United Rentals (URI) : Edgemoor Investment Advisors scooped up 16,760 additional shares in United Rentals during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 117,617 shares of United Rentals which is valued at $9,009,462.United Rentals makes up approximately 1.39% of Edgemoor Investment Advisors’s portfolio.
Other Hedge Funds, Including , Diam Ltd. reduced its stake in URI by selling 24,500 shares or 72.83% in the most recent quarter. The Hedge Fund company now holds 9,140 shares of URI which is valued at $700,124. United Rentals makes up approx 0.01% of Diam Ltd.’s portfolio.Herndon Capital Management reduced its stake in URI by selling 214,881 shares or 31.77% in the most recent quarter. The Hedge Fund company now holds 461,582 shares of URI which is valued at $36,774,238. United Rentals makes up approx 1.34% of Herndon Capital Management’s portfolio.Icm Asset Management Incwa reduced its stake in URI by selling 17,988 shares or 47.68% in the most recent quarter. The Hedge Fund company now holds 19,740 shares of URI which is valued at $1,572,686. United Rentals makes up approx 2.13% of Icm Asset Management Incwa’s portfolio.
United Rentals opened for trading at $79.96 and hit $80.76 on the upside on Monday, eventually ending the session at $79.47, with a gain of 0.03% or 0.02 points. The heightened volatility saw the trading volume jump to 10,17,708 shares. Company has a market cap of $6,847 M.
On the company’s financial health, United Rentals reported $2.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.24 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $1.82. The company had revenue of $1421.00 million for the quarter, compared to analysts expectations of $1393.53 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.95 EPS.
Many Wall Street Analysts have commented on United Rentals. Company shares were Reiterated by RBC Capital Mkts on Jul 22, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 80 from a previous price target of $68 .Company shares were Reiterated by Citigroup on Jun 13, 2016 to “Buy”, Firm has raised the Price Target to $ 85 from a previous price target of $72 .Company shares were Reiterated by UBS on Jun 3, 2016 to “Buy”, Firm has raised the Price Target to $ 71 from a previous price target of $56 .
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.