First Citizens Bank & Trust Co. Has $407,000 Position in United Rentals, Inc. (NYSE:URI)

First Citizens Bank & Trust Co. decreased its position in United Rentals, Inc. (NYSE:URI - Free Report) by 45.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 650 shares of the construction company's stock after selling 542 shares during the period. First Citizens Bank & Trust Co.'s holdings in United Rentals were worth $407,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wedge Capital Management L L P NC boosted its position in United Rentals by 7.8% in the first quarter. Wedge Capital Management L L P NC now owns 15,724 shares of the construction company's stock worth $9,854,000 after purchasing an additional 1,139 shares during the last quarter. Park Avenue Securities LLC grew its stake in United Rentals by 5.1% during the first quarter. Park Avenue Securities LLC now owns 1,818 shares of the construction company's stock valued at $1,139,000 after acquiring an additional 88 shares in the last quarter. OLD National Bancorp IN boosted its position in shares of United Rentals by 3.2% during the 1st quarter. OLD National Bancorp IN now owns 839 shares of the construction company's stock valued at $526,000 after acquiring an additional 26 shares during the last quarter. SOA Wealth Advisors LLC. purchased a new position in United Rentals in the 1st quarter worth approximately $4,693,000. Finally, Bank of New Hampshire raised its holdings in shares of United Rentals by 2.3% during the 1st quarter. Bank of New Hampshire now owns 3,454 shares of the construction company's stock valued at $2,165,000 after buying an additional 79 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

URI has been the subject of a number of recent analyst reports. 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 report on Wednesday, May 21st. Cfra Research raised United Rentals to a "strong-buy" rating in a report on Friday, April 25th. Citigroup decreased their price objective on United Rentals from $720.00 to $650.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Sanford C. Bernstein raised shares of United Rentals from an "underperform" rating to a "market perform" rating and decreased their price target for the company from $705.00 to $666.00 in a research note on Tuesday, March 25th. Finally, Evercore ISI dropped their price objective on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a research note on Monday, May 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $753.15.

United Rentals Price Performance

Shares of United Rentals stock traded down $6.78 during trading on Thursday, hitting $713.17. The stock had a trading volume of 105,547 shares, compared to its average volume of 592,024. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The business has a fifty day moving average of $656.94 and a two-hundred day moving average of $694.79. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $896.98. The firm has a market cap of $46.36 billion, a P/E ratio of 18.40, a PEG ratio of 1.43 and a beta of 1.70.

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

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were paid 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 yield of 1.00%. United Rentals's payout ratio is presently 18.54%.

Insider Buying and Selling

In other United Rentals news, EVP Michael D. Durand sold 1,100 shares of the business's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total value of $688,908.00. Following the transaction, the executive vice president now directly owns 8,748 shares in the company, valued at $5,478,697.44. The trade was a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Andrew B. Limoges sold 708 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 1,921 shares of the company's stock, valued at $1,355,957.06. This trade represents a 26.93% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.53% of the company's stock.

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.