United Rentals, Inc. (NYSE:URI) Shares Sold by Truist Financial Corp

Truist Financial Corp lessened its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,412 shares of the construction company's stock after selling 623 shares during the period. Truist Financial Corp's holdings in United Rentals were worth $14,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in URI. International Assets Investment Management LLC boosted its holdings in United Rentals by 82,462.2% in the third quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company's stock worth $1,300,962,000 after acquiring an additional 1,604,715 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in United Rentals by 15.4% in the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company's stock valued at $637,968,000 after acquiring an additional 105,287 shares during the period. FMR LLC lifted its holdings in United Rentals by 3.7% in the third quarter. FMR LLC now owns 2,416,568 shares of the construction company's stock valued at $1,956,768,000 after acquiring an additional 85,325 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of United Rentals by 10.5% in the third quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company's stock valued at $570,167,000 after buying an additional 66,957 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of United Rentals by 6.1% in the third quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company's stock valued at $862,110,000 after buying an additional 57,002 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.

Analysts Set New Price Targets

URI has been the subject of several research reports. Barclays boosted their price target on United Rentals from $400.00 to $565.00 and gave the stock an "underweight" rating in a research report on Friday, October 25th. Morgan Stanley decreased their price target on United Rentals from $775.00 to $765.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. Baird R W upgraded United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. Truist Financial restated a "buy" rating and set a $956.00 price target (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. Finally, Argus increased their price target on shares of United Rentals from $840.00 to $880.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $829.00.

United Rentals Stock Performance

Shares of NYSE:URI traded down $38.35 during midday trading on Friday, hitting $656.42. The stock had a trading volume of 1,067,453 shares, compared to its average volume of 668,090. The company has a market capitalization of $42.87 billion, a PE ratio of 16.94, a P/E/G ratio of 1.46 and a beta of 1.68. The stock has a 50 day moving average price of $733.77 and a two-hundred day moving average price of $769.42. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a 1 year low of $596.48 and a 1 year high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing analysts' consensus estimates of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. As a group, equities analysts predict that United Rentals, Inc. will post 44.93 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be issued a dividend of $1.79 per share. The ex-dividend date is Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a yield of 1.09%. This is an increase from United Rentals's previous quarterly dividend of $1.63. United Rentals's payout ratio is currently 18.48%.

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.