Intellectus Partners LLC has taken a new stake in
United Rentals, Inc. (URI), a development mirrored by several other firms such as
Mizuho Securities USA LLC and
Jag Capital Management LLC investing significant holdings in the URI stock. The shares are performing well with soaring trends noted on multiple occasions along with positive investment activity being robust. However, URI stock has underperformed compared to competitors on some days but consistently outperforming them on other days. Despite some minor losses, the company reported Q3 earnings in line with expectations, though missing some estimates in certain metrics leading to a slight dip in stock performance. Numerous asset management companies, including
Impax Asset Management Group plc and
Venturi Wealth Management LLC, have sold shares in URI. Going forward, analysts suggest strong value and momentum for URI, with stable Q3 earnings projections. Still, some insider activity signals potential financial caution as URI executives sold stocks worth US$11m. Despite these factors, URI's market growth seems promising with the company hitting fresh highs, earning rating upgrades, and analysts stressing on its growth prospects. Finally,
Citi notably raised its United Rentals' target to an outstanding $955 maintaining a buy rating.
United Rentals URI News Analytics from Mon, 08 Apr 2024 07:00:00 GMT to Sat, 16 Nov 2024 14:37:37 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 3
