Mitsubishi UFJ Trust & Banking Corp Has $28.69 Million Stock Position in United Rentals, Inc. $URI

Mitsubishi UFJ Trust & Banking Corp lessened its position in United Rentals, Inc. (NYSE:URI) by 3.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 30,049 shares of the construction company’s stock after selling 1,059 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in United Rentals were worth $28,687,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. UniSuper Management Pty Ltd raised its position in shares of United Rentals by 9.5% during the third quarter. UniSuper Management Pty Ltd now owns 5,826 shares of the construction company’s stock worth $5,562,000 after purchasing an additional 504 shares during the period. Westfuller Advisors LLC acquired a new position in United Rentals during the third quarter worth $109,000. iA Global Asset Management Inc. raised its holdings in United Rentals by 4.4% during the third quarter. iA Global Asset Management Inc. now owns 20,156 shares of the construction company’s stock worth $19,242,000 after buying an additional 857 shares during the last quarter. BIP Wealth LLC bought a new position in shares of United Rentals in the third quarter valued at $242,000. Finally, Rogco LP acquired a new position in shares of United Rentals during the third quarter valued at about $309,000. Institutional investors own 96.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on URI shares. UBS Group upgraded shares of United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 target price on the stock in a report on Sunday, January 4th. Royal Bank Of Canada set a $1,123.00 price objective on United Rentals in a research note on Friday, October 24th. Weiss Ratings restated a “hold (c+)” rating on shares of United Rentals in a report on Wednesday. Truist Financial cut their target price on United Rentals from $1,169.00 to $1,045.00 and set a “buy” rating on the stock in a research report on Thursday, December 18th. Finally, Barclays lowered their price target on United Rentals from $620.00 to $600.00 and set an “underweight” rating for the company in a research report on Monday, October 20th. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $970.76.

United Rentals Stock Performance

URI 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 PE ratio of 23.59, a P/E/G ratio of 1.91 and a beta of 1.69. The business has a 50 day moving average of $843.26 and a 200-day moving average of $886.80. United Rentals, Inc. has a 12-month low of $525.91 and a 12-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.