In today’s session United Rentals, Inc. (URI) recorded an unusually high (1,011) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious URI decrease. With 1,011 contracts traded and 12714 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: URI161118P00075000 closed last at: $2.1 or 6.7% down. About 282,739 shares traded hands. United Rentals, Inc. (NYSE:URI) has risen 20.51% since March 29, 2016 and is uptrending. It has outperformed by 17.03% the S&P500.
United Rentals, Inc. (NYSE:URI) Ratings Coverage
Out of 20 analysts covering United Rentals Inc. (NYSE:URI), 5 rate it a “Buy”, 5 “Sell”, while 10 “Hold”. This means 25% are positive. $110 is the highest target while $39 is the lowest. The $74.74 average target is -0.95% below today’s ($75.46) stock price. United Rentals Inc. has been the topic of 34 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by UBS on Friday, June 3. The firm earned “Sell” rating on Friday, May 6 by Goldman Sachs. The stock has “Neutral” rating given by Bank of America on Friday, September 25. As per Friday, July 22, the company rating was maintained by RBC Capital Markets. On Monday, June 13 the stock rating was maintained by Citigroup with “Buy”. The firm has “Hold” rating given on Wednesday, September 7 by Deutsche Bank. The firm earned “Hold” rating on Tuesday, August 4 by Evercore. The rating was maintained by Barclays Capital on Wednesday, October 12 with “Overweight”. Longbow upgraded United Rentals, Inc. (NYSE:URI) on Monday, January 18 to “Buy” rating. Susquehanna downgraded United Rentals, Inc. (NYSE:URI) on Friday, January 29 to “Neutral” rating.
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 Q2 2016. Its down 0.22, from 0.91 in 2016Q1. The ratio turned 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.
Oakbrook Investments Limited Co reported 5,600 shares or 0.02% of all its holdings. Bremer National Association last reported 0.1% of its portfolio in the stock. The Germany-based Dekabank Deutsche Girozentrale has invested 0% in United Rentals, Inc. (NYSE:URI). Royal London Asset Mgmt has 0.03% invested in the company for 28,677 shares. Blackrock Fund Advisors has invested 0.02% of its portfolio in United Rentals, Inc. (NYSE:URI). Comml Bank Of New York Mellon holds 0.01% of its portfolio in United Rentals, Inc. (NYSE:URI) for 717,166 shares. Gru One Trading Ltd Partnership accumulated 0% or 675 shares. Bnp Paribas Arbitrage, a New York-based fund reported 24,982 shares. California Employees Retirement has invested 0.03% of its portfolio in United Rentals, Inc. (NYSE:URI). Creative Planning holds 5,308 shares or 0% of its portfolio. Swiss Savings Bank holds 0.03% of its portfolio in United Rentals, Inc. (NYSE:URI) for 254,900 shares. Goodnow Invest Gp Lc last reported 214,495 shares in the company. Icm Asset Mngmt Inc Wa holds 1.93% of its portfolio in United Rentals, Inc. (NYSE:URI) for 19,740 shares. Moreover, Bank has 0.13% invested in United Rentals, Inc. (NYSE:URI) for 13,717 shares. Voya Inv Mngmt Limited Liability Corp last reported 0.01% of its portfolio in the stock.
United Rentals, Inc. is a holding company engaged in the business of equipment rental. The company has a market cap of $6.28 billion. The Firm conducts its activities through its subsidiary, United Rentals , Inc. (URNA) and subsidiaries of URNA. It has a 11.62 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 recent United Rentals, Inc. (NYSE:URI) news were published by: Businesswire.com which released: “United Rentals to Present at Goldman Sachs 2016 Industrials Conference” on October 19, 2016. Also Seekingalpha.com published the news titled: “United Rentals Is A Free Cash Flow Machine” on October 24, 2016. Businesswire.com‘s news article titled: “United Rentals, Inc. Third Quarter 2016 Conference Call and Audio Webcast” with publication date: October 06, 2016 was also an interesting one.
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