United Rentals (URI) : Graybill Bartz Assoc Ltd reduced its stake in United Rentals by 33.44% during the most recent quarter end. The investment management company now holds a total of 39,380 shares of United Rentals which is valued at $2,751,087 after selling 19,785 shares in United Rentals , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.United Rentals makes up approximately 2.43% of Graybill Bartz Assoc Ltd’s portfolio.
Other Hedge Funds, Including , Eagle Asset Management Inc added URI to its portfolio by purchasing 226,606 company shares during the most recent quarter which is valued at $15,830,695. United Rentals makes up approx 0.11% of Eagle Asset Management Inc’s portfolio.Cribstone Capital Management reduced its stake in URI by selling 9,178 shares or 94.33% in the most recent quarter. The Hedge Fund company now holds 552 shares of URI which is valued at $38,563. United Rentals makes up approx 0.02% of Cribstone Capital Management’s portfolio.Gradient Investments reduced its stake in URI by selling 106 shares or 41.25% in the most recent quarter. The Hedge Fund company now holds 151 shares of URI which is valued at $10,446.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.Exxonmobil Investment Management Inc Tx boosted its stake in URI in the latest quarter, The investment management firm added 760 additional shares and now holds a total of 22,909 shares of United Rentals which is valued at $1,544,983. United Rentals makes up approx 0.03% of Exxonmobil Investment Management Inc Tx’s portfolio.
United Rentals opened for trading at $68 and hit $70.09 on the upside on Wednesday, eventually ending the session at $69.86, with a gain of 2.84% or 1.93 points. The heightened volatility saw the trading volume jump to 27,74,352 shares. Company has a market cap of $6,183 M.
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 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 was Downgraded by Goldman to ” Sell” on May 6, 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.