United Rentals, Inc. $URI Stock Holdings Decreased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its position in shares of United Rentals, Inc. (NYSE:URIFree Report) by 1.8% during the fourth quarter, Holdings Channel reports. The fund owned 58,757 shares of the construction company’s stock after selling 1,047 shares during the quarter. PNC Financial Services Group Inc.’s holdings in United Rentals were worth $47,553,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Capital International Investors grew its position in United Rentals by 22.8% during the 3rd quarter. Capital International Investors now owns 3,402,524 shares of the construction company’s stock worth $3,247,762,000 after purchasing an additional 631,484 shares in the last quarter. TD Asset Management Inc lifted its holdings in shares of United Rentals by 66.5% in the third quarter. TD Asset Management Inc now owns 484,450 shares of the construction company’s stock valued at $462,485,000 after purchasing an additional 193,416 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of United Rentals by 3,459.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 196,688 shares of the construction company’s stock valued at $159,184,000 after purchasing an additional 191,162 shares in the last quarter. Capital World Investors boosted its position in shares of United Rentals by 6.7% in the third quarter. Capital World Investors now owns 2,678,614 shares of the construction company’s stock worth $2,557,158,000 after buying an additional 168,685 shares during the period. Finally, Public Sector Pension Investment Board grew its holdings in shares of United Rentals by 3,094.3% during the third quarter. Public Sector Pension Investment Board now owns 155,273 shares of the construction company’s stock valued at $148,233,000 after buying an additional 150,412 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 306 shares of United Rentals stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $954.99, for a total value of $292,226.94. Following the completion of the sale, the senior vice president directly owned 5,738 shares in the company, valued at $5,479,732.62. The trade was a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Andrew B. Limoges sold 548 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $977.86, for a total transaction of $535,867.28. Following the completion of the sale, the vice president directly owned 1,865 shares of the company’s stock, valued at $1,823,708.90. This represents a 22.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 26,088 shares of company stock valued at $25,628,877 over the last three months. 0.47% of the stock is owned by insiders.

United Rentals Stock Performance

Shares of NYSE URI opened at $931.17 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. United Rentals, Inc. has a one year low of $681.98 and a one year high of $1,021.47. The business’s 50-day moving average price is $827.82 and its two-hundred day moving average price is $840.57. The company has a market capitalization of $58.34 billion, a P/E ratio of 23.75, a price-to-earnings-growth ratio of 1.49 and a beta of 1.83.

United Rentals (NYSE:URIGet Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the business earned $8.86 earnings per share. Analysts anticipate that United Rentals, Inc. will post 47.07 earnings per share for the current fiscal year.

United Rentals declared that its board has authorized a stock buyback plan on Wednesday, January 28th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 8.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th will be given a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, May 13th. United Rentals’s dividend payout ratio (DPR) is presently 20.10%.

Wall Street Analysts Forecast Growth

URI has been the topic of several recent analyst reports. KeyCorp upped their price target on United Rentals from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Weiss Ratings upgraded United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Royal Bank Of Canada lifted their target price on United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Wells Fargo & Company increased their price target on shares of United Rentals from $995.00 to $1,071.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Finally, Sanford C. Bernstein set a $903.00 price target on shares of United Rentals and gave the stock an “outperform” rating in a report on Thursday, April 9th. Thirteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $996.94.

Get Our Latest Report on United Rentals

United Rentals Profile

(Free Report)

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.

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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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