Symphony Financial Ltd. Co. Has $317,000 Stake in United Rentals, Inc. $URI

Symphony Financial Ltd. Co. reduced its stake in shares of United Rentals, Inc. (NYSE:URI) by 90.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 324 shares of the construction company’s stock after selling 2,945 shares during the period. Symphony Financial Ltd. Co.’s holdings in United Rentals were worth $317,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. bought a new stake in United Rentals in the 2nd quarter worth about $152,069,000. North Growth Management Ltd. lifted its position in shares of United Rentals by 22.2% during the 3rd quarter. North Growth Management Ltd. now owns 11,000 shares of the construction company’s stock worth $10,189,000 after buying an additional 2,000 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of United Rentals in the 2nd quarter worth approximately $298,000. Vise Technologies Inc. bought a new position in shares of United Rentals in the second quarter valued at approximately $7,514,000. Finally, HB Wealth Management LLC grew its holdings in shares of United Rentals by 37.2% in the third quarter. HB Wealth Management LLC now owns 6,608 shares of the construction company’s stock valued at $6,308,000 after acquiring an additional 1,790 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

Analyst Ratings Changes

URI has been the topic of several research analyst reports. Citigroup boosted their price objective on United Rentals from $950.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. KeyCorp reiterated an “overweight” rating on shares of United Rentals in a research note on Wednesday, December 3rd. UBS Group upgraded shares of United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 price target for the company in a research report on Sunday, January 4th. Barclays lowered their price objective on shares of United Rentals from $620.00 to $600.00 and set an “underweight” rating on the stock in a research report on Monday, October 20th. Finally, Royal Bank Of Canada set a $1,123.00 target price on shares of United Rentals in a research report on Friday, October 24th. Two investment 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 company’s stock. According to data from MarketBeat.com, United Rentals currently has a consensus rating of “Moderate Buy” and an average price target of $970.76.

United Rentals Trading Down 4.1%

Shares of United Rentals stock opened at $917.28 on Friday. The stock has a market capitalization 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. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week 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 stock’s 50-day simple moving average is $843.26 and its 200 day simple moving average is $886.23.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.16 billion. During the same quarter in the previous year, the business earned $11.80 EPS. United Rentals’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current 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.