Citizens Financial Group Inc. RI Sells 172 Shares of United Rentals, Inc. (NYSE:URI)

Citizens Financial Group Inc. RI cut its stake in United Rentals, Inc. (NYSE:URI) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,745 shares of the construction company’s stock after selling 172 shares during the period. Citizens Financial Group Inc. RI’s holdings in United Rentals were worth $9,682,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Paragon Private Wealth Management LLC raised its stake in shares of United Rentals by 13.7% during the fourth quarter. Paragon Private Wealth Management LLC now owns 986 shares of the construction company’s stock worth $695,000 after buying an additional 119 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of United Rentals by 18.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 25,051 shares of the construction company’s stock worth $17,647,000 after buying an additional 3,968 shares during the last quarter. Simplicity Wealth LLC bought a new stake in shares of United Rentals during the fourth quarter worth approximately $294,000. SLT Holdings LLC bought a new stake in shares of United Rentals during the fourth quarter worth approximately $434,000. Finally, Pettee Investors Inc. raised its stake in shares of United Rentals by 0.7% during the fourth quarter. Pettee Investors Inc. now owns 5,662 shares of the construction company’s stock worth $3,989,000 after buying an additional 41 shares during the last quarter. 96.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO William E. Grace sold 1,100 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the transaction, the chief financial officer now owns 6,880 shares in the company, valued at approximately $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

URI has been the subject of a number of recent research reports. Argus boosted their price target on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Truist Financial reissued a “buy” rating and set a $956.00 price target (down from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective for the company in a report on Tuesday, January 14th. Finally, Morgan Stanley decreased their price objective on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and an average price target of $829.00.

United Rentals Stock Down 4.5 %

United Rentals stock opened at $600.34 on Tuesday. The stock has a market capitalization of $39.21 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a twelve month low of $585.27 and a twelve month high of $896.98. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The company has a 50 day moving average of $709.06 and a 200-day moving average of $764.37.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. On average, equities research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a dividend of $1.79 per share. This is a boost from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 annualized dividend and a yield of 1.19%. United Rentals’s dividend payout ratio is presently 18.48%.

United Rentals Company 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.