Price Action To Observe: United Rentals, Inc. Has Another Very Weak Trading Session

Price Action To Observe: United Rentals, Inc. Has Another Very Weak Trading Session

The stock of United Rentals, Inc. (NYSE:URI) is a huge mover today! About 666,690 shares traded hands. United Rentals, Inc. (NYSE:URI) has risen 44.74% since March 4, 2016 and is uptrending. It has outperformed by 36.70% the S&P500.
The move comes after 5 months negative chart setup for the $7.20 billion company. It was reported on Oct, 7 by We have $76.10 PT which if reached, will make NYSE:URI worth $432.00M less.

Analysts await United Rentals, Inc. (NYSE:URI) to report earnings on October, 19. They expect $2.48 earnings per share, down 3.50% or $0.09 from last year’s $2.57 per share. URI’s profit will be $220.55 million for 8.16 P/E if the $2.48 EPS becomes a reality. After $2.06 actual earnings per share reported by United Rentals, Inc. for the previous quarter, Wall Street now forecasts 20.39% EPS growth.

United Rentals, Inc. (NYSE:URI) Ratings Coverage

Out of 18 analysts covering United Rentals Inc. (NYSE:URI), 5 rate it a “Buy”, 4 “Sell”, while 9 “Hold”. This means 28% are positive. United Rentals Inc. has been the topic of 31 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was initiated by Wolfe Research with “Underperform” on Tuesday, July 21. The rating was upgraded by Evercore on Tuesday, August 4 to “Hold”. Bank of America upgraded the shares of URI in a report on Thursday, August 18 to “Neutral” rating. Bank of America upgraded the shares of URI in a report on Friday, September 25 to “Neutral” rating. The firm has “Neutral” rating given on Friday, January 29 by Susquehanna. The company was downgraded on Friday, April 1 by Oppenheimer. The rating was maintained by UBS on Friday, June 3 with “Buy”. The firm has “Overweight” rating given on Friday, September 25 by Barclays Capital. The company was initiated on Friday, August 26 by Macquarie Research. Argus Research initiated the stock with “Buy” rating in Tuesday, October 4 report.

According to Zacks Investment Research, “United Rentals, Inc. is one of North America’s largest equipment rental companies with over branches in the majority of states, several Canadian provinces and Mexico. The company offers for rent different types of equipment to customers that include construction and industrial companies, manufacturers, utilities, municipalities, homeowners and others.”

Insitutional Activity: The institutional sentiment decreased to 0.69 in 2016 Q2. Its down 0.22, from 0.91 in 2016Q1. The ratio fall, as 61 funds sold all United Rentals, Inc. shares owned while 185 reduced positions. 51 funds bought stakes while 119 increased positions. They now own 76.57 million shares or 5.79% less from 81.28 million shares in 2016Q1.
Parametric Assoc Ltd Com last reported 194,050 shares in the company. The United Kingdom-based Aviva Public Ltd Com has invested 0.02% in United Rentals, Inc. (NYSE:URI). Commonwealth Equity Service Inc reported 4,027 shares or 0% of all its holdings. Buckingham Cap Mngmt, a New York-based fund reported 103,714 shares. Parkside National Bank & Trust And holds 0% of its portfolio in United Rentals, Inc. (NYSE:URI) for 9 shares. Swiss Savings Bank owns 254,900 shares or 0.03% of their US portfolio. Westport Advisers Ltd Liability Company holds 2.27% of its portfolio in United Rentals, Inc. (NYSE:URI) for 183,400 shares. Northern Tru Corp holds 0.02% or 1.07 million shares in its portfolio. Millennium Mgmt Ltd accumulated 0% or 27,403 shares. Dumont And Blake Invest Advisors Ltd Com accumulated 0.18% or 5,470 shares. Roosevelt Investment Gp Inc accumulated 81,082 shares or 0.42% of the stock. Utah Retirement has invested 0.03% of its portfolio in United Rentals, Inc. (NYSE:URI). New York State Teachers Retirement Systems owns 184,403 shares or 0.03% of their US portfolio. Trilogy Lp has 0.44% invested in the company for 214,307 shares. Suntrust Banks has 13,231 shares for 0.01% of their US portfolio.

Another recent and important United Rentals, Inc. (NYSE:URI) news was published by which published an article titled: “United Rentals, Inc. Third Quarter 2016 Conference Call and Audio Webcast” on October 06, 2016.

URI Company Profile

United Rentals, Inc. (United Rentals), incorporated on July 20, 1998, is a holding firm engaged in the business of equipment rental. The Firm conducts its activities through its subsidiary, United Rentals (North America), Inc. (URNA) and subsidiaries of URNA. It operates through two divisions: general rentals, and trench, power and pump. The Firm operates in approximately 900 rental locations. Approximately 770 of its locations are in the United States, and over 120 are in Canada.

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