United Rentals, Inc. $URI Stock Holdings Lessened by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. significantly decreased its holdings in United Rentals, Inc. by 89.6%, selling 3,249 shares and now owning only 377 shares valued at approximately $284,000.
• Analysts have varied opinions on United Rentals; Truist Financial raised its price target to $1,194.00 and rated it "buy," while BNP Paribas set a neutral rating with a $900.00 target.
• United Rentals recently reported a quarterly EPS of $10.47, missing estimates, but achieved a revenue of $3.94 billion, reflecting a 4.5% year-over-year increase.

Atria Wealth Solutions Inc. reduced its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 89.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 377 shares of the construction company's stock after selling 3,249 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in United Rentals were worth $284,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC lifted its position in United Rentals by 29.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,844 shares of the construction company's stock valued at $1,389,000 after purchasing an additional 424 shares during the last quarter. Griffin Asset Management Inc. bought a new stake in United Rentals in the 2nd quarter valued at about $1,708,000. Hazlett Burt & Watson Inc. lifted its position in United Rentals by 79.6% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 404 shares of the construction company's stock valued at $306,000 after purchasing an additional 179 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in United Rentals by 2.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,362 shares of the construction company's stock valued at $2,603,000 after purchasing an additional 88 shares during the last quarter. Finally, Mitchell Capital Management Co. lifted its position in United Rentals by 22.6% in the 2nd quarter. Mitchell Capital Management Co. now owns 8,353 shares of the construction company's stock valued at $6,750,000 after purchasing an additional 1,540 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Truist Financial lifted their price objective on shares of United Rentals from $952.00 to $1,194.00 and gave the company a "buy" rating in a research report on Wednesday, October 8th. BNP Paribas set a $900.00 price objective on shares of United Rentals and gave the company a "neutral" rating in a research report on Tuesday, September 16th. Morgan Stanley boosted their price target on shares of United Rentals from $702.00 to $955.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. BNP Paribas Exane upgraded shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $900.00 price target on the stock in a research report on Tuesday, September 16th. Finally, Baird R W upgraded shares of United Rentals from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $954.88.

United Rentals Stock Up 0.3%

URI stock opened at $1,003.76 on Wednesday. The firm's 50-day moving average is $955.24 and its two-hundred day moving average is $804.00. The company has a market capitalization of $64.58 billion, a price-to-earnings ratio of 25.96, a price-to-earnings-growth ratio of 2.31 and a beta of 1.73. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $1,021.47.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.54 by ($0.07). The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $10.70 EPS. On average, analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

About United Rentals

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.

Want to see what other hedge funds are holding URI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Rentals, Inc. (NYSE:URI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.