Manor Road Capital Partners buys $11,755,500 stake in United Rentals (URI)

United Rentals (URI) : Manor Road Capital Partners scooped up 20,000 additional shares in United Rentals during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 150,000 shares of United Rentals which is valued at $11,755,500.United Rentals makes up approximately 1.73% of Manor Road Capital Partners’s portfolio.

Other Hedge Funds, Including , Fred Alger Management Inc sold out all of its stake in URI during the most recent quarter. The investment firm sold 228,688 shares of URI which is valued $17,922,279.Tetrem Capital Management Ltd. reduced its stake in URI by selling 98,487 shares or 16.88% in the most recent quarter. The Hedge Fund company now holds 484,995 shares of URI which is valued at $38,009,058. United Rentals makes up approx 1.41% of Tetrem Capital Management Ltd.’s portfolio.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in URI in the latest quarter, The investment management firm added 335 additional shares and now holds a total of 7,086 shares of United Rentals which is valued at $555,330. United Rentals makes up approx 0.01% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in URI by selling 1,078 shares or 4.89% in the most recent quarter. The Hedge Fund company now holds 20,984 shares of URI which is valued at $1,671,795. United Rentals makes up approx 0.01% of Public Employees Retirement Association Of Colorado’s portfolio.

United Rentals closed down -1.15 points or -1.40% at $81.16 with 13,84,096 shares getting traded on Thursday. Post opening the session at $82, the shares hit an intraday low of $79.699 and an intraday high of $82.3 and the price fluctuated in this range throughout the day.Shares ended Thursday 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. Deutsche Bank Initiated United Rentals on Sep 7, 2016 to “Hold”, Price Target of the shares are set at $79.United Rentals was Initiated by Macquarie to “Underperform” on Aug 26, 2016. United Rentals was Upgraded by BofA/Merrill to ” Neutral” on Aug 18, 2016.

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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