Jag Capital Management LLC Sells 9,620 Shares of United Rentals, Inc. $URI

Jag Capital Management LLC reduced its position in shares of United Rentals, Inc. (NYSE:URI) by 51.3% in the 1st quarter, Holdings Channel reports. The firm owned 9,150 shares of the construction company’s stock after selling 9,620 shares during the period. Jag Capital Management LLC’s holdings in United Rentals were worth $6,666,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Woodline Partners LP increased its holdings in United Rentals by 40.0% in the 1st quarter. Woodline Partners LP now owns 5,518 shares of the construction company’s stock worth $3,458,000 after purchasing an additional 1,577 shares in the last quarter. Sei Investments Co. grew its holdings in United Rentals by 24.7% during the 2nd quarter. Sei Investments Co. now owns 27,136 shares of the construction company’s stock worth $20,444,000 after acquiring an additional 5,375 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in United Rentals by 43.6% during the 2nd quarter. Treasurer of the State of North Carolina now owns 56,057 shares of the construction company’s stock worth $42,233,000 after acquiring an additional 17,030 shares during the last quarter. HUB Investment Partners LLC increased its position in United Rentals by 11.3% in the 2nd quarter. HUB Investment Partners LLC now owns 2,205 shares of the construction company’s stock valued at $1,661,000 after acquiring an additional 223 shares during the period. Finally, Diversify Advisory Services LLC increased its position in United Rentals by 338.7% in the 2nd quarter. Diversify Advisory Services LLC now owns 1,654 shares of the construction company’s stock valued at $1,246,000 after acquiring an additional 1,277 shares during the period. Institutional investors own 96.26% of the company’s stock.

Insider Activity at United Rentals

In other United Rentals news, CEO Matthew John Flannery sold 22,768 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $984.98, for a total value of $22,426,024.64. Following the completion of the sale, the chief executive officer directly owned 99,980 shares of the company’s stock, valued at $98,478,300.40. This trade represents a 18.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Andrew B. Limoges sold 548 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $977.86, for a total value of $535,867.28. Following the completion of the sale, the vice president owned 1,865 shares in the company, valued at $1,823,708.90. This represents a 22.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 26,088 shares of company stock valued at $25,628,877 over the last quarter. 0.47% of the stock is currently owned by insiders.

United Rentals Trading Up 2.5%

NYSE URI opened at $1,073.57 on Friday. The firm has a market capitalization of $67.26 billion, a P/E ratio of 27.39, a PEG ratio of 1.67 and a beta of 1.79. The business has a fifty day simple moving average of $1,039.15 and a 200 day simple moving average of $909.48. United Rentals, Inc. has a 12 month low of $701.59 and a 12 month high of $1,143.69. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing the consensus estimate of $11.47 by ($1.76). United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter in the prior year, the company earned $8.86 EPS. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts predict that United Rentals, Inc. will post 46.77 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were given a $1.97 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $7.88 annualized dividend and a yield of 0.7%. United Rentals’s payout ratio is currently 20.10%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Robert W. Baird increased their price objective on United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Citigroup lifted their price objective on United Rentals from $1,210.00 to $1,270.00 and gave the stock a “buy” rating in a research note on Tuesday. Morgan Stanley reaffirmed an “overweight” rating and issued a $1,030.00 price objective on shares of United Rentals in a research note on Friday, April 24th. Raymond James Financial reissued an “outperform” rating and issued a $1,275.00 price target on shares of United Rentals in a research note on Wednesday, June 10th. Finally, Royal Bank Of Canada increased their price objective on shares of United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Fourteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, United Rentals presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,131.56.

United Rentals Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.