a 1-year high of $896.98. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $51.26 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 1.71 and a beta of 1.69. The firm’s fifty day simple moving average is $775.13 and its 200-day simple moving average is $764.26.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $11.73 earnings per share. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 43.43 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Anthony S. Leopold sold 900 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the sale, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. This trade represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

URI has been the topic of a number of recent research reports. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective on the stock in a research note on Tuesday, January 14th. Citigroup reduced their price objective on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Argus boosted their price objective on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Truist Financial reduced their price objective on United Rentals from $965.00 to $963.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $805.08.

United Rentals Profile

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.