Geneos Wealth Management Inc. Grows Holdings in United Rentals, Inc. $URI

Key Points

• Geneos Wealth Management Inc. increased its holdings in United Rentals, Inc. by 54.5% in the first quarter, owning a total of 8,044 shares valued at approximately $5.04 million.
• United Rentals reported a $10.47 EPS for the last quarter, slightly missing the consensus estimate, while revenue was $3.94 billion, surpassing expectations.
• The company's quarterly dividend of $1.79 per share was recently declared, resulting in an annualized yield of approximately 0.8% with a payout ratio of 18.52%.

Geneos Wealth Management Inc. grew its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 54.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,044 shares of the construction company's stock after buying an additional 2,837 shares during the quarter. Geneos Wealth Management Inc.'s holdings in United Rentals were worth $5,041,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Intech Investment Management LLC boosted its holdings in United Rentals by 311.4% during the first quarter. Intech Investment Management LLC now owns 12,156 shares of the construction company's stock worth $7,618,000 after purchasing an additional 9,201 shares during the last quarter. Flaharty Asset Management LLC purchased a new position in United Rentals during the first quarter worth about $30,000. Integrity Alliance LLC. purchased a new position in United Rentals during the first quarter worth about $1,547,000. Glenview Trust co boosted its holdings in United Rentals by 2.7% during the first quarter. Glenview Trust co now owns 14,604 shares of the construction company's stock worth $9,152,000 after purchasing an additional 390 shares during the last quarter. Finally, Optimize Financial Inc boosted its holdings in United Rentals by 16.6% during the first quarter. Optimize Financial Inc now owns 351 shares of the construction company's stock worth $220,000 after purchasing an additional 50 shares during the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Price Performance

NYSE:URI traded down $20.98 during mid-day trading on Friday, hitting $938.61. 534,834 shares of the stock traded hands, compared to its average volume of 461,173. The business's 50-day moving average price is $886.34 and its 200 day moving average price is $739.17. The company has a market cap of $60.39 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 2.22 and a beta of 1.72. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $980.53. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing the consensus estimate of $10.54 by ($0.07). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The firm had revenue of $3.94 billion for the quarter, compared to analysts' expectations of $3.90 billion. During the same period in the prior year, the firm posted $10.70 EPS. United Rentals's revenue was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. On average, analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals's payout ratio is currently 18.52%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Citigroup reaffirmed a "buy" rating and issued a $810.00 price objective (up previously from $740.00) on shares of United Rentals in a research report on Tuesday, June 24th. Bank of America lifted their target price on shares of United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. The Goldman Sachs Group lifted their target price on shares of United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Evercore ISI reiterated an "outperform" rating on shares of United Rentals in a research note on Tuesday, August 19th. Finally, Redburn Atlantic downgraded shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price for the company. in a research note on Friday, June 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $842.86.

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.