United Rentals, Inc. (URI) Seeing Success in Recovery; Do Hedge Funds Agree?

United Rentals, Inc. (NYSE:URI) feels that the U.S. economy is on the path to recovery. The company provides expert equipment rentals, temporary power, climate control, trench safety industrial tool and technology services through its 822 branches. The company is the largest service organization of its kind in the entire North America. United Rentals, Inc. is very bullish about the American economy and is planning to increase its number of branches.

United Rentals, Inc. (NYSE:URI)

United Rentals, Inc.’s optimism rubs off on hedge funds as well

Hedge funds are bullish about United Rentals, Inc. (NYSE:URI), with 53 hedge funds staying invested in United Rentals, Inc. at the end of the third quarter. This represented an increase of 10 percent over the previous quarter.

According to hedge fund intelligence website Insider Monkey, Richard McGuire’s Marcato Capital Management holds stocks worth $256.8 million in the company amounting to 16.5 percent of the fund’s portfolio value. It has increased its investment by 26 percent in the third quarter. The second-largest holding is PAR Capital Management, managed by Paul Reeder and Edward Shapiro, which held a $59.6-million position, amounting to 1.8 percent of the 13F portfolio. Other hedge funds with notable holdings are John Armitage’s Egerton Capital Limited, Crispin Odey’s Odey Asset Management Group and Philip Hempleman’s Ardsley Partners.

Several hedge funds also initiated investments in United Rentals, Inc. (NYSE:URI) in the third quarter. PDT Partners, managed by Peter Muller, initiated the largest position in United Rentals, Inc., with $8.1 million invested in the company at the end of the quarter. Anand Parekh’s Alyeska Investment Group also initiated a $7.7-million position during the quarter. Other new investors included Jason Adler’s AlphaBet Management, Larry Foley and Paul Farrell’s Bronson Point Partners, and John Overdeck and David Siegel’s Two Sigma Advisors.

How have insiders been trading United Rentals, Inc.?

Looking at Insider sales and purchases over the past 180 days give some unique insight about the company. Over the latest six-month time period, United Rentals, Inc. (NYSE:URI) has experienced zero unique insiders purchasing and seven insider sales (see the details of insider trades here).

Comparison with peer companies is essential to understand the company’s standing in the industry. United Rentals, Inc. (NYSE:URI) is in the rental and leasing services industry and companies with similar market capitalization are Air Lease Corp (NYSE:AL), Hertz Global Holdings, Inc. (NYSE:HTZ), Avis Budget Group Inc. (NASDAQ:CAR), Ryder System, Inc. (NYSE:R) and AMERCO (NASDAQ:UHAL). Let us compare these peer-group companies in terms of number of hedge funds invested, and insider trade activity.

Company Name # of Hedge Funds # of Insiders Buying # of Insiders Selling
Air Lease Corp (NYSE:AL) 20 0 4
Hertz Global Holdings, Inc. (NYSE:HTZ) 87 2 3
Avis Budget Group Inc. (NASDAQ:CAR) 37 0 7
Ryder System, Inc. (NYSE:R) 29 0 6
AMERCO (NASDAQ:UHAL) 23 1 0

Hertz Global Holdings, Inc. (NYSE:HTZ) with a $10.90 billion market cap is the most popular stock among hedge-fund managers with 87 managers putting their faith in the company. United Rentals, Inc. (NYSE:URI) with a $6.42 billion market cap is the second-most popular with 53 hedge funds invested in the company. Both United Rentals, Inc. and Avis Budget Group Inc. (NASDAQ:CAR) lead in insider trade transactions.


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