Beck Bode LLC Sells 26,313 Shares of United Rentals, Inc. (NYSE:URI)

Beck Bode LLC trimmed its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 98.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 535 shares of the construction company's stock after selling 26,313 shares during the quarter. Beck Bode LLC's holdings in United Rentals were worth $307,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of URI. Ballentine Partners LLC boosted its stake in shares of United Rentals by 2.1% during the 4th quarter. Ballentine Partners LLC now owns 889 shares of the construction company's stock worth $510,000 after acquiring an additional 18 shares during the period. DGS Capital Management LLC boosted its stake in shares of United Rentals by 1.3% during the 4th quarter. DGS Capital Management LLC now owns 1,441 shares of the construction company's stock worth $827,000 after acquiring an additional 18 shares during the period. Oak Ridge Investments LLC boosted its stake in shares of United Rentals by 0.3% during the 4th quarter. Oak Ridge Investments LLC now owns 5,816 shares of the construction company's stock worth $3,335,000 after acquiring an additional 20 shares during the period. Caprock Group LLC boosted its stake in United Rentals by 2.3% in the 4th quarter. Caprock Group LLC now owns 900 shares of the construction company's stock valued at $516,000 after purchasing an additional 20 shares during the period. Finally, AdvisorNet Financial Inc boosted its stake in United Rentals by 71.4% in the 4th quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company's stock valued at $28,000 after purchasing an additional 20 shares during the period. 96.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO William E. Grace sold 775 shares of the business's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $655.62, for a total transaction of $508,105.50. Following the sale, the chief financial officer now owns 6,323 shares in the company, valued at approximately $4,145,485.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO William E. Grace sold 775 shares of the business's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $655.62, for a total transaction of $508,105.50. Following the sale, the chief financial officer now owns 6,323 shares in the company, valued at approximately $4,145,485.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew John Flannery sold 8,379 shares of the business's stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total value of $5,862,199.77. Following the sale, the chief executive officer now owns 103,400 shares in the company, valued at approximately $72,341,742. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

URI has been the subject of several recent research reports. Robert W. Baird boosted their price target on United Rentals from $322.00 to $559.00 and gave the company an "underperform" rating in a research note on Friday, January 26th. Wells Fargo & Company boosted their price target on United Rentals from $630.00 to $710.00 and gave the company an "overweight" rating in a research note on Friday, January 26th. Truist Financial boosted their price target on United Rentals from $793.00 to $796.00 and gave the company a "buy" rating in a research note on Monday. Oppenheimer reaffirmed a "market perform" rating on shares of United Rentals in a report on Monday. Finally, Barclays lifted their price objective on United Rentals from $325.00 to $400.00 and gave the company an "underweight" rating in a report on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $600.79.

United Rentals Price Performance

Shares of United Rentals stock traded down $14.23 during trading on Wednesday, reaching $653.76. 584,407 shares of the company's stock were exchanged, compared to its average volume of 594,075. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.83 and a current ratio of 0.89. United Rentals, Inc. has a 1-year low of $325.15 and a 1-year high of $732.37. The company has a market cap of $43.53 billion, a P/E ratio of 17.71, a PEG ratio of 2.33 and a beta of 1.84. The firm's 50-day moving average price is $682.90 and its 200 day moving average price is $583.96.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, topping analysts' consensus estimates of $8.35 by $0.80. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The company had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.44 billion. During the same quarter in the previous year, the firm earned $7.95 EPS. United Rentals's revenue was up 6.1% on a year-over-year basis. As a group, research analysts anticipate that United Rentals, Inc. will post 43.39 earnings per share for the current year.

United Rentals announced that its board has approved a share repurchase plan on Wednesday, January 24th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 3.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its stock is undervalued.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $6.52 dividend on an annualized basis and a yield of 1.00%. United Rentals's dividend payout ratio is currently 17.66%.

About United Rentals

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.