First Citizens Bank & Trust Co. Has $840,000 Stock Holdings in United Rentals, Inc. (NYSE:URI)

First Citizens Bank & Trust Co. decreased its position in shares of United Rentals, Inc. (NYSE:URI) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,192 shares of the construction company’s stock after selling 55 shares during the period. First Citizens Bank & Trust Co.’s holdings in United Rentals were worth $840,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of URI. ORG Wealth Partners LLC acquired a new position in United Rentals in the fourth quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in United Rentals in the third quarter worth approximately $31,000. Carmichael Hill & Associates Inc. increased its stake in shares of United Rentals by 80.0% during 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 last quarter. HM Payson & Co. bought a new position in shares of United Rentals during the 3rd quarter valued at $41,000. Finally, Trust Co. of Vermont lifted its stake in shares of United Rentals by 6,000.0% in the 3rd quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock valued at $49,000 after purchasing an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on URI shares. Bank of America raised their target price on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Truist Financial reduced their target price on United Rentals from $965.00 to $963.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target on the stock in a report on Tuesday, January 14th. Argus boosted 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, November 20th. Finally, Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $813.73.

United Rentals Trading Down 2.5 %

United Rentals stock opened at $770.13 on Tuesday. The business has a 50 day moving average price of $770.22 and a two-hundred day moving average price of $768.17. 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 $596.48 and a 12 month high of $896.98. The stock has a market cap of $50.54 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 1.73 and a beta of 1.69.

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.