P.r. Herzig Lowers stake in United Rentals (URI)

United Rentals (URI) : P.r. Herzig reduced its stake in United Rentals by 10.42% during the most recent quarter end. The investment management company now holds a total of 19,775 shares of United Rentals which is valued at $1,488,464 after selling 2,300 shares in United Rentals , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.United Rentals makes up approximately 2.99% of P.r. Herzig’s portfolio.

Other Hedge Funds, Including , Highland Capital Management added URI to its portfolio by purchasing 21,241 company shares during the most recent quarter which is valued at $1,661,259. United Rentals makes up approx 0.14% of Highland Capital Management’s portfolio. Edge Wealth Management sold out all of its stake in URI during the most recent quarter. The investment firm sold 345 shares of URI which is valued $26,982.Msi Financial Services Inc reduced its stake in URI by selling 1,737 shares or 30.57% in the most recent quarter. The Hedge Fund company now holds 3,945 shares of URI which is valued at $308,538. United Rentals makes up approx 0.01% of Msi Financial Services Inc’s portfolio.Gradient Investments reduced its stake in URI by selling 117 shares or 77.48% in the most recent quarter. The Hedge Fund company now holds 34 shares of URI which is valued at $2,764.

United Rentals closed down -2.94 points or -3.76% at $75.27 with 26,95,566 shares getting traded on Friday. Post opening the session at $76.39, the shares hit an intraday low of $75.05 and an intraday high of $76.9 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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