United Rentals, Inc. (NYSE:URI) is Cartenna Capital LP's 9th Largest Position

Cartenna Capital LP increased its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 67.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,651 shares of the construction company's stock after buying an additional 33,651 shares during the quarter. United Rentals accounts for about 2.8% of Cartenna Capital LP's portfolio, making the stock its 9th largest position. Cartenna Capital LP owned approximately 0.13% of United Rentals worth $58,927,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Rialto Wealth Management LLC purchased a new stake in United Rentals in the fourth quarter valued at approximately $25,000. ORG Wealth Partners LLC acquired a new stake in United Rentals during the 4th quarter valued at approximately $26,000. Murphy & Mullick Capital Management Corp acquired a new stake in United Rentals during the 4th quarter valued at approximately $27,000. Meeder Asset Management Inc. lifted its stake in United Rentals by 241.7% during the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after acquiring an additional 29 shares during the period. Finally, Hanson & Doremus Investment Management acquired a new stake in United Rentals during the 4th quarter valued at approximately $33,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO William E. Grace sold 1,100 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the transaction, the chief financial officer now directly owns 6,880 shares in the company, valued at approximately $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.53% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on URI. Baird R W raised shares of United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. Robert W. Baird lifted their target price on shares of United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a report on Friday. Citigroup cut their target price on shares of United Rentals from $720.00 to $650.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Bank of America cut their target price on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a report on Friday, March 21st. Finally, Truist Financial boosted their price target on shares of United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $725.69.

United Rentals Price Performance

URI traded down $5.33 on Tuesday, reaching $623.86. 175,912 shares of the company's stock were exchanged, compared to its average volume of 739,244. The stock has a market cap of $40.55 billion, a PE ratio of 16.10, a P/E/G ratio of 1.43 and a beta of 1.72. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $896.98. The stock's fifty day moving average price is $614.32 and its 200-day moving average price is $724.53.

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

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be given a $1.79 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.15%. United Rentals's dividend payout ratio (DPR) is presently 18.54%.

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.