Patriot Financial Group Insurance Agency LLC Grows Position in United Rentals, Inc. (NYSE:URI)

Patriot Financial Group Insurance Agency LLC boosted its stake in shares of United Rentals, Inc. (NYSE:URI) by 7.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 807 shares of the construction company’s stock after acquiring an additional 54 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in United Rentals were worth $568,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in URI. International Assets Investment Management LLC raised its position in shares of United Rentals by 82,462.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock worth $1,300,962,000 after buying an additional 1,604,715 shares during the period. JPMorgan Chase & Co. increased its stake in United Rentals by 15.4% during the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock worth $637,968,000 after acquiring an additional 105,287 shares during the last quarter. FMR LLC increased its stake in United Rentals by 3.7% during the third quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock worth $1,956,768,000 after acquiring an additional 85,325 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of United Rentals by 10.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company’s stock worth $570,167,000 after purchasing an additional 66,957 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of United Rentals by 6.1% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on URI. Barclays increased their target price on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Citigroup decreased their price target on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Bank of America lifted their price objective on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target on the stock in a research note on Tuesday, January 14th. Finally, Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and an average price target of $813.73.

United Rentals Stock Down 0.4 %

Shares of NYSE:URI opened at $766.76 on Wednesday. The company’s fifty day moving average is $769.13 and its two-hundred day moving average is $768.78. 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, Inc. has a 1-year low of $596.48 and a 1-year high of $896.98. The stock has a market capitalization of $50.31 billion, a price-to-earnings ratio of 20.03, a price-to-earnings-growth ratio of 1.73 and a beta of 1.69.

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.