United Rentals, Inc. (NYSE:URI) Shares Acquired by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI boosted its stake in United Rentals, Inc. (NYSE:URI) by 0.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 13,917 shares of the construction company’s stock after acquiring an additional 20 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in United Rentals were worth $11,269,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mayflower Financial Advisors LLC raised its holdings in United Rentals by 4.0% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock valued at $274,000 after buying an additional 13 shares during the period. Ameritas Advisory Services LLC raised its holdings in shares of United Rentals by 3.8% in the 2nd quarter. Ameritas Advisory Services LLC now owns 378 shares of the construction company’s stock valued at $244,000 after buying an additional 14 shares during the period. Duncker Streett & Co. Inc. lifted its stake in United Rentals by 0.3% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company’s stock worth $3,461,000 after acquiring an additional 14 shares in the last quarter. IAM Advisory LLC boosted its holdings in United Rentals by 1.6% during the 3rd quarter. IAM Advisory LLC now owns 900 shares of the construction company’s stock valued at $729,000 after acquiring an additional 14 shares during the period. Finally, CVA Family Office LLC grew its position in United Rentals by 1.7% in the 3rd quarter. CVA Family Office LLC now owns 844 shares of the construction company’s stock valued at $683,000 after acquiring an additional 14 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Barclays upped their target price on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Truist Financial lifted their target price on United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a report on Friday, October 25th. Evercore ISI upped their price target on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Bank of America lifted their price objective on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Robert W. Baird upped their target price on shares of United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research note on Thursday, October 3rd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $751.67.

Insiders Place Their Bets

In related news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the sale, the senior vice president now directly owns 2,044 shares in the company, valued at $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.53% of the stock is owned by insiders.

United Rentals Stock Down 0.1 %

URI opened at $820.25 on Thursday. The stock has a market capitalization of $53.82 billion, a P/E ratio of 21.42, a price-to-earnings-growth ratio of 1.93 and a beta of 1.68. 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 one year low of $454.71 and a one year high of $896.98. The business’s 50-day simple moving average is $814.46 and its 200-day simple moving average is $729.65.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The business had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the previous year, the business posted $11.73 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts anticipate that United Rentals, Inc. will post 43.46 EPS for the current year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a $1.63 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a yield of 0.79%. United Rentals’s dividend payout ratio (DPR) is 17.03%.

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.