Citizens Financial Group Inc. RI Sells 207 Shares of United Rentals, Inc. (NYSE:URI)

Citizens Financial Group Inc. RI trimmed its stake in shares of United Rentals, Inc. (NYSE:URI) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 9,211 shares of the construction company’s stock after selling 207 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in United Rentals were worth $5,282,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. OFI Invest Asset Management acquired a new position in shares of United Rentals during the 3rd quarter worth $25,000. AdvisorNet Financial Inc raised its holdings in shares of United Rentals by 71.4% during the 4th quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock worth $28,000 after buying an additional 20 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of United Rentals during the 3rd quarter worth $29,000. Larson Financial Group LLC raised its holdings in shares of United Rentals by 1,525.0% during the 4th quarter. Larson Financial Group LLC now owns 65 shares of the construction company’s stock worth $37,000 after buying an additional 61 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of United Rentals during the 3rd quarter worth $40,000. 96.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on URI shares. The Goldman Sachs Group upped their target price on United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Stifel Nicolaus upped their target price on United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley started coverage on United Rentals in a report on Monday, January 8th. They issued an “equal weight” rating and a $500.00 target price for the company. Truist Financial started coverage on United Rentals in a report on Thursday, March 14th. They issued a “buy” rating and a $793.00 target price for the company. Finally, Barclays upped their target price on United Rentals from $325.00 to $400.00 and gave the stock an “underweight” rating in a report on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $600.57.

United Rentals Trading Down 0.0 %

Shares of URI stock traded down $0.12 on Friday, hitting $690.80. The company had a trading volume of 581,711 shares, compared to its average volume of 538,819. The firm has a market cap of $46.00 billion, a P/E ratio of 18.71, a P/E/G ratio of 2.40 and a beta of 1.84. The stock’s 50-day moving average is $681.18 and its two-hundred day moving average is $578.63. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.75 and a current ratio of 0.89. United Rentals, Inc. has a twelve month low of $325.15 and a twelve month high of $732.37.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, beating the consensus estimate of $8.35 by $0.80. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same quarter in the prior year, the company earned $7.95 EPS. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities research analysts anticipate that United Rentals, Inc. will post 43.13 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $6.52 annualized dividend and a dividend yield of 0.94%. United Rentals’s payout ratio is 17.66%.

United Rentals declared that its Board of Directors has initiated a stock repurchase program on Wednesday, January 24th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the construction company to buy up to 3.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Activity at United Rentals

In related news, CFO William E. Grace sold 775 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $655.62, for a total transaction of $508,105.50. Following the sale, the chief financial officer now owns 6,323 shares in the company, valued at approximately $4,145,485.26. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.53% of the stock is owned by corporate insiders.

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.