Geneos Wealth Management Inc. Has $3.67 Million Holdings in United Rentals, Inc. (NYSE:URI)

Geneos Wealth Management Inc. boosted its position in United Rentals, Inc. (NYSE:URI) by 16.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,207 shares of the construction company’s stock after purchasing an additional 724 shares during the period. Geneos Wealth Management Inc.’s holdings in United Rentals were worth $3,668,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. ORG Wealth Partners LLC acquired a new position in shares of United Rentals in the 4th quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in United Rentals in the third quarter worth approximately $31,000. Carmichael Hill & Associates Inc. lifted its stake in United Rentals by 80.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after buying an additional 20 shares during the period. HM Payson & Co. bought a new position in shares of United Rentals during the 3rd quarter worth approximately $41,000. Finally, Trust Co. of Vermont grew its position in shares of United Rentals by 6,000.0% during the 3rd quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock worth $49,000 after buying an additional 60 shares during the period. Institutional investors own 96.26% of the company’s stock.

Insider Activity

In related news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the transaction, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. The trade was a 30.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on URI. Bank of America boosted their target price on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Argus increased their price objective on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Truist Financial decreased their target price on United Rentals from $965.00 to $963.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Citigroup lowered their target price on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $805.08.

United Rentals Stock Performance

NYSE URI opened at $790.25 on Friday. The company has a fifty day moving average price of $771.48 and a 200-day moving average price of $766.58. The firm has a market cap of $51.86 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 1.73 and a beta of 1.69. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. United Rentals, Inc. has a 1 year low of $596.48 and a 1 year high of $896.98.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the company posted $11.73 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities research analysts predict that United Rentals, Inc. will post 43.43 EPS for the current fiscal year.

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.