Graybill Bartz Assoc Ltd buys $3.5 Million stake in United Rentals (URI)

United Rentals (URI) : Graybill Bartz Assoc Ltd scooped up 17,050 additional shares in United Rentals during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 59,165 shares of United Rentals which is valued at $3.5 Million.United Rentals makes up approximately 3.23% of Graybill Bartz Assoc Ltd’s portfolio.

On the company’s financial health, United Rentals reported $2.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.14 based on the information available during the earnings call on Jan 27, 2016. Analyst had a consensus of $2.33. The company had revenue of $1523.00 million for the quarter, compared to analysts expectations of $1531.41 million. The company’s revenue was down -2.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.19 EPS.

Many Wall Street Analysts have commented on United Rentals. Shares were Reiterated by RBC Capital Mkts on Feb 1, 2016 to “Outperform” and Lowered the Price Target to $ 65 from a previous price target of $90 .Shares were Reiterated by Stifel on Feb 1, 2016 to “Buy” and Lowered the Price Target to $ 57 from a previous price target of $92 .Shares were Reiterated by Oppenheimer on Feb 1, 2016 to “Outperform” and Lowered the Price Target to $ 54 from a previous price target of $85 .

United Rentals opened for trading at $59.88 and hit $60.99 on the upside on Monday, eventually ending the session at $59.58, with a gain of 0.13% or 0.08 points. The heightened volatility saw the trading volume jump to 14,68,231 shares. Company has a market cap of $5,420 M.

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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