United Rentals, Inc. $URI Stake Boosted by Jag Capital Management LLC

Jag Capital Management LLC grew its stake in shares of United Rentals, Inc. (NYSE:URI) by 192.3% during the 4th quarter, HoldingsChannel reports. The fund owned 18,770 shares of the construction company’s stock after acquiring an additional 12,349 shares during the period. United Rentals accounts for 1.6% of Jag Capital Management LLC’s holdings, making the stock its 23rd biggest position. Jag Capital Management LLC’s holdings in United Rentals were worth $15,191,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of URI. Aventura Private Wealth LLC purchased a new position in shares of United Rentals during the 4th quarter valued at $27,000. Abich Financial Wealth Management LLC purchased a new position in shares of United Rentals during the 3rd quarter valued at $29,000. Board of the Pension Protection Fund purchased a new position in shares of United Rentals during the 4th quarter valued at $32,000. Laurel Wealth Advisors LLC purchased a new position in shares of United Rentals during the 4th quarter valued at $32,000. Finally, Fortitude Family Office LLC boosted its holdings in United Rentals by 121.1% in the fourth quarter. Fortitude Family Office LLC now owns 42 shares of the construction company’s stock worth $34,000 after purchasing an additional 23 shares in the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on URI shares. KeyCorp upped their price objective on shares of United Rentals from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Weiss Ratings cut shares of United Rentals from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 4th. Evercore reiterated an “outperform” rating and issued a $1,101.00 price objective on shares of United Rentals in a report on Monday, May 11th. Robert W. Baird upped their price objective on shares of United Rentals from $970.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $1,030.00 price objective on shares of United Rentals in a report on Friday, April 24th. Thirteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $996.94.

United Rentals Stock Down 1.6%

United Rentals stock opened at $929.38 on Wednesday. The firm has a market cap of $58.23 billion, a price-to-earnings ratio of 23.71, a P/E/G ratio of 1.50 and a beta of 1.83. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. United Rentals, Inc. has a fifty-two week low of $681.98 and a fifty-two week high of $1,021.47. The firm has a fifty day moving average price of $822.41 and a two-hundred day moving average price of $839.63.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.47 by ($1.76). The firm had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.86 earnings per share. As a group, analysts forecast that United Rentals, Inc. will post 47.07 earnings per share for the current year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th will be issued a $1.97 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $7.88 annualized dividend and a yield of 0.8%. United Rentals’s dividend payout ratio is 20.10%.

United Rentals announced that its Board of Directors has initiated a stock buyback plan on Wednesday, January 28th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 8.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at United Rentals

In other United Rentals news, EVP Craig Adam Pintoff sold 2,466 shares of the business’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $963.00, for a total value of $2,374,758.00. Following the sale, the executive vice president owned 14,774 shares of the company’s stock, valued at $14,227,362. The trade was a 14.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Andrew B. Limoges sold 548 shares of the business’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $977.86, for a total transaction of $535,867.28. Following the completion of the sale, the vice president directly owned 1,865 shares in the company, valued at $1,823,708.90. This trade represents a 22.71% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 26,088 shares of company stock worth $25,628,877. Insiders own 0.47% of the company’s stock.

United Rentals Company 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.