United Rentals, Inc. Just Recorded A Sigfniciant Bearish Options Activity


 United Rentals, Inc. Just Recorded A Sigfniciant Bearish Options Activity

In today’s session United Rentals, Inc. (URI) recorded an unusually high (2,300) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious URI decrease. With 2,300 contracts traded and 55614 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: URI161216P00075000 closed last at: $4.1 or 2.4% down. About 983,891 shares traded hands. United Rentals, Inc. (NYSE:URI) has risen 45.76% since March 2, 2016 and is uptrending. It has outperformed by 37.50% the S&P500.

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 $214.17M for 8.22 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. On Friday, June 3 the stock rating was maintained by UBS with “Buy”. The rating was initiated by Wolfe Research on Tuesday, July 21 with “Underperform”. The firm earned “Buy” rating on Monday, January 18 by Longbow. The rating was maintained by Jefferies on Monday, April 4 with “Buy”. Barclays Capital initiated United Rentals, Inc. (NYSE:URI) rating on Friday, September 25. Barclays Capital has “Overweight” rating and $77 price target. The firm has “Hold” rating by Evercore given on Tuesday, August 4. The rating was upgraded by Bank of America on Thursday, August 18 to “Neutral”. Vetr downgraded the shares of URI in a report on Thursday, September 3 to “Hold” rating. The stock has “Buy” rating given by Stifel Nicolaus on Friday, October 23. Susquehanna downgraded the stock to “Neutral” rating in Friday, January 29 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 worsened, 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.
Td Asset Mgmt holds 0% of its portfolio in United Rentals, Inc. (NYSE:URI) for 39,950 shares. Envestnet Asset Management accumulated 21,059 shares or 0.01% of the stock. Barnett & Inc accumulated 160 shares or 0.01% of the stock. Us Fincl Bank De accumulated 8,050 shares or 0% of the stock. Massmutual Tru Fsb Adv accumulated 0% or 19,914 shares. Aviva Plc, a United Kingdom-based fund reported 48,541 shares. Moreover, State Of New Jersey Common Pension Fund D has 0.1% invested in United Rentals, Inc. (NYSE:URI) for 320,000 shares. Burns J W And Communication Inc Ny last reported 0.19% of its portfolio in the stock. The Ohio-based Lenox Wealth Mngmt Inc has invested 0% in United Rentals, Inc. (NYSE:URI). United Services Automobile Association accumulated 0.01% or 27,248 shares. New York State Common Retirement Fund holds 0.02% or 231,300 shares in its portfolio. The Connecticut-based Cubist Systematic Strategies Limited Liability Com has invested 0.03% in United Rentals, Inc. (NYSE:URI). Robeco Institutional Asset Management Bv, a Netherlands-based fund reported 19,218 shares. The Iowa-based Principal Fincl Gru has invested 0.01% in United Rentals, Inc. (NYSE:URI). Allianz Asset Mngmt Ag has 129,656 shares for 0% of their US portfolio.

United Rentals, Inc. is a holding company engaged in the business of equipment rental. The company has a market cap of $7.04 billion. The Firm conducts its activities through its subsidiary, United Rentals , Inc. (URNA) and subsidiaries of URNA. It has a 12.37 P/E ratio. It operates through two divisions: general rentals, and trench, power and pump.

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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