Boothbay Fund Management LLC Sells 532 Shares of United Rentals, Inc. $URI

Key Points

• Boothbay Fund Management LLC reduced its stake in United Rentals by 3.5%, holding 14,832 shares valued at approximately $9.3 million as reported in their SEC filing.
• United Rentals reported an EPS of $10.47 for the last quarter, missing the consensus estimate by $0.07, while revenue rose 4.5% year-over-year to $3.94 billion.
• The company announced a quarterly dividend of $1.79, equating to an annualized dividend of $7.16 with a 0.8% yield, as part of its ongoing shareholder returns strategy.

Boothbay Fund Management LLC lowered its position in United Rentals, Inc. (NYSE:URI - Free Report) by 3.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,832 shares of the construction company's stock after selling 532 shares during the quarter. Boothbay Fund Management LLC's holdings in United Rentals were worth $9,295,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC lifted its stake in shares of United Rentals by 1,266.7% during the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock worth $26,000 after purchasing an additional 38 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new position in shares of United Rentals during the first quarter worth about $26,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of United Rentals by 69.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock worth $31,000 after purchasing an additional 20 shares in the last quarter. Grove Bank & Trust acquired a new position in shares of United Rentals in the first quarter worth about $36,000. Finally, NBC Securities Inc. acquired a new position in shares of United Rentals in the first quarter worth about $40,000. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Stock Down 0.6%

United Rentals stock traded down $5.77 during mid-day trading on Monday, hitting $969.46. 578,294 shares of the company's stock were exchanged, compared to its average volume of 638,696. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. The stock has a market cap of $62.38 billion, a P/E ratio of 25.07, a P/E/G ratio of 2.25 and a beta of 1.72. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $980.53. The stock has a 50 day moving average of $868.94 and a two-hundred day moving average of $729.03.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter last year, the company earned $10.70 earnings per share. The firm's revenue was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. As a group, analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, August 13th. United Rentals's dividend payout ratio is 18.52%.

Analysts Set New Price Targets

Several brokerages recently weighed in on URI. The Goldman Sachs Group boosted their price objective on United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Evercore ISI reaffirmed an "outperform" rating on shares of United Rentals in a research note on Tuesday, August 19th. Barclays lifted their price target on United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a research report on Monday, July 21st. Argus set a $935.00 price target on United Rentals in a research report on Tuesday, August 12th. Finally, Redburn Atlantic downgraded United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective for the company. in a research report on Friday, June 13th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $842.86.

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.