United Rentals, Inc. Can’t Burn Your Long Portfolio. Option Traders are Bullish

 United Rentals, Inc. Can't Burn Your Long Portfolio. Option Traders are Bullish

In today’s session United Rentals, Inc. (URI) registered an unusually high (1,122) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious URI increase. With 1,122 contracts traded and 544 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: URI161021C00082000 closed last at: $1.1 or 37.1% down. About 87,920 shares traded hands. United Rentals, Inc. (NYSE:URI) has risen 27.14% since March 15, 2016 and is uptrending. It has outperformed by 21.66% 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 $215.03 million for 7.70 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 19 analysts covering United Rentals Inc. (NYSE:URI), 5 rate it a “Buy”, 5 “Sell”, while 9 “Hold”. This means 26% are positive. $110 is the highest target while $39 is the lowest. The $74.74 average target is -2.08% below today’s ($76.33) stock price. United Rentals Inc. has been the topic of 33 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of United Rentals, Inc. (NYSE:URI) earned “Neutral” rating by Susquehanna on Friday, January 29. The rating was downgraded by Goldman Sachs to “Sell” on Friday, May 6. The company was initiated on Tuesday, July 21 by Wolfe Research. The company was maintained on Friday, October 23 by Barclays Capital. The firm has “Outperform” rating given on Friday, July 24 by RBC Capital Markets. The company was downgraded on Thursday, September 3 by Vetr. The firm has “Sell” rating given on Friday, October 14 by UBS. Evercore upgraded United Rentals, Inc. (NYSE:URI) on Tuesday, August 4 to “Hold” rating. The firm has “Overweight” rating given on Friday, September 25 by Barclays Capital. The company was initiated on Wednesday, September 7 by Deutsche Bank.

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 is negative, 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.
Guardian Life Insurance Of America accumulated 0% or 344 shares. Alliancebernstein Ltd Partnership holds 0.01% of its portfolio in United Rentals, Inc. (NYSE:URI) for 157,721 shares. Hutchin Hill Cap Limited Partnership last reported 0.05% of its portfolio in the stock. Moreover, Blackrock Institutional Tru Co Na has 0.03% invested in United Rentals, Inc. (NYSE:URI) for 2.76M shares. Washington Trust Fincl Bank, a Washington-based fund reported 1,405 shares. Parkside Bancorp Trust holds 0% of its portfolio in United Rentals, Inc. (NYSE:URI) for 9 shares. Caxton Associates L P holds 0.92% of its portfolio in United Rentals, Inc. (NYSE:URI) for 498,900 shares. Canada Pension Plan Invest Board has 0.05% invested in the company for 179,976 shares. Dekabank Deutsche Girozentrale last reported 3,172 shares in the company. Dumont Blake Investment Advsrs Ltd Company has invested 0.18% of its portfolio in United Rentals, Inc. (NYSE:URI). General Elec last reported 1.11% of its portfolio in the stock. Pacad Ltd last reported 0.03% of its portfolio in the stock. Picton Mahoney Asset Management last reported 0.02% of its portfolio in the stock. Marcato Mgmt Ltd Partnership has invested 8.88% of its portfolio in United Rentals, Inc. (NYSE:URI). Kanaly Com has 29 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 $6.61 billion. The Firm conducts its activities through its subsidiary, United Rentals , Inc. (URNA) and subsidiaries of URNA. It has a 11.58 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.

More news for United Rentals, Inc. (NYSE:URI) were recently published by: Zacks.com, which released: “Is a Surprise Coming for United Rentals (URI) This Earnings Season?” on October 17, 2016. Businesswire.com‘s article titled: “United Rentals, Inc. Third Quarter 2016 Conference Call and Audio Webcast” and published on October 06, 2016 is yet another important article.

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