Could United Rentals, Inc. Lose Strenght? Option Traders Don’t Think So

 Could United Rentals, Inc. Lose Strenght? Option Traders Don't Think So

In today’s session United Rentals, Inc. (URI) registered an unusually high (426) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious URI increase. With 426 contracts traded and 6914 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: URI161118C00080000 closed last at: $9.8 or 1125% up. About 518,660 shares traded hands. United Rentals, Inc. (NYSE:URI) has risen 50.22% since April 11, 2016 and is uptrending. It has outperformed by 44.07% 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”, 4 “Sell”, while 11 “Hold”. This means 25% are positive. $110 is the highest target while $39 is the lowest. The $74.74 average target is -17.02% below today’s ($90.07) stock price. United Rentals Inc. has been the topic of 35 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating given on Friday, September 25 by Barclays Capital. The firm earned “Overweight” rating on Friday, October 23 by Barclays Capital. Longbow upgraded United Rentals, Inc. (NYSE:URI) on Friday, January 15 to “Buy” rating. As per Thursday, August 18, the company rating was upgraded by Bank of America. The stock of United Rentals, Inc. (NYSE:URI) earned “Neutral” rating by Susquehanna on Friday, January 29. UBS maintained the shares of URI in a report on Friday, June 3 with “Buy” rating. The rating was downgraded by Longbow to “Neutral” on Friday, January 29. Oppenheimer downgraded the stock to “Perform” rating in Friday, April 1 report. Stifel Nicolaus maintained United Rentals, Inc. (NYSE:URI) on Friday, October 23 with “Buy” rating. The stock of United Rentals, Inc. (NYSE:URI) earned “Buy” rating by Argus Research on Tuesday, October 4.

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 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.
Moreover, Thompson Davis Inc has 0.02% invested in United Rentals, Inc. (NYSE:URI) for 151 shares. Louisiana State Employees Retirement Sys has invested 0.02% of its portfolio in United Rentals, Inc. (NYSE:URI). Hartford Investment Mngmt Co has invested 0.03% of its portfolio in United Rentals, Inc. (NYSE:URI). The Germany-based Allianz Asset Management Ag has invested 0% in United Rentals, Inc. (NYSE:URI). Swiss National Bank & Trust holds 254,900 shares or 0.03% of its portfolio. Denver Llc, a Colorado-based fund reported 33,541 shares. Paradigm Asset Management Co Limited Liability Company has 0% invested in the company for 7,100 shares. Burns J W And Ny has 0.19% invested in the company for 9,100 shares. Moreover, Virginia Retirement Et Al has 0.01% invested in United Rentals, Inc. (NYSE:URI) for 9,800 shares. The California-based California Pub Employees Retirement Systems has invested 0.03% in United Rentals, Inc. (NYSE:URI). Guggenheim Ltd Company last reported 0.08% of its portfolio in the stock. Rbf Capital Ltd Liability Company holds 0.07% of its portfolio in United Rentals, Inc. (NYSE:URI) for 5,000 shares. Advantus holds 0.02% of its portfolio in United Rentals, Inc. (NYSE:URI) for 8,499 shares. Texas Permanent School Fund, a Texas-based fund reported 28,714 shares. Dubuque Bankshares And Com accumulated 460 shares or 0.01% of the stock.

United Rentals, Inc. is a holding company engaged in the business of equipment rental. The company has a market cap of $7.64 billion. The Firm conducts its activities through its subsidiary, United Rentals , Inc. (URNA) and subsidiaries of URNA. It has a 13.87 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.

Another recent and important United Rentals, Inc. (NYSE:URI) news was published by Businesswire.com which published an article titled: “United Rentals Opens Seven More Specialty Rental Branches” on November 09, 2016.

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