Geneos Wealth Management Inc. Has $5.60 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

Key Points

• Geneos Wealth Management Inc. increased its stake in United Rentals by 71.6%, bringing their holdings to 8,934 shares valued at approximately $5.6 million.
• United Rentals reported a quarterly EPS of $10.47, missing the analyst consensus of $10.54, despite achieving a 4.5% increase in year-over-year revenue.
• The company announced a quarterly dividend of $1.79, which represents an annual yield of 0.81% with a payout ratio of 18.52%.

Geneos Wealth Management Inc. increased its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 71.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,934 shares of the construction company's stock after acquiring an additional 3,727 shares during the period. Geneos Wealth Management Inc.'s holdings in United Rentals were worth $5,599,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fourth Dimension Wealth LLC acquired a new stake in United Rentals in the 1st quarter valued at $26,000. TruNorth Capital Management LLC increased its stake in United Rentals by 1,266.7% in the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock valued at $26,000 after buying an additional 38 shares during the last quarter. Meeder Asset Management Inc. increased its stake in shares of United Rentals by 241.7% during the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock worth $29,000 after purchasing an additional 29 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of United Rentals by 69.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock worth $31,000 after purchasing an additional 20 shares during the last quarter. Finally, Grove Bank & Trust acquired a new position in shares of United Rentals during the 1st quarter worth about $36,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

URI has been the topic of several recent analyst reports. Morgan Stanley boosted their price objective on shares of United Rentals from $702.00 to $955.00 and gave the stock an "overweight" rating in a research note on Monday. UBS Group boosted their price objective on shares of United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Robert W. Baird boosted their price objective on shares of United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Cfra Research raised shares of United Rentals to a "strong-buy" rating in a report on Friday, April 25th. Finally, Evercore ISI reduced their target price on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $830.71.

United Rentals Stock Performance

NYSE URI traded up $2.57 during trading on Thursday, reaching $882.99. The company's stock had a trading volume of 450,849 shares, compared to its average volume of 666,298. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $56.81 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 2.04 and a beta of 1.69. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $903.60. The firm has a 50 day moving average price of $758.38 and a 200 day moving average price of $698.40.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $10.70 EPS. As a group, equities analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be given a $1.79 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. United Rentals's payout ratio is presently 18.52%.

Insider Activity at United Rentals

In other news, VP Andrew B. Limoges sold 708 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $705.86, for a total value of $499,748.88. Following the completion of the transaction, the vice president directly owned 1,921 shares in the company, valued at approximately $1,355,957.06. The trade was a 26.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.53% of the company's stock.

United Rentals 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.