Stock of The Day: Does United Rentals, Inc. Have Any Gas After Today’s Significant Increase?

October 4, 2016October 4, 2016Clifton Ray

The stock of United Rentals, Inc. (NYSE:URI) is a huge mover today! About 1.02 million shares traded hands. United Rentals, Inc. (NYSE:URI) has risen 50.43% since March 1, 2016 and is uptrending. It has outperformed by 41.19% the S&P500.
The move comes after 6 months positive chart setup for the $6.90B company. It was reported on Oct, 4 by Barchart.com. We have $121.05 PT which if reached, will make NYSE:URI worth $3.59B more.

Analysts await United Rentals, Inc. (NYSE:URI) to report earnings on October, 19. They expect $2.48 EPS, down 3.50% or $0.09 from last year’s $2.57 per share. URI’s profit will be $214.87 million for 8.03 P/E if the $2.48 EPS becomes a reality. After $2.06 actual EPS 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. RBC Capital Markets maintained the shares of URI in a report on Friday, July 22 with “Sector Perform” rating. The rating was downgraded by Susquehanna on Friday, January 29 to “Neutral”. The company was downgraded on Friday, July 24 by Wells Fargo. The company was downgraded on Friday, April 1 by Oppenheimer. Bank of America upgraded the shares of URI in a report on Friday, September 25 to “Neutral” rating. On Friday, August 26 the stock rating was initiated by Macquarie Research with “Underperform”. The stock of United Rentals, Inc. (NYSE:URI) earned “Overweight” rating by Barclays Capital on Friday, October 23. The stock of United Rentals, Inc. (NYSE:URI) earned “Buy” rating by Citigroup on Monday, June 13. The stock of United Rentals, Inc. (NYSE:URI) earned “Outperform” rating by RBC Capital Markets on Friday, July 24. The stock of United Rentals, Inc. (NYSE:URI) has “Buy” rating given on Friday, June 3 by UBS.

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.
Zurcher Kantonalbank (Zurich Cantonalbank) holds 11,105 shares or 0.01% of its portfolio. Wfg Advsrs L P holds 1,735 shares or 0.03% of its portfolio. Virginia Retirement Sys Et Al accumulated 9,800 shares or 0.01% of the stock. Denver Investment Advsr has 33,541 shares for 0.1% of their US portfolio. Stoneridge Invest Partners Limited Liability Company holds 0.4% of its portfolio in United Rentals, Inc. (NYSE:URI) for 40,031 shares. Pggm Invests, a Netherlands-based fund reported 563,873 shares. Blair William & Co Il holds 0% of its portfolio in United Rentals, Inc. (NYSE:URI) for 4,485 shares. Bluefin Trading Limited Liability Corporation has 0.53% invested in the company for 80,003 shares. Finemark Retail Bank & Tru holds 0% or 381 shares in its portfolio. Hudock Cap Group Ltd Liability Corporation last reported 36 shares in the company. Picton Mahoney Asset Management accumulated 0.02% or 4,900 shares. Pictet Asset Management last reported 46,389 shares in the company. Dupont Mngmt Corporation last reported 47,541 shares in the company. Synovus Fincl has invested 0% of its portfolio in United Rentals, Inc. (NYSE:URI). New England Rech & Management holds 0.7% of its portfolio in United Rentals, Inc. (NYSE:URI) for 12,075 shares.

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.