Miller Investment Management Lp buys $2,426,884 stake in United Rentals (URI)

United Rentals (URI) : Miller Investment Management Lp scooped up 2,200 additional shares in United Rentals during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 30,967 shares of United Rentals which is valued at $2,426,884.United Rentals makes up approximately 0.99% of Miller Investment Management Lp’s portfolio.

Other Hedge Funds, Including , Ahl Partners Llp added URI to its portfolio by purchasing 27,789 company shares during the most recent quarter which is valued at $2,177,824. United Rentals makes up approx 0.13% of Ahl Partners Llp’s portfolio.Dubuque Bank Trust Co boosted its stake in URI in the latest quarter, The investment management firm added 53 additional shares and now holds a total of 460 shares of United Rentals which is valued at $36,050. United Rentals makes up approx 0.01% of Dubuque Bank Trust Co’s portfolio.Comerica Bank reduced its stake in URI by selling 820 shares or 3.58% in the most recent quarter. The Hedge Fund company now holds 22,078 shares of URI which is valued at $1,730,253. United Rentals makes up approx 0.01% of Comerica Bank’s portfolio.Blackrock Japan Ltd reduced its stake in URI by selling 134 shares or 0.11% in the most recent quarter. The Hedge Fund company now holds 122,303 shares of URI which is valued at $9,584,886. United Rentals makes up approx 0.03% of Blackrock Japan Ltd’s portfolio. Cg Asset Management added URI to its portfolio by purchasing 32,035 company shares during the most recent quarter which is valued at $2,580,419. United Rentals makes up approx 0.99% of Cg Asset Management’s portfolio.

United Rentals closed down -1.15 points or -1.40% at $81.16 with 13,84,096 shares getting traded on Thursday. Post opening the session at $82, the shares hit an intraday low of $79.699 and an intraday high of $82.3 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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. United Rentals was Initiated by Macquarie to “Underperform” on Aug 26, 2016. United Rentals was Upgraded by BofA/Merrill to ” Neutral” on Aug 18, 2016. 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 .

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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