November 25, 2016 - By Clifton Ray · 0 Comments
United Rentals Inc (NYSE:URI) institutional sentiment increased to 1.08 in Q2 2016. Its up 0.39, from 0.69 in 2016Q1. The ratio increased, as 170 investment professionals opened new and increased stock positions, while 246 sold and decreased positions in United Rentals Inc. The investment professionals in our partner’s database now have: 76.57 million shares, down from 81.28 million shares in 2016Q1. Also, the number of investment professionals holding United Rentals Inc in their top 10 stock positions decreased from 7 to 5 for a decrease of 2. Sold All: 61 Reduced: 185 Increased: 119 New Position: 51.
United Rentals, Inc. is a holding company engaged in the business of equipment rental. The company has a market cap of $8.54 billion. The Firm conducts its activities through its subsidiary, United Rentals , Inc. (URNA) and subsidiaries of URNA. It has a 15.08 P/E ratio. It operates through two divisions: general rentals, and trench, power and pump.
About 474,488 shares traded hands. United Rentals, Inc. (NYSE:URI) has risen 47.48% since April 22, 2016 and is uptrending. It has outperformed by 42.07% the S&P500.
Analysts await United Rentals, Inc. (NYSE:URI) to report earnings on January, 25. They expect $2.31 earnings per share, up 5.48% or $0.12 from last year’s $2.19 per share. URI’s profit will be $201.42M for 10.60 P/E if the $2.31 EPS becomes a reality. After $2.58 actual earnings per share reported by United Rentals, Inc. for the previous quarter, Wall Street now forecasts -10.47% negative EPS growth.
According to Zacks Investment Research, “United Rentals, Inc. is one of North America’s largest equipment rental companies with over branches in the majority of states, several Canadian provinces and Mexico. The company offers for rent different types of equipment to customers that include construction and industrial companies, manufacturers, utilities, municipalities, homeowners and others.”
Marcato Capital Management Lp holds 8.88% of its portfolio in United Rentals, Inc. for 1.63 million shares. Sg Capital Management Llc owns 223,035 shares or 3.68% of their US portfolio. Moreover, Goodnow Investment Group Llc has 3.35% invested in the company for 214,495 shares. The New York-based P.R. Herzig & Co. Inc. has invested 3.13% in the stock. Lodge Hill Capital Llc, a New York-based fund reported 429,500 shares.#img1#
Ratings analysis reveals 25% of United Rentals Inc.’s analysts are positive. Out of 20 Wall Street analysts rating United Rentals Inc., 5 give it “Buy”, 4 “Sell” rating, while 11 recommend “Hold”. The lowest target is $39 while the high is $110. The stock’s average target of $74.74 is -23.69% below today’s ($97.94) share price. URI was included in 35 notes of analysts from July 21, 2015. Citigroup maintained it with “Buy” rating and $85 target price in Monday, June 13 report. As per Monday, October 24, the company rating was downgraded by Morgan Stanley. The company was upgraded on Monday, January 18 by Longbow. Argus Research initiated the shares of URI in a report on Tuesday, October 4 with “Buy” rating. As per Friday, June 3, the company rating was maintained by UBS. The firm has “Buy” rating by Longbow given on Friday, January 15. The firm earned “Hold” rating on Tuesday, August 4 by Evercore. The rating was initiated by Barclays Capital with “Overweight” on Friday, September 25. The stock has “Underperform” rating given by Macquarie Research on Friday, August 26. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, July 22 report.
United Rentals, Inc. (United Rentals), incorporated on July 20, 1998, is a holding firm engaged in the business of equipment rental. The Firm conducts its activities through its subsidiary, United Rentals (North America), Inc. (URNA) and subsidiaries of URNA. It operates through two divisions: general rentals, and trench, power and pump. The Firm operates in approximately 900 rental locations. Approximately 770 of its locations are in the United States, and over 120 are in Canada.
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By Clifton Ray