First Dallas Securities Lowers stake in United Rentals (URI)

United Rentals (URI) : First Dallas Securities reduced its stake in United Rentals by 0.6% during the most recent quarter end. The investment management company now holds a total of 16,640 shares of United Rentals which is valued at $1,340,352 after selling 100 shares in United Rentals , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.United Rentals makes up approximately 0.99% of First Dallas Securities’s portfolio.

Other Hedge Funds, Including , Pggm Investments boosted its stake in URI in the latest quarter, The investment management firm added 186,208 additional shares and now holds a total of 563,873 shares of United Rentals which is valued at $45,419,970. United Rentals makes up approx 0.23% of Pggm Investments’s portfolio.Stoneridge Investment Partners reduced its stake in URI by selling 45,059 shares or 52.95% in the most recent quarter. The Hedge Fund company now holds 40,031 shares of URI which is valued at $3,224,497. United Rentals makes up approx 0.46% of Stoneridge Investment Partners’s portfolio. Barrett Asset Management sold out all of its stake in URI during the most recent quarter. The investment firm sold 155 shares of URI which is valued $10,828.Creative Planning reduced its stake in URI by selling 1,851 shares or 25.86% in the most recent quarter. The Hedge Fund company now holds 5,308 shares of URI which is valued at $367,526.

United Rentals closed down -0.17 points or -0.21% at $79.67 with 15,82,570 shares getting traded on Friday. Post opening the session at $79.62, the shares hit an intraday low of $78.66 and an intraday high of $80 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, United Rentals reported $2.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.24 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $1.82. The company had revenue of $1421.00 million for the quarter, compared to analysts expectations of $1393.53 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.95 EPS.

Many Wall Street Analysts have commented on United Rentals. Company shares were Reiterated by RBC Capital Mkts on Jul 22, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 80 from a previous price target of $68 .Company shares were Reiterated by Citigroup on Jun 13, 2016 to “Buy”, Firm has raised the Price Target to $ 85 from a previous price target of $72 .Company shares were Reiterated by UBS on Jun 3, 2016 to “Buy”, Firm has raised the Price Target to $ 71 from a previous price target of $56 .

United Rentals Inc. (United Rentals) is a holding company engaged in the business of equipment rental. The Company conducts its operations through its wholly owned subsidiary United Rentals (North America) Inc. (URNA) and its subsidiaries. It operates in two segments: general rentals and trench safety power and heating ventilating and air conditioning (HVAC) and pump solutions. The general rentals segment consists of around 12 geographic regions including eastern Canada Gulf South Mid-Atlantic Mid-Central Midwest Mountain West Northeast Pacific West South Southeast and Western Canada among others. The trench safety power and HVAC and pump solutions segment includes the rental of specialty construction products and related services. It offers approximately 3300 classes of equipment on an hourly daily weekly or monthly basis to construction and industrial companies manufacturers utilities municipalities homeowners Government entities and other customers.

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