PNC Financial Services Group Inc. Sells 3,968 Shares of United Rentals, Inc. (NYSE:URI)

PNC Financial Services Group Inc. trimmed its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 6.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,545 shares of the construction company's stock after selling 3,968 shares during the period. PNC Financial Services Group Inc. owned 0.09% of United Rentals worth $49,835,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in URI. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in United Rentals during the 3rd quarter worth $11,100,000. Fifth Third Wealth Advisors LLC increased its stake in shares of United Rentals by 11.2% in the third quarter. Fifth Third Wealth Advisors LLC now owns 757 shares of the construction company's stock worth $613,000 after purchasing an additional 76 shares during the period. Prospera Financial Services Inc lifted its position in shares of United Rentals by 20.1% during the 3rd quarter. Prospera Financial Services Inc now owns 933 shares of the construction company's stock worth $756,000 after purchasing an additional 156 shares during the last quarter. Caprock Group LLC boosted its stake in United Rentals by 4.2% during the 3rd quarter. Caprock Group LLC now owns 4,507 shares of the construction company's stock valued at $3,650,000 after purchasing an additional 183 shares during the period. Finally, Napa Wealth Management acquired a new stake in United Rentals in the 3rd quarter valued at approximately $250,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on URI shares. Argus raised their price objective on shares of United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a research note on Wednesday. Truist Financial raised their price target on shares of United Rentals from $954.00 to $955.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Barclays upped their price objective on shares of United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a research report on Friday, October 25th. Citigroup lifted their target price on United Rentals from $930.00 to $955.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Finally, Bank of America upped their price target on United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $751.67.

Insider Buying and Selling at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 2,044 shares in the company, valued at approximately $1,682,702.56. This trade represents a 30.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.53% of the company's stock.

United Rentals Price Performance

NYSE:URI opened at $820.25 on Thursday. The firm has a market cap of $53.82 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 1.93 and a beta of 1.68. The company's 50-day moving average price is $814.46 and its two-hundred day moving average price is $729.65. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a 12 month low of $454.71 and a 12 month high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing analysts' consensus estimates of $12.49 by ($0.69). The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The company's revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $11.73 earnings per share. On average, equities analysts anticipate that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals's dividend payout ratio is currently 17.03%.

United Rentals 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.