United Rentals (URI) : Longbow Capital Partners added new position in United Rentals during the most recent quarter end. The investment management firm now holds 2,900 shares of United Rentals which is valued at $274,601 , the company said in a statement filed on Nov 14, 2016 with the SEC.United Rentals makes up approximately 60.39% of Longbow Capital Partners’s portfolio.
Other Hedge Funds, Including , Roosevelt Investment Group Inc boosted its stake in URI in the latest quarter, The investment management firm added 141,635 additional shares and now holds a total of 222,717 shares of United Rentals which is valued at $21,089,073. United Rentals makes up approx 1.69% of Roosevelt Investment Group Inc’s portfolio.Baldwin Brothers Incma reduced its stake in URI by selling 1,680 shares or 1.17% in the most recent quarter. The Hedge Fund company now holds 142,382 shares of URI which is valued at $10,836,694. United Rentals makes up approx 2.03% of Baldwin Brothers Incma’s portfolio.Blackrock Fund Advisors boosted its stake in URI in the latest quarter, The investment management firm added 19,787 additional shares and now holds a total of 1,477,320 shares of United Rentals which is valued at $112,438,825. United Rentals makes up approx 0.02% of Blackrock Fund Advisors’s portfolio.Macguire Cheswick Tuttle Investment Counsel reduced its stake in URI by selling 85,749 shares or 56.79% in the most recent quarter. The Hedge Fund company now holds 65,237 shares of URI which is valued at $4,715,983. United Rentals makes up approx 1.09% of Macguire Cheswick Tuttle Investment Counsel’s portfolio.1st Global Advisors reduced its stake in URI by selling 520 shares or 9.75% in the most recent quarter. The Hedge Fund company now holds 4,814 shares of URI which is valued at $363,842. United Rentals makes up approx 0.05% of 1st Global Advisors’s portfolio.
United Rentals closed down -1.28 points or -1.39% at $90.95 with 14,49,679 shares getting traded on Monday. Post opening the session at $92.74, the shares hit an intraday low of $90.77 and an intraday high of $92.8 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, United Rentals reported $2.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Oct 19, 2016. Analyst had a consensus of $2.44. The company had revenue of $1508.00 million for the quarter, compared to analysts expectations of $1524.38 million. The company’s revenue was down -2.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.57 EPS.
Many Wall Street Analysts have commented on United Rentals. United Rentals was Upgraded by Goldman to ” Neutral” on Nov 10, 2016. United Rentals was Downgraded by Morgan Stanley to ” Equal-Weight” on Oct 24, 2016. United Rentals was Initiated by Argus to “Buy” on Oct 4, 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.