United Rentals, Inc. $URI Stock Position Decreased by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp trimmed its stake in United Rentals, Inc. (NYSE:URI) by 6.1% during the third quarter, HoldingsChannel.com reports. The fund owned 14,463 shares of the construction company’s stock after selling 936 shares during the period. United Rentals makes up approximately 0.8% of UNIVEST FINANCIAL Corp’s holdings, making the stock its 29th biggest position. UNIVEST FINANCIAL Corp’s holdings in United Rentals were worth $13,808,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Loomis Sayles & Co. L P acquired a new stake in United Rentals during the 2nd quarter worth about $28,000. Salomon & Ludwin LLC increased its position in shares of 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 shares of United Rentals during the second quarter valued at approximately $32,000. Cedar Mountain Advisors LLC purchased a new stake in shares of United Rentals in the 3rd quarter valued at approximately $32,000. Finally, Trust Co. of Toledo NA OH acquired a new stake in United Rentals during the 2nd quarter valued at $38,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Stock Up 1.8%

URI opened at $956.88 on Friday. The company has a market capitalization of $60.89 billion, a PE ratio of 24.61, a price-to-earnings-growth ratio of 1.96 and a beta of 1.69. 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 fifty-two week low of $525.91 and a fifty-two week high of $1,021.47. The business has a 50-day moving average of $841.58 and a 200-day moving average of $884.65.

United Rentals (NYSE:URI) last released its quarterly earnings data 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 firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.16 billion. United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $11.80 EPS. Equities research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on URI. Barclays decreased their target price on United Rentals from $620.00 to $600.00 and set an “underweight” rating for the company in a research report on Monday, October 20th. Royal Bank Of Canada set a $1,123.00 price objective on United Rentals in a research note on Friday, October 24th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $1,071.00 target price on shares of United Rentals in a research note on Friday. Citigroup upped their target price on United Rentals from $950.00 to $1,090.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Finally, KeyCorp restated an “overweight” rating on shares of United Rentals in a report on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $970.76.

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.