P.r. Herzig buys $1,476,974 stake in United Rentals (URI)

United Rentals (URI) : P.r. Herzig scooped up 250 additional shares in United Rentals during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 22,375 shares of United Rentals which is valued at $1,476,974.United Rentals makes up approximately 3.15% of P.r. Herzig’s portfolio.

United Rentals opened for trading at $62.82 and hit $66.06 on the upside on Friday, eventually ending the session at $66.01, with a gain of 1.76% or 1.14 points. The heightened volatility saw the trading volume jump to 46,53,938 shares. Company has a market cap of $5,842 M.

Other Hedge Funds, Including , Fox Run Management L.l.c. added URI to its portfolio by purchasing 4,900 company shares during the most recent quarter which is valued at $323,449. United Rentals makes up approx 0.21% of Fox Run Management L.l.c.’s portfolio.Simplex Trading reduced its stake in URI by selling 12,359 shares or 84.38% in the most recent quarter. The Hedge Fund company now holds 2,287 shares of URI which is valued at $139,507. United Rentals makes up approx 0.02% of Simplex Trading’s portfolio.Prospera Financial Services Inc boosted its stake in URI in the latest quarter, The investment management firm added 350 additional shares and now holds a total of 3,475 shares of United Rentals which is valued at $211,975. United Rentals makes up approx 0.05% of Prospera Financial Services Inc’s portfolio.British Columbia Investment Management Corp reduced its stake in URI by selling 16,895 shares or 37.85% in the most recent quarter. The Hedge Fund company now holds 27,747 shares of URI which is valued at $1,653,166. United Rentals makes up approx 0.02% of British Columbia Investment Management Corp’s portfolio.

On the company’s financial health, United Rentals reported $1.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.21 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $1.19. The company had revenue of $1310.00 million for the quarter, compared to analysts expectations of $1286.32 million. The company’s revenue was down -.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.34 EPS.

Many Wall Street Analysts have commented on United Rentals. United Rentals was Downgraded by Stifel to ” Hold” on Apr 22, 2016. United Rentals was Downgraded by BofA/Merrill to ” Underperform” on Apr 22, 2016. 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 .

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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