Jag Capital Management LLC Sells 15,552 Shares of United Rentals, Inc. (NYSE:URI)

Jag Capital Management LLC decreased its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 61.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,909 shares of the construction company's stock after selling 15,552 shares during the period. Jag Capital Management LLC's holdings in United Rentals were worth $6,210,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in United Rentals by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company's stock worth $313,627,000 after purchasing an additional 6,787 shares during the period. Blueshift Asset Management LLC purchased a new stake in United Rentals in the fourth quarter worth $649,000. Penobscot Investment Management Company Inc. increased its stake in United Rentals by 35.1% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,114 shares of the construction company's stock worth $2,898,000 after purchasing an additional 1,068 shares during the period. Elevation Point Wealth Partners LLC increased its stake in United Rentals by 32.9% in the first quarter. Elevation Point Wealth Partners LLC now owns 2,220 shares of the construction company's stock worth $1,391,000 after purchasing an additional 550 shares during the period. Finally, US Bancorp DE increased its stake in United Rentals by 2.2% in the fourth quarter. US Bancorp DE now owns 21,321 shares of the construction company's stock worth $15,019,000 after purchasing an additional 462 shares during the period. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Price Performance

Shares of URI stock opened at $754.03 on Friday. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98. The stock's 50-day moving average is $688.57 and its 200 day moving average is $683.28. The company has a market cap of $49.01 billion, a P/E ratio of 19.52, a PEG ratio of 1.81 and a beta of 1.70. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.79.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the previous year, the business earned $9.15 EPS. United Rentals's revenue for the quarter was up 6.7% compared to the same quarter last year. Research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Wednesday, May 14th. United Rentals's payout ratio is currently 18.54%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Evercore ISI reduced their target price on United Rentals from $974.00 to $921.00 and set an "outperform" rating on the stock in a research note on Monday, May 19th. The Goldman Sachs Group raised their price target on United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Sanford C. Bernstein upgraded United Rentals from an "underperform" rating to a "market perform" rating and cut their price target for the company from $705.00 to $666.00 in a research note on Tuesday, March 25th. Morgan Stanley upgraded United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price target on the stock in a research note on Wednesday, April 16th. Finally, Cfra Research upgraded United Rentals to a "strong-buy" rating in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $765.07.

Insiders Place Their Bets

In other United Rentals news, EVP Michael D. Durand sold 1,100 shares of the firm's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total value of $688,908.00. Following the completion of the sale, the executive vice president now owns 8,748 shares of the company's stock, valued at approximately $5,478,697.44. This trade represents a 11.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Andrew B. Limoges sold 708 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $705.86, for a total value of $499,748.88. Following the completion of the sale, the vice president now directly owns 1,921 shares of the company's stock, valued at approximately $1,355,957.06. This represents a 26.93% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company's stock.

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.

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