Boothbay Fund Management LLC Buys 6,641 Shares of United Rentals, Inc. (NYSE:URI)

Boothbay Fund Management LLC boosted its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 76.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,364 shares of the construction company's stock after purchasing an additional 6,641 shares during the quarter. Boothbay Fund Management LLC's holdings in United Rentals were worth $10,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Capital World Investors raised its stake in United Rentals by 17.1% in the fourth quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock valued at $1,564,722,000 after purchasing an additional 323,636 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of United Rentals by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,587,203 shares of the construction company's stock worth $1,115,142,000 after acquiring an additional 20,401 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of United Rentals by 16.0% during the fourth quarter. Alliancebernstein L.P. now owns 1,250,324 shares of the construction company's stock worth $880,778,000 after acquiring an additional 172,340 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of United Rentals by 9.8% during the fourth quarter. Franklin Resources Inc. now owns 1,093,350 shares of the construction company's stock worth $770,199,000 after acquiring an additional 97,336 shares in the last quarter. Finally, Capital International Investors raised its stake in shares of United Rentals by 41.0% during the fourth quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock worth $740,624,000 after acquiring an additional 305,491 shares in the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Evercore ISI decreased their price target on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Cfra Research raised shares of United Rentals to a "strong-buy" rating in a research note on Friday, April 25th. Baird R W raised shares of United Rentals from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 14th. Sanford C. Bernstein raised shares of United Rentals from an "underperform" rating to a "market perform" rating and decreased their target price for the stock from $705.00 to $666.00 in a research note on Tuesday, March 25th. Finally, Truist Financial lifted their target price on shares of United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, United Rentals presently has a consensus rating of "Moderate Buy" and an average target price of $725.69.

Insider Buying and Selling

In other news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction on Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the transaction, the chief financial officer now owns 6,880 shares in the company, valued at $4,390,128. This trade represents a 13.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

United Rentals Stock Up 2.2 %

Shares of NYSE:URI traded up $13.75 during trading on Thursday, reaching $645.20. 340,515 shares of the stock traded hands, compared to its average volume of 735,857. The stock has a 50-day moving average of $612.54 and a two-hundred day moving average of $723.24. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $896.98. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The stock has a market cap of $41.94 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 1.43 and a beta of 1.72.

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

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be issued a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 1.11%. The ex-dividend date is Wednesday, May 14th. United Rentals's dividend payout ratio is currently 18.54%.

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.