Jag Capital Management LLC Reduces Position in United Rentals, Inc. (NYSE:URI)

Jag Capital Management LLC lessened its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 17.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 25,461 shares of the construction company's stock after selling 5,458 shares during the quarter. United Rentals comprises about 2.5% of Jag Capital Management LLC's portfolio, making the stock its 12th largest holding. Jag Capital Management LLC's holdings in United Rentals were worth $17,936,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Proficio Capital Partners LLC bought a new stake in shares of United Rentals during the 4th quarter valued at $171,733,000. JPMorgan Chase & Co. grew its stake in United Rentals by 15.4% during the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company's stock worth $637,968,000 after buying an additional 105,287 shares in the last quarter. FMR LLC increased its holdings in United Rentals by 3.7% in the 3rd quarter. FMR LLC now owns 2,416,568 shares of the construction company's stock valued at $1,956,768,000 after buying an additional 85,325 shares during the period. National Pension Service lifted its holdings in shares of United Rentals by 79.8% during the 4th quarter. National Pension Service now owns 167,813 shares of the construction company's stock worth $118,214,000 after acquiring an additional 74,479 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in United Rentals by 10.5% in the third quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company's stock valued at $570,167,000 after acquiring an additional 66,957 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Stock Up 6.0 %

Shares of NYSE URI traded up $35.94 during midday trading on Wednesday, hitting $633.85. 1,197,318 shares of the stock traded hands, compared to its average volume of 702,929. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. United Rentals, Inc. has a one year low of $585.27 and a one year high of $896.98. The business has a 50 day moving average price of $716.80 and a two-hundred day moving average price of $767.11. The company has a market cap of $41.39 billion, a PE ratio of 16.36, a P/E/G ratio of 1.43 and a beta of 1.68.

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

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $1.79 per share. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a yield of 1.13%. This is an increase from United Rentals's previous quarterly dividend of $1.63. United Rentals's payout ratio is 18.48%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Citigroup reduced their price objective on United Rentals from $985.00 to $835.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Argus upped their price target on shares of United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Baird R W raised United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. Morgan Stanley cut their price target on United Rentals from $775.00 to $765.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. Finally, Robert W. Baird raised United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price objective for the company in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, United Rentals has a consensus rating of "Moderate Buy" and a consensus target price of $829.00.

Insiders Place Their Bets

In other news, CFO William E. Grace sold 1,100 shares of the 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 completion of the sale, the chief financial officer now owns 6,880 shares in the company, valued at $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.53% of the company's stock.

About United Rentals

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.