Geneos Wealth Management Inc. Purchases 2,837 Shares of United Rentals, Inc. $URI

Geneos Wealth Management Inc. boosted its position in shares of United Rentals, Inc. (NYSE:URI) by 54.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,044 shares of the construction company’s stock after purchasing an additional 2,837 shares during the period. Geneos Wealth Management Inc.’s holdings in United Rentals were worth $5,041,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in URI. Fourth Dimension Wealth LLC bought a new position in United Rentals during the 1st quarter valued at about $26,000. TruNorth Capital Management LLC lifted its holdings in United Rentals by 1,266.7% during the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock valued at $26,000 after purchasing an additional 38 shares during the last quarter. Flaharty Asset Management LLC bought a new position in United Rentals during the 1st quarter valued at about $30,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in United Rentals by 69.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock valued at $31,000 after purchasing an additional 20 shares during the last quarter. Finally, Grove Bank & Trust bought a new position in United Rentals during the 1st quarter valued at about $36,000. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Down 0.1%

Shares of NYSE:URI opened at $944.43 on Thursday. United Rentals, Inc. has a one year low of $525.91 and a one year high of $980.53. The company has a 50 day moving average of $879.76 and a 200-day moving average of $734.16. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80. The stock has a market cap of $60.76 billion, a price-to-earnings ratio of 24.42, a P/E/G ratio of 2.19 and a beta of 1.72.

United Rentals (NYSE:URI) last issued its quarterly earnings results 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 return on equity of 32.01% and a net margin of 16.11%.The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same quarter in the prior year, the firm earned $10.70 EPS. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were given a dividend of $1.79 per share. The ex-dividend date was Wednesday, August 13th. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. United Rentals’s payout ratio is currently 18.52%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on URI. Evercore ISI reissued an “outperform” rating on shares of United Rentals in a report on Tuesday, August 19th. Morgan Stanley raised their price objective on shares of United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. The Goldman Sachs Group raised their price objective on shares of United Rentals from $770.00 to $850.00 and gave the company a “buy” rating in a research report on Tuesday, May 27th. Bank of America raised their price objective on shares of United Rentals from $895.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Finally, Argus set a $935.00 price objective on shares of United Rentals in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company 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.