Jag Capital Management LLC Purchases 8,896 Shares of United Rentals, Inc. (NYSE:URI)

Jag Capital Management LLC raised its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 40.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,919 shares of the construction company's stock after purchasing an additional 8,896 shares during the period. United Rentals accounts for 3.0% of Jag Capital Management LLC's portfolio, making the stock its 8th largest holding. Jag Capital Management LLC's holdings in United Rentals were worth $25,036,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Crewe Advisors LLC acquired a new position in United Rentals during the first quarter valued at approximately $27,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in United Rentals during the third quarter valued at approximately $31,000. RFP Financial Group LLC boosted its position in shares of United Rentals by 115.8% in the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company's stock valued at $27,000 after acquiring an additional 22 shares during the period. Carmichael Hill & Associates Inc. boosted its position in shares of United Rentals by 80.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock valued at $36,000 after acquiring an additional 20 shares during the period. Finally, HM Payson & Co. bought a new stake in shares of United Rentals in the third quarter valued at approximately $41,000. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Trading Down 0.1 %

Shares of URI traded down $1.13 on Monday, reaching $873.88. 588,697 shares of the company's stock were exchanged, compared to its average volume of 548,582. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $57.35 billion, a P/E ratio of 22.85, a price-to-earnings-growth ratio of 2.04 and a beta of 1.68. The business has a 50 day moving average price of $791.80 and a two-hundred day moving average price of $720.61. United Rentals, Inc. has a 12 month low of $453.23 and a 12 month high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing analysts' consensus estimates of $12.49 by ($0.69). The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The company's quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $11.73 earnings per share. Research analysts anticipate that United Rentals, Inc. will post 43.66 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals's dividend payout ratio (DPR) is 17.03%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on URI shares. Truist Financial boosted their price target on shares of United Rentals from $954.00 to $955.00 and gave the company a "buy" rating in a report on Friday, October 25th. The Goldman Sachs Group increased their price target on United Rentals from $790.00 to $905.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. Bank of America boosted their price objective on United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Evercore ISI lifted their price target on United Rentals from $774.00 to $795.00 and gave the company an "outperform" rating in a report on Monday, August 19th. Finally, JPMorgan Chase & Co. increased their price objective on shares of United Rentals from $780.00 to $940.00 and gave the stock an "overweight" rating in a report on Monday, September 23rd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $742.50.

Insider Buying and Selling

In related news, SVP Anthony S. Leopold sold 900 shares of the business's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the sale, the senior vice president now directly owns 2,044 shares of the company's stock, valued at $1,682,702.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.53% of the stock is currently owned by insiders.

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.