United Rentals (URI) : Phoenix Investment Adviser added new position in United Rentals during the most recent quarter end. The investment management firm now holds 18,500 shares of United Rentals which is valued at $1,128,500 , the company said in a statement filed on Apr 13, 2016 with the SEC.United Rentals makes up approximately 1.41% of Phoenix Investment Adviser’s portfolio.
United Rentals opened for trading at $60.36 and hit $62.11 on the upside on Monday, eventually ending the session at $61.54, with a gain of 0.89% or 0.54 points. The heightened volatility saw the trading volume jump to 12,24,850 shares. Company has a market cap of $5,598 M.
Other Hedge Funds, Including , Gradient Investments reduced its stake in URI by selling 4,838 shares or 94.96% in the most recent quarter. The Hedge Fund company now holds 257 shares of URI which is valued at $15,677.Exxonmobil Investment Management Inc Tx boosted its stake in URI in the latest quarter, The investment management firm added 1,342 additional shares and now holds a total of 22,149 shares of United Rentals which is valued at $1,351,089. United Rentals makes up approx 0.03% of Exxonmobil Investment Management Inc Tx’s portfolio.Creative Planning boosted its stake in URI in the latest quarter, The investment management firm added 738 additional shares and now holds a total of 7,159 shares of United Rentals which is valued at $426,533.
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 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.