Patrick M Sweeney & Associates Inc. Decreases Stake in United Rentals, Inc. (NYSE:URI)

Patrick M Sweeney & Associates Inc. cut its holdings in United Rentals, Inc. (NYSE:URI) by 1.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,125 shares of the construction company’s stock after selling 19 shares during the quarter. Patrick M Sweeney & Associates Inc.’s holdings in United Rentals were worth $792,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mayflower Financial Advisors LLC increased its stake in United Rentals by 4.0% during the third quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock worth $274,000 after acquiring an additional 13 shares during the last quarter. First County Bank CT raised its holdings in shares of United Rentals by 3.2% in the 3rd quarter. First County Bank CT now owns 422 shares of the construction company’s stock worth $342,000 after purchasing an additional 13 shares during the period. Allen Capital Group LLC raised its holdings in shares of United Rentals by 4.2% in the 3rd quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock worth $262,000 after purchasing an additional 13 shares during the period. IAM Advisory LLC raised its holdings in shares of United Rentals by 1.6% in the 3rd quarter. IAM Advisory LLC now owns 900 shares of the construction company’s stock worth $729,000 after purchasing an additional 14 shares during the period. Finally, CVA Family Office LLC raised its holdings in United Rentals by 1.7% in the third quarter. CVA Family Office LLC now owns 844 shares of the construction company’s stock valued at $683,000 after buying an additional 14 shares during the period. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on URI. Citigroup reduced their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Barclays lifted their price target on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target on the stock in a research report on Tuesday, January 14th. Bank of America lifted their price target on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $813.73.

United Rentals Trading Down 2.5 %

NYSE URI opened at $770.13 on Tuesday. The stock has a market cap of $50.54 billion, a P/E ratio of 20.11, a PEG ratio of 1.73 and a beta of 1.69. The company’s fifty day simple moving average is $770.22 and its 200-day simple moving average is $768.17. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a 52 week low of $596.48 and a 52 week high of $896.98.

United Rentals Company 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.