It Seems United Rentals, Inc. Will Go Down. Had Bearish Options Activity

 It Seems United Rentals, Inc. Will Go Down. Had Bearish Options Activity

In today’s session United Rentals, Inc. (URI) recorded an unusually high (2,594) 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 2,594 contracts traded and 66454 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: URI161216P00080000 closed last at: $0.45 or 10% down. The stock increased 3.50% or $3.29 on November 23, hitting $97.35. About 2.45M shares traded hands or 2.94% up from the average. United Rentals, Inc. (NYSE:URI) has risen 47.48% since April 22, 2016 and is uptrending. It has outperformed by 42.07% the S&P500.

Analysts await United Rentals, Inc. (NYSE:URI) to report earnings on January, 25. They expect $2.31 EPS, up 5.48% or $0.12 from last year’s $2.19 per share. URI’s profit will be $195.05 million for 10.54 P/E if the $2.31 EPS becomes a reality. After $2.58 actual EPS reported by United Rentals, Inc. for the previous quarter, Wall Street now forecasts -10.47% negative EPS growth.

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 -23.23% below today’s ($97.35) stock price. United Rentals Inc. has been the topic of 35 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Monday, October 24 report. The rating was downgraded by Wells Fargo to “Market Perform” on Friday, July 24. Argus Research initiated the shares of URI in a report on Tuesday, October 4 with “Buy” rating. Barclays Capital maintained the stock with “Overweight” rating in Friday, October 23 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, July 22. The stock of United Rentals, Inc. (NYSE:URI) earned “Buy” rating by Longbow on Monday, January 18. The stock of United Rentals, Inc. (NYSE:URI) has “Sell” rating given on Friday, October 14 by UBS. Barclays Capital maintained the stock with “Overweight” rating in Wednesday, October 12 report. Goldman Sachs upgraded the shares of URI in a report on Thursday, November 10 to “Neutral” rating. As per Friday, January 29, the company rating was downgraded by Susquehanna.

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 increased to 1.08 in Q2 2016. Its up 0.39, from 0.69 in 2016Q1. The ratio increased, 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.
Gotham Asset Mngmt Limited Co holds 0.6% or 746,158 shares in its portfolio. General Elec Co accumulated 3.17M shares or 1.11% of the stock. Commonwealth Of Pennsylvania Public School Empls Retrmt holds 0.01% or 7,086 shares in its portfolio. Creative Planning holds 0% of its portfolio in United Rentals, Inc. (NYSE:URI) for 5,308 shares. Sei Invs owns 5,336 shares or 0% of their US portfolio. Johnson Finance Group accumulated 0% or 300 shares. At National Bank reported 160,125 shares or 1.6% of all its holdings. State Board Of Administration Of Florida Retirement Sys has invested 0.03% of its portfolio in United Rentals, Inc. (NYSE:URI). Principal Finance Grp Inc has 0.01% invested in the company for 134,300 shares. Mutual Of America Capital Management Ltd Liability holds 22,675 shares or 0.03% of its portfolio. Herndon Management owns 461,582 shares or 1.18% of their US portfolio. First Dallas holds 0.86% or 16,640 shares in its portfolio. First Republic Inv Management Incorporated owns 3,482 shares or 0% of their US portfolio. Commonwealth Retail Bank Of Australia accumulated 7,300 shares or 0.01% of the stock. Convergence Investment Prtn Limited Liability Company, a Wisconsin-based fund reported 3,358 shares.

United Rentals, Inc. is a holding company engaged in the business of equipment rental. The company has a market cap of $8.22 billion. The Firm conducts its activities through its subsidiary, United Rentals , Inc. (URNA) and subsidiaries of URNA. It has a 14.99 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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