Court Place Advisors LLC Has $19.79 Million Holdings in United Rentals, Inc. (NYSE:URI)

Court Place Advisors LLC lessened its holdings in shares of United Rentals, Inc. (NYSE:URI) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,093 shares of the construction company’s stock after selling 2,131 shares during the quarter. United Rentals makes up approximately 6.4% of Court Place Advisors LLC’s portfolio, making the stock its 2nd largest holding. Court Place Advisors LLC’s holdings in United Rentals were worth $19,790,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC increased its holdings in shares of United Rentals by 3.7% during the 3rd quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock valued at $1,956,768,000 after acquiring an additional 85,325 shares during the last quarter. International Assets Investment Management LLC grew its holdings in United Rentals by 82,462.2% during the third quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock valued at $1,300,962,000 after purchasing an additional 1,604,715 shares during the last quarter. Geode Capital Management LLC raised its position in shares of United Rentals by 0.6% in the third quarter. Geode Capital Management LLC now owns 1,566,802 shares of the construction company’s stock valued at $1,264,326,000 after purchasing an additional 9,256 shares during the period. Franklin Resources Inc. raised its position in shares of United Rentals by 6.1% in the third quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company’s stock valued at $862,110,000 after purchasing an additional 57,002 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of United Rentals by 15.4% in the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock worth $637,968,000 after buying an additional 105,287 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

URI has been the topic of several recent analyst reports. Bank of America lifted their target price on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Truist Financial dropped 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. Citigroup decreased their target price on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Argus lifted their price target on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. One equities research 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’s stock. According to MarketBeat.com, United Rentals has an average rating of “Moderate Buy” and a consensus price target of $813.73.

United Rentals Trading Down 2.5 %

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

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.