Jag Capital Management LLC Sells 5,458 Shares of United Rentals, Inc. (NYSE:URI)

Jag Capital Management LLC trimmed its holdings in United Rentals, Inc. (NYSE:URI) by 17.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,461 shares of the construction company’s stock after selling 5,458 shares during the period. United Rentals accounts for approximately 2.5% of Jag Capital Management LLC’s holdings, making the stock its 12th largest position. Jag Capital Management LLC’s holdings in United Rentals were worth $17,936,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new stake in United Rentals in the fourth quarter worth approximately $26,000. Carmichael Hill & Associates Inc. boosted its holdings in shares of United Rentals by 80.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after buying an additional 20 shares during the period. Hanson & Doremus Investment Management bought a new stake in shares of United Rentals during the 4th quarter worth $33,000. Kestra Investment Management LLC bought a new stake in shares of United Rentals during the 4th quarter worth $34,000. Finally, CarsonAllaria Wealth Management Ltd. bought a new stake in shares of United Rentals during the 4th quarter worth $42,000. 96.26% of the stock is owned by institutional investors.

United Rentals Trading Down 3.9 %

Shares of URI stock opened at $617.44 on Tuesday. United Rentals, Inc. has a 52-week low of $596.48 and a 52-week high of $896.98. The stock has a market cap of $40.32 billion, a price-to-earnings ratio of 15.93, a P/E/G ratio of 1.43 and a beta of 1.68. 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 firm has a fifty day moving average of $719.38 and a 200-day moving average of $767.93.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. On average, equities research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $1.79 dividend. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 annualized dividend and a dividend yield of 1.16%. United Rentals’s dividend payout ratio is presently 18.48%.

Insider Transactions at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the sale, the chief financial officer now owns 6,880 shares of the company’s stock, valued at approximately $4,390,128. This represents a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on URI shares. Truist Financial reaffirmed a “buy” rating and set a $956.00 price objective (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. Evercore ISI decreased their price objective on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective for the company in a report on Tuesday, January 14th. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. upped their target price on shares of United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, United Rentals currently has a consensus rating of “Moderate Buy” and an average price target of $829.00.

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.