Hanlon Investment Management adds United Rentals (URI) to its portfolio

United Rentals (URI) : Hanlon Investment Management added new position in United Rentals during the most recent quarter end. The investment management firm now holds 70,055 shares of United Rentals which is valued at $5,366,213 , the company said in a statement filed on Aug 2, 2016 with the SEC.United Rentals makes up approximately 0.46% of Hanlon Investment Management’s portfolio.

Other Hedge Funds, Including , New Jersey Better Educational Savings Trust sold out all of its stake in URI during the most recent quarter. The investment firm sold 10,000 shares of URI which is valued $766,000.Retirement Systems Of Alabama reduced its stake in URI by selling 40,288 shares or 47.17% in the most recent quarter. The Hedge Fund company now holds 45,119 shares of URI which is valued at $3,634,335. United Rentals makes up approx 0.02% of Retirement Systems Of Alabama’s portfolio.Gemmer Asset Management reduced its stake in URI by selling 10 shares or 4.52% in the most recent quarter. The Hedge Fund company now holds 211 shares of URI which is valued at $16,504. United Rentals makes up approx 0.01% of Gemmer Asset Management’s portfolio.

United Rentals opened for trading at $79.96 and hit $80.76 on the upside on Monday, eventually ending the session at $79.47, with a gain of 0.03% or 0.02 points. The heightened volatility saw the trading volume jump to 10,17,708 shares. Company has a market cap of $6,847 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 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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