New England Research Management buys $1,740,528 stake in United Rentals (URI)

United Rentals (URI) : New England Research Management scooped up 9,525 additional shares in United Rentals during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 5, 2016. The investment management firm now holds a total of 21,600 shares of United Rentals which is valued at $1,740,528.United Rentals makes up approximately 1.47% of New England Research Management’s portfolio.

Other Hedge Funds, Including , Chevy Chase Trust Holdings reduced its stake in URI by selling 3,704 shares or 4.88% in the most recent quarter. The Hedge Fund company now holds 72,208 shares of URI which is valued at $5,818,521. United Rentals makes up approx 0.03% of Chevy Chase Trust Holdings’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.Eqis Capital Management reduced its stake in URI by selling 142 shares or 2.22% in the most recent quarter. The Hedge Fund company now holds 6,245 shares of URI which is valued at $503,222. United Rentals makes up approx 0.03% of Eqis Capital Management’s portfolio. Harbour Capital Advisors sold out all of its stake in URI during the most recent quarter. The investment firm sold 6,728 shares of URI which is valued $542,142.

United Rentals opened for trading at $80.15 and hit $80.88 on the upside on Tuesday, eventually ending the session at $79.16, with a gain of 0.29% or 0.23 points. The heightened volatility saw the trading volume jump to 19,70,021 shares. Company has a market cap of $6,821 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. 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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