Private Trust Co. NA Sells 282 Shares of United Rentals, Inc. (NYSE:URI)

Private Trust Co. NA cut its stake in shares of United Rentals, Inc. (NYSE:URI) by 10.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,544 shares of the construction company’s stock after selling 282 shares during the period. Private Trust Co. NA’s holdings in United Rentals were worth $2,060,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. RFP Financial Group LLC increased its position in United Rentals by 115.8% during the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock valued at $27,000 after acquiring an additional 22 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of United Rentals during the 3rd quarter valued at about $31,000. Carmichael Hill & Associates Inc. lifted its stake in shares of United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after purchasing an additional 20 shares during the period. HHM Wealth Advisors LLC boosted its holdings in shares of United Rentals by 280.0% in the second quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company’s stock worth $37,000 after buying an additional 42 shares during the last quarter. Finally, HM Payson & Co. bought a new stake in United Rentals during the third quarter valued at approximately $41,000. 96.26% of the stock is owned by institutional investors.

United Rentals Price Performance

URI stock opened at $849.32 on Monday. The stock has a market cap of $55.73 billion, a PE ratio of 22.18, a P/E/G ratio of 1.99 and a beta of 1.68. United Rentals, Inc. has a 12 month low of $454.71 and a 12 month high of $896.98. The company has a 50-day moving average price of $819.40 and a 200 day moving average price of $732.35. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The company had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $11.73 earnings per share. Equities research analysts anticipate that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $1.63 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $6.52 annualized dividend and a yield of 0.77%. United Rentals’s dividend payout ratio (DPR) is currently 17.03%.

Wall Street Analyst Weigh In

Several research firms have weighed in on URI. JPMorgan Chase & Co. increased their price target on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Evercore ISI lifted their target price on United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Bank of America upped their price target on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Truist Financial lifted their price objective on United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Robert W. Baird increased their target price on shares of United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a report on Thursday, October 3rd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, United Rentals currently has a consensus rating of “Hold” and a consensus price target 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 transaction of $740,916.00. Following the sale, the senior vice president now owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. This trade represents a 30.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by corporate insiders.

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.