United Rentals Shares Are Cheap Compared To Competition
Alpha Gen Capital
Alpha Gen Capital
Buck The Traders: United Rentals On Sale Now
Ray Merola • 63 Comments
Ray Merola • 63 Comments
Thu, Jan. 28, 10:25 AM
- United Rentals (URI -15.4%) and H&E Equipment Services (HEES -14.6%) are sharply lower after United Rentals issued soft guidance last night, and with UBS chipping away with downgrades.
- The investment firm moves both stocks to Neutral from Buy. URI's price target is chopped to $56 from $94, while H&E's PT goes to $15 from $22.
- Hertz Global (HTZ -5.3%), Ryder (R -1.9%), and Avis Budget (CAR -3.1%) are also feeling some pain.
Thu, Jan. 28, 9:23 AM
- Gainers: NEOS +59%. DNR +17%. BCEI +16%. UA +16%. FB +14%. INO +13%. ATHX +12%. PBR +12%. WLL +11%. MRO +10%. [[PBR-A]] +10%. TRXC +9%. CHK +9%. MLNX +9%. LINE +9%. MT +9%. SDRL +8%. HOG +8%. ETE +8%. STO +8%. CRUS 7%. KMI 7%. BBL 6%. HCA 6%. MJN 6%. CJES 6%. PYPL 6%.
- Losers: NOW -22%. OSIS -22%. EBAY -11%. INVN -10%. URI -10%. INCY -9%. JNPR -10%. OAS -7%.
Wed, Jan. 27, 4:39 PM
- United Rentals (NYSE:URI) is lower after Q4 results fell well-short of the consensus mark of analysts.
- Rental revenue fell 3.2% Y/Y during the quarter.
- The company issued a cautious outlook on 2016, saying it will reduce Q1 capex spending by more than 50% from last year's level.
- United Rentals on capital allocation: "We expect to use our nearly billion dollars of free cash flow this year to buy back shares and pay down debt."
- Previously: United Rentals misses by $0.12, misses on revenue (Jan. 27)
- URI -7.31% AH to $51.70.
Wed, Jan. 27, 4:19 PM
- United Rentals (NYSE:URI): Q4 EPS of $2.19 misses by $0.12.
- Revenue of $1.52B (-2.6% Y/Y) misses by $10M.
- Shares +0.83%.
Tue, Jan. 26, 5:35 PM| Tue, Jan. 26, 5:35 PM | 26 Comments
Oct. 22, 2015, 2:22 PM
- United Rentals (URI +8.8%) rallies after cruising past analyst estimates with Q3 EPS.
- The company saw its cost of equipment rental fall during the quarter
- Full-year guidance from United Rentals is for revenue of $5.8B to $5.9B and adjusted EBITDA of $2.80B to $2.85B.
- Previously: United Rentals beats by $0.24, revenue in-line (Oct. 21)
Oct. 21, 2015, 4:19 PM
- United Rentals (NYSE:URI): Q3 EPS of $2.57 beats by $0.24.
- Revenue of $1.55B (+0.6% Y/Y) in-line.
- Shares +3.9%.
Oct. 20, 2015, 5:35 PM| Oct. 20, 2015, 5:35 PM | 7 Comments
Oct. 8, 2015, 2:21 PM
- Citigroup questions the sustainability of the recent rally for some machinery stocks, saying its cautious view on the global economy and downbeat near-term outlook for most commodities make it wary on the more China/commodity-levered names such as Caterpillar (CAT +1.8%) and Joy Global (JOY +10.9%).
- Citi says short-covering does not appear to have played a major role in the recent rally, at least relative to other heavily-shorted sectors; the firm senses conviction levels have been growing on the short side in recent weeks for JOY, Oshkosh (OSK +2.3%) and United Rentals (URI +3.4%), and historical seasonal patterns argue against being too bearish against Deere (DE +2.2%).
- In light of bearish investor positioning, the firm favors Buy-rated URI, OSK and Eaton (ETN +1.6%).
Sep. 25, 2015, 11:20 AM
- Barclays analyst Robert Wertheimer begins coverage of the U.S. machinery sector with a negative view, seeing consensus estimates too high across the board with revenue for the current cycle already peaking for most of the sector.
- The analyst expects a sharper than expected downturn for North American trucks, with another peak level eight years away; the tractor supercycle is only two years in a downturn, while the prior two supercycles saw seven consecutive down years in machinery sales, Wertheimer says.
- Of the 15 companies in the firm's sector coverage universe, only two are rated Overweight: United Rentals (URI +1.5%) and Allison Transmission (ALSN +0.4%).
- Started with Equal Weight ratings: Actuant (ATU -1.2%), AGCO (AGCO +1%), Caterpillar (CAT -1%), Joy Global (JOY -2.9%), Lincoln Electric (LECO -0.8%), Manitowoc (MTW -1.9%), Terex (TEX -0.7%) and WABCO (WBC -1.2%).
- Rated Underweight: Deere (DE -0.3%), CNH Industrial (CNHI +1.5%), Cummins (CMI -0.8%), PACCAR (PCAR -1%) and Navistar (NAV -2.9%).
Sep. 25, 2015, 8:11 AM
Sep. 17, 2015, 2:58 PM
- Axiom Capital’s Gordon Johnson sees the potential for a “Nightmare on Elm Street scenario” for companies such as U.S. Steel (NYSE:X), Cliffs Natural Resources (NYSE:CLF), Joy Global (NYSE:JOY), Rio Tinto (NYSE:RIO), Fortescue Metals (OTCPK:FSUMF) and United Rentals (NYSE:URI), as steel usage tumbles and truck and crane orders crumble.
- The analyst says U.S. shipments of steel in August totaled 3.3M tons, down 3.8% M/M and 8.9% Y/Y, and compared to the six-year average change of +6.7% M/M and +5.1% Y/Y, suggesting unseasonably weak U.S. demand.
- Johnson also points to today's decision by Konecranes - a global bellwether in the sale of industrial cranes - to cut its full-year guidance due to “rapidly changing market sentiments” in the equipment space.
Jul. 23, 2015, 9:15 AM
Jul. 22, 2015, 5:41 PM
Jul. 22, 2015, 4:21 PM
- United Rentals (NYSE:URI) reports adjusted EBITDA margin rose to 49.4% in Q2.
- Rental revenue +3.5% Y/Y on volume and pricing increases for owned equipment rental.
- The company's time utilization rate fell 150 bps to 66.6%.
- A new $1B share buyback has been approved at the completion of the former plan.
- Guidance: The 2015 outlook on revenue is lowered to $5.8B-$5.9B from $6.0-$6.1B. Adjusted EBITDA of $2.80B-$2.85B seen vs. $2.95B-$3.00B prior.
- URI -3.43% after hours.
Jul. 22, 2015, 4:16 PM
- United Rentals (NYSE:URI): Q2 EPS of $1.95 beats by $0.21.
- Revenue of $1.43B (+2.1% Y/Y) misses by $20M.
- Shares -2.10%.