United Rentals, Inc. (NYSE:URI) Shares Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division trimmed its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 88.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 225 shares of the construction company's stock after selling 1,771 shares during the quarter. Central Pacific Bank Trust Division's holdings in United Rentals were worth $141,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of United Rentals during the fourth quarter worth $695,716,000. Leigh Baldwin & CO. LLC bought a new stake in United Rentals in the 4th quarter valued at $330,989,000. Capital World Investors grew its stake in United Rentals by 17.1% during the fourth quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock worth $1,564,722,000 after buying an additional 323,636 shares in the last quarter. Capital International Investors increased its stake in United Rentals by 41.0% in the fourth quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock valued at $740,624,000 after acquiring an additional 305,491 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of United Rentals by 105.6% in the fourth quarter. Marshall Wace LLP now owns 546,165 shares of the construction company's stock worth $384,740,000 after acquiring an additional 280,502 shares during the last quarter. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Up 1.6%

Shares of NYSE URI traded up $11.40 during trading on Tuesday, reaching $702.55. The company had a trading volume of 333,432 shares, compared to its average volume of 600,230. The stock has a market cap of $45.67 billion, a PE ratio of 18.13, a P/E/G ratio of 1.43 and a beta of 1.70. The business's 50-day moving average is $644.67 and its 200 day moving average is $699.02. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $896.98. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the prior year, the company posted $9.15 EPS. The firm's revenue was up 6.7% compared to the same quarter last year. As a group, equities analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were issued a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.02%. United Rentals's dividend payout ratio (DPR) is presently 18.54%.

Insider Buying and Selling

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $705.86, for a total transaction of $499,748.88. Following the transaction, the vice president now directly owns 1,921 shares in the company, valued at $1,355,957.06. This trade represents a 26.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Michael D. Durand sold 1,100 shares of the stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total transaction of $688,908.00. Following the transaction, the executive vice president now owns 8,748 shares in the company, valued at approximately $5,478,697.44. The trade was a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on URI. The Goldman Sachs Group upped their price target on shares of United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Morgan Stanley upgraded shares of United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price target on the stock in a report on Wednesday, April 16th. Robert W. Baird lifted their target price on United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Cfra Research raised United Rentals to a "strong-buy" rating in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. upped their price target on shares of United Rentals from $780.00 to $920.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $753.15.

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.