United Rentals, Inc. (NYSE:URI) Shares Sold by Geneos Wealth Management Inc.

Posted by on Apr 19th, 2023

Geneos Wealth Management Inc. trimmed its position in shares of United Rentals, Inc. (NYSE:URI – Get Rating) by 74.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103 shares of the construction company’s stock after selling 307 shares during the period. Geneos Wealth Management Inc.’s holdings in United Rentals were worth $37,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in URI. New York State Common Retirement Fund boosted its stake in United Rentals by 1.8% during the 4th quarter. New York State Common Retirement Fund now owns 129,267 shares of the construction company’s stock valued at $45,944,000 after acquiring an additional 2,339 shares during the last quarter. Foundry Partners LLC boosted its stake in United Rentals by 28.3% during the 4th quarter. Foundry Partners LLC now owns 77,460 shares of the construction company’s stock valued at $27,531,000 after acquiring an additional 17,100 shares during the last quarter. Hudson Value Partners LLC boosted its stake in United Rentals by 0.9% during the 4th quarter. Hudson Value Partners LLC now owns 3,775 shares of the construction company’s stock valued at $1,342,000 after acquiring an additional 35 shares during the last quarter. Kistler Tiffany Companies LLC boosted its stake in United Rentals by 44.6% during the 4th quarter. Kistler Tiffany Companies LLC now owns 1,281 shares of the construction company’s stock valued at $455,000 after acquiring an additional 395 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of United Rentals by 14.1% in the 4th quarter. Signaturefd LLC now owns 1,436 shares of the construction company’s stock worth $510,000 after buying an additional 177 shares during the last quarter. 89.65% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at United Rentals

In other news, CEO Matthew John Flannery sold 12,000 shares of United Rentals stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $477.99, for a total value of $5,735,880.00. Following the transaction, the chief executive officer now owns 101,276 shares of the company’s stock, valued at approximately $48,408,915.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Andrew B. Limoges sold 519 shares of United Rentals stock in a transaction that occurred on Friday, January 27th. The shares were sold at an average price of $432.00, for a total value of $224,208.00. Following the transaction, the vice president now owns 2,235 shares of the company’s stock, valued at approximately $965,520. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew John Flannery sold 12,000 shares of United Rentals stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $477.99, for a total transaction of $5,735,880.00. Following the completion of the transaction, the chief executive officer now directly owns 101,276 shares in the company, valued at approximately $48,408,915.24. The disclosure for this sale can be found here. Insiders have sold 30,672 shares of company stock valued at $13,871,422 in the last quarter. Insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on URI. Argus raised their price target on shares of United Rentals from $360.00 to $475.00 in a research report on Tuesday, January 31st. Robert W. Baird downgraded shares of United Rentals from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $425.00 to $300.00 in a research report on Monday, March 27th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of United Rentals from $399.00 to $406.00 and gave the stock a “hold” rating in a report on Wednesday, April 12th. KeyCorp increased their price objective on shares of United Rentals from $425.00 to $515.00 and gave the stock an “overweight” rating in a report on Friday, January 27th. Finally, Citigroup dropped their price objective on shares of United Rentals from $500.00 to $450.00 in a report on Tuesday. Three research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $434.08.

United Rentals Stock Up 1.0 %

United Rentals stock opened at $387.28 on Wednesday. The stock has a market cap of $26.87 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 0.55 and a beta of 1.82. The company has a current ratio of 1.11, a quick ratio of 1.02 and a debt-to-equity ratio of 1.59. The company’s 50-day moving average price is $416.71 and its two-hundred day moving average price is $374.01. United Rentals, Inc. has a 52 week low of $230.54 and a 52 week high of $481.99.

United Rentals (NYSE:URI – Get Rating) last released its earnings results on Wednesday, January 25th. The construction company reported $9.74 EPS for the quarter, missing the consensus estimate of $10.12 by ($0.38). The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.29 billion. United Rentals had a net margin of 18.08% and a return on equity of 36.12%. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the business posted $7.39 EPS. On average, analysts expect that United Rentals, Inc. will post 42.21 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 22nd. Stockholders of record on Wednesday, February 8th were paid a $1.48 dividend. The ex-dividend date was Tuesday, February 7th. This represents a $5.92 annualized dividend and a dividend yield of 1.53%. United Rentals’s dividend payout ratio is currently 4.97%.

About United Rentals

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United Rentals, Inc engages in the equipment rental business. It operates through the General Rentals and Specialty segments. The General Rentals segment includes the rental of construction, aerial and industrial equipment, general tools and light equipment, and related services and activities. The Specialty segment focuses on the rental of specialty construction products such as trench safety equipment, power and HVAC equipment, fluid solutions equipment, mobile storage equipment and modular office space.

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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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