Whittier Trust Co. of Nevada Inc. Buys 986 Shares of United Rentals, Inc. $URI

Whittier Trust Co. of Nevada Inc. lifted its stake in United Rentals, Inc. (NYSE:URI) by 4.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,324 shares of the construction company’s stock after purchasing an additional 986 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in United Rentals were worth $24,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of United Rentals by 1.0% during the second quarter. Vanguard Group Inc. now owns 7,494,303 shares of the construction company’s stock valued at $5,646,208,000 after purchasing an additional 72,267 shares in the last quarter. JPMorgan Chase & Co. increased its position in United Rentals by 71.3% in the second quarter. JPMorgan Chase & Co. now owns 1,874,127 shares of the construction company’s stock worth $1,411,968,000 after buying an additional 780,322 shares in the last quarter. Franklin Resources Inc. lifted its holdings in United Rentals by 6.1% during the second quarter. Franklin Resources Inc. now owns 1,231,108 shares of the construction company’s stock valued at $927,517,000 after purchasing an additional 70,870 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of United Rentals by 3.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,030,232 shares of the construction company’s stock valued at $776,177,000 after buying an additional 36,991 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of United Rentals in the second quarter valued at about $776,102,000. 96.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

URI has been the subject of a number of research reports. Barclays dropped their target price on shares of United Rentals from $620.00 to $600.00 and set an “underweight” rating for the company in a research report on Monday, October 20th. UBS Group upgraded United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 target price for the company in a report on Sunday, January 4th. KeyCorp reissued an “overweight” rating on shares of United Rentals in a research report on Wednesday, December 3rd. Citigroup increased their target price on United Rentals from $950.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Finally, Robert W. Baird raised shares of United Rentals from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $888.00 to $1,050.00 in a research report on Wednesday, October 1st. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, United Rentals has a consensus rating of “Moderate Buy” and an average target price of $970.76.

United Rentals Stock Performance

URI stock opened at $917.28 on Friday. The firm has a market cap of $58.37 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 1.91 and a beta of 1.69. United Rentals, Inc. has a one year low of $525.91 and a one year high of $1,021.47. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90. The firm has a 50-day simple moving average of $843.26 and a two-hundred day simple moving average of $886.23.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same period in the previous year, the company posted $11.80 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

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.