At Bancorp Lowers stake in United Rentals (URI)

United Rentals (URI) : At Bancorp reduced its stake in United Rentals by 33.33% during the most recent quarter end. The investment management company now holds a total of 106,755 shares of United Rentals which is valued at $8,349,309 after selling 53,370 shares in United Rentals , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.United Rentals makes up approximately 1.17% of At Bancorp’s portfolio.

Other Hedge Funds, Including , Highland Capital Management added URI to its portfolio by purchasing 21,241 company shares during the most recent quarter which is valued at $1,661,259. United Rentals makes up approx 0.14% of Highland Capital Management’s portfolio. Hexavest sold out all of its stake in URI during the most recent quarter. The investment firm sold 15,287 shares of URI which is valued $1,215,317.Advisory Services Network reduced its stake in URI by selling 839 shares or 25.99% in the most recent quarter. The Hedge Fund company now holds 2,389 shares of URI which is valued at $192,936. United Rentals makes up approx 0.04% of Advisory Services Network’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in URI by selling 909 shares or 3.97% in the most recent quarter. The Hedge Fund company now holds 22,000 shares of URI which is valued at $1,776,720. United Rentals makes up approx 0.04% of Exxonmobil Investment Management Inc Tx’s portfolio.Washington Trust Bank reduced its stake in URI by selling 1,395 shares or 99.29% in the most recent quarter. The Hedge Fund company now holds 10 shares of URI which is valued at $806.

United Rentals closed down -1.78 points or -2.19% at $79.5 with 13,41,809 shares getting traded on Tuesday. Post opening the session at $81.28, the shares hit an intraday low of $78.94 and an intraday high of $81.28 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. United Rentals was Initiated by Argus to “Buy” on Oct 4, 2016. 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 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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