National Wealth Management Group LLC Invests $639,000 in United Rentals, Inc. $URI

National Wealth Management Group LLC purchased a new position in United Rentals, Inc. (NYSE:URI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 669 shares of the construction company’s stock, valued at approximately $639,000.

Several other large investors also recently added to or reduced their stakes in URI. Salomon & Ludwin LLC raised its stake 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 buying an additional 26 shares during the period. Cedar Mountain Advisors LLC purchased a new stake in United Rentals in the 3rd quarter worth $32,000. Loomis Sayles & Co. L P bought a new stake in United Rentals in the 2nd quarter worth approximately $28,000. Steigerwald Gordon & Koch Inc. bought a new stake in United Rentals in the third quarter worth $40,000. Finally, Frazier Financial Advisors LLC raised its position in shares of United Rentals by 250.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 42 shares of the construction company’s stock valued at $40,000 after buying an additional 30 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of United Rentals from $995.00 to $1,071.00 and gave the company an “overweight” rating in a research report on Friday. UBS Group raised shares of United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 price objective for the company in a research note on Sunday, January 4th. Citigroup upped their target price on United Rentals from $950.00 to $1,090.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of United Rentals in a report on Wednesday. Finally, Royal Bank Of Canada set a $1,123.00 price objective on United Rentals in a report on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $970.76.

United Rentals Stock Down 4.1%

United Rentals stock opened at $917.28 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.40. The firm has a market cap of $58.37 billion, a P/E ratio of 23.59, a P/E/G ratio of 1.91 and a beta of 1.69. The business has a fifty day moving average of $843.26 and a two-hundred day moving average of $886.80. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $1,021.47.

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.