Advisory Services Network Lowers stake in United Rentals (URI)

United Rentals (URI) : Advisory Services Network reduced its stake in United Rentals by 25.99% during the most recent quarter end. The investment management company now holds a total of 2,389 shares of United Rentals which is valued at $192,936 after selling 839 shares in United Rentals , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.United Rentals makes up approximately 0.04% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in URI by selling 909 shares or 3.97% in the most recent quarter. The Hedge Fund company now holds 22,000 shares of URI which is valued at $1,776,720. United Rentals makes up approx 0.04% of Exxonmobil Investment Management Inc Tx’s portfolio. First American Trust Fsb added URI to its portfolio by purchasing 24,006 company shares during the most recent quarter which is valued at $1,934,403. United Rentals makes up approx 0.61% of First American Trust Fsb’s portfolio.Independent Portfolio Consultants reduced its stake in URI by selling 455 shares or 5.59% in the most recent quarter. The Hedge Fund company now holds 7,685 shares of URI which is valued at $619,257. United Rentals makes up approx 0.19% of Independent Portfolio Consultants’s portfolio.New England Research Management boosted its stake in URI in the latest quarter, The investment management firm added 9,525 additional shares and now holds a total of 21,600 shares of United Rentals which is valued at $1,740,528. United Rentals makes up approx 1.47% of New England Research Management’s portfolio.Burns J W Co Incny boosted its stake in URI in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 10,100 shares of United Rentals which is valued at $813,858. United Rentals makes up approx 0.25% of Burns J W Co Incny’s portfolio.

United Rentals closed down -2.45 points or -2.94% at $80.76 with 20,86,308 shares getting traded on Friday. Post opening the session at $82.83, the shares hit an intraday low of $80.415 and an intraday high of $82.83 and the price fluctuated in this range throughout the day.Shares ended Friday 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 Argus to “Buy” on Oct 4, 2016. Deutsche Bank Initiated United Rentals on Sep 7, 2016 to “Hold”, Price Target of the shares are set at $79.United Rentals was Initiated by Macquarie to “Underperform” on Aug 26, 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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