At Bancorp buys $12.6 Million stake in United Rentals (URI)

United Rentals (URI) : At Bancorp scooped up 65,948 additional shares in United Rentals during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 210,802 shares of United Rentals which is valued at $12.6 Million.United Rentals makes up approximately 1.93% of At Bancorp’s portfolio.

Other Hedge Funds, Including , Boston Private Wealth boosted its stake in URI in the latest quarter, The investment management firm added 156,252 additional shares and now holds a total of 166,007 shares of United Rentals which is valued at $9.9 Million. United Rentals makes up approx 0.41% of Boston Private Wealth’s portfolio. Baird Financial Group added URI to its portfolio by purchasing 12,207 company shares during the most recent quarter which is valued at $730,345. United Rentals makes up approx 0.01% of Baird Financial Group’s portfolio.Utah Retirement Systems reduced its stake in URI by selling 1,000 shares or 5.78% in the most recent quarter. The Hedge Fund company now holds 16,300 shares of URI which is valued at $975,229. United Rentals makes up approx 0.03% of Utah Retirement Systems’s portfolio.Billings Capital Management boosted its stake in URI in the latest quarter, The investment management firm added 64,932 additional shares and now holds a total of 176,693 shares of United Rentals which is valued at $10.6 Million. United Rentals makes up approx 11.11% of Billings Capital Management’s portfolio.Russell Frank Co reduced its stake in URI by selling 26,294 shares or 26.89% in the most recent quarter. The Hedge Fund company now holds 71,479 shares of URI which is valued at $4.8 Million. United Rentals makes up approx 0.01% of Russell Frank Co’s portfolio.

United Rentals opened for trading at $66.1 and hit $68.32 on the upside on Wednesday, eventually ending the session at $68.09, with a gain of 3.56% or 2.34 points. The heightened volatility saw the trading volume jump to 17,87,470 shares. Company has a market cap of $6,026 M.

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 Goldman to ” Sell” on May 6, 2016. 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.

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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