Creative Planning Buys 959 Shares of United Rentals, Inc. (NYSE:URI)

Creative Planning boosted its position in United Rentals, Inc. (NYSE:URI - Free Report) by 7.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 13,046 shares of the construction company's stock after purchasing an additional 959 shares during the period. Creative Planning's holdings in United Rentals were worth $10,563,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Essex Financial Services Inc. lifted its position in United Rentals by 31.9% during the second quarter. Essex Financial Services Inc. now owns 563 shares of the construction company's stock worth $364,000 after acquiring an additional 136 shares during the last quarter. Forsta AP Fonden boosted its stake in United Rentals by 2.8% in the 1st quarter. Forsta AP Fonden now owns 14,600 shares of the construction company's stock valued at $10,528,000 after purchasing an additional 400 shares during the period. Tidal Investments LLC grew its holdings in United Rentals by 241.2% in the 1st quarter. Tidal Investments LLC now owns 4,859 shares of the construction company's stock valued at $3,504,000 after buying an additional 3,435 shares in the last quarter. BDF Gestion bought a new position in United Rentals during the 2nd quarter worth $2,998,000. Finally, Orion Portfolio Solutions LLC lifted its holdings in shares of United Rentals by 48.1% during the first quarter. Orion Portfolio Solutions LLC now owns 3,129 shares of the construction company's stock worth $2,256,000 after buying an additional 1,016 shares in the last quarter. Institutional investors own 96.26% of the company's stock.

United Rentals Price Performance

United Rentals stock opened at $847.46 on Wednesday. The firm has a market cap of $56.43 billion, a P/E ratio of 22.95, a P/E/G ratio of 1.94 and a beta of 1.68. The stock's 50 day moving average is $766.03 and its 200 day moving average is $705.70. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76. United Rentals, Inc. has a one year low of $387.01 and a one year high of $861.74.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 EPS for the quarter, beating analysts' consensus estimates of $10.48 by $0.22. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.77 billion. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The company's quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $9.88 EPS. As a group, research analysts expect that United Rentals, Inc. will post 44.38 EPS for the current year.

Insider Buying and Selling at United Rentals

In other news, SVP Joli L. Gross sold 360 shares of the business's stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $690.00, for a total value of $248,400.00. Following the transaction, the senior vice president now directly owns 4,090 shares of the company's stock, valued at $2,822,100. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.53% of the company's stock.

Analysts Set New Price Targets

URI has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on shares of United Rentals from $780.00 to $940.00 and gave the company an "overweight" rating in a research note on Monday, September 23rd. Robert W. Baird raised their target price on shares of United Rentals from $565.00 to $650.00 and gave the stock an "underperform" rating in a report on Thursday, October 3rd. Truist Financial boosted their price target on United Rentals from $873.00 to $954.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Evercore ISI raised their price objective on United Rentals from $774.00 to $795.00 and gave the stock an "outperform" rating in a research note on Monday, August 19th. Finally, Citigroup lifted their price objective on United Rentals from $860.00 to $930.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $714.92.

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.