United Rentals, Inc. $URI Shares Purchased by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. increased its position in United Rentals, Inc. (NYSE:URI) by 9.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,782 shares of the construction company’s stock after acquiring an additional 950 shares during the period. Geneos Wealth Management Inc.’s holdings in United Rentals were worth $7,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of United Rentals in the first quarter worth about $141,000. MASTERINVEST Kapitalanlage GmbH boosted its position in United Rentals by 112.7% in the first quarter. MASTERINVEST Kapitalanlage GmbH now owns 553 shares of the construction company’s stock valued at $403,000 after buying an additional 293 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in United Rentals by 9.8% in the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 26,447 shares of the construction company’s stock worth $19,240,000 after buying an additional 2,350 shares during the period. Camden National Bank increased its holdings in United Rentals by 10.0% in the 1st quarter. Camden National Bank now owns 428 shares of the construction company’s stock worth $312,000 after buying an additional 39 shares during the period. Finally, Checchi Capital Advisers LLC raised its position in United Rentals by 16.9% during the 1st quarter. Checchi Capital Advisers LLC now owns 637 shares of the construction company’s stock worth $464,000 after buying an additional 92 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Stock Up 2.5%

Shares of URI stock opened at $1,073.57 on Friday. United Rentals, Inc. has a twelve month low of $701.59 and a twelve month high of $1,143.69. The stock has a market cap of $67.26 billion, a P/E ratio of 27.39, a P/E/G ratio of 1.67 and a beta of 1.79. The stock has a 50 day moving average of $1,039.15 and a 200 day moving average of $909.48. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing the consensus estimate of $11.47 by ($1.76). The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.86 EPS. As a group, sell-side analysts expect that United Rentals, Inc. will post 46.77 EPS for the current year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were issued a dividend of $1.97 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. United Rentals’s dividend payout ratio is 20.10%.

Insider Activity

In other United Rentals news, VP Andrew B. Limoges sold 548 shares of United Rentals stock in a transaction on Friday, April 24th. The shares were sold at an average price of $977.86, for a total value of $535,867.28. Following the completion of the transaction, the vice president owned 1,865 shares of the company’s stock, valued at approximately $1,823,708.90. The trade was a 22.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew John Flannery sold 22,768 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the completion of the transaction, the chief executive officer owned 99,980 shares of the company’s stock, valued at approximately $98,478,300.40. This trade represents a 18.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 26,088 shares of company stock valued at $25,628,877. 0.47% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on URI shares. Evercore restated an “outperform” rating and set a $1,101.00 price objective on shares of United Rentals in a research note on Monday, May 11th. Raymond James Financial reiterated an “outperform” rating and issued a $1,275.00 price objective on shares of United Rentals in a research note on Wednesday, June 10th. Sanford C. Bernstein set a $903.00 target price on shares of United Rentals and gave the stock an “outperform” rating in a report on Thursday, April 9th. Robert W. Baird boosted their target price on shares of United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Royal Bank Of Canada upped their price target on shares of United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Fourteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, United Rentals presently has a consensus rating of “Moderate Buy” and an average price target of $1,131.56.

United Rentals Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.