Ray Dalio increased its stake in United Rentals Inc (NYSE:URI) by 225.86% based on its latest Q3 2015 regulatory filing with the SEC. Bridgewater Associates Lp bought 169,718 shares as the company’s stock declined 28.17% with the market. The hedge fund run by Ray Dalio held 244,862 shares of the technology company at the end of Q3, valued at $14.70 million, up from 75,144 at the end of the previous reported quarter. Bridgewater Associates Lp who had been investing in United Rentals Inc since many months, is probably bullish the $6.27 billion market cap company. The stock decreased 4.93% or $3.5 on December 11, hitting $67.56. About 1.84M shares traded hands or 10.18% up from the average. United Rentals, Inc. (NYSE:URI) has declined 33.54% since May 11, 2015 and is downtrending. It has underperformed by 29.12% the S&P500.
Bridgewater Associates Lp, which manages about $7.47 billion US Long portfolio, decreased its stake in Spdr S&P 500 Etf Tr (SPY) by 230,300 shares to 10.24M shares, valued at $1.96 billion in Q3, according to the filing. It also reduced its holding in Foot Locker Inc (NYSE:FL) by 181,402 shares in the quarter, leaving it with 7,911 shares, and cut its stake in Vanguard Intl Equity Index F (VWO).
Bridgewater Associates Lp is a Connecticut-based hedge fund that was founded by Ray Dalio. It had more than $197.00 billion assets under management in November, 2014. This fund invests only a small percentage of its assets in equities and options. Bridgewater Associates Lp is the 19th largest hedge fund in our database. Taken from Bridgewater Associates latest Adv, the fund reported to have 1274 full and part-time employees. Among which 375 performing investment advisory and research functions. The hedge fund had more than 114 clients.
The institutional sentiment decreased to 0.78 in Q3 2015. Its down 0.24, from 1.02 in 2015Q2. The ratio fall, as 127 funds sold all URI shares owned while 171 reduced positions. 66 funds bought stakes while 165 increased positions. They now own 75.39 million shares or 16.92% less from 90.74 million shares in 2015Q2.
Lodge Hill Capital Llc holds 3.46% of its portfolio in URI for 270,000 shares. P.R. Herzig & Co. Inc. owns 21,325 shares or 3.21% of their US portfolio. Moreover, Metropolitan Capital Advisors Inc has 3.09% invested in the company for 55,875 shares. The New York-based Argonaut Capital Management Corp has invested 3.02% in the stock. Two Creeks Capital Management Lp, a New York-based fund reported 450,298 shares.
Out of 15 analysts covering United Rentals Inc. (NYSE:URI), 11 rate it “Buy”, 1 “Sell”, while 8 “Hold”. This means 55% are positive. United Rentals Inc. was the topic in 14 analyst reports since July 21, 2015 according to StockzIntelligence Inc.
More important recent United Rentals, Inc. (NYSE:URI) news were published by: Seekingalpha.com which released: “United Rentals: Market Leader At A Discount” on December 08, 2015, also Fool.com published article titled: “United Rentals, Inc Stock Down 13% After Mixed Earnings: Here’s What You …”, Fool.com published: “Why Shares of United Rentals, Inc. Jumped 11% Today” on October 22, 2015. More interesting news about United Rentals, Inc. (NYSE:URI) was released by: Businesswire.com and their article: “United Rentals, Inc. Third Quarter 2015 Conference Call and Audio Webcast” with publication date: October 07, 2015.
United Rentals, Inc. is a holding firm engaged in the business of equipment rental. The company has a market cap of $6.27 billion. The Firm conducts its activities through its wholly owned subsidiary, United Rentals (North America), Inc. (URNA), and its subsidiaries. It has 10.95 P/E ratio. It operates in two divisions: general rentals and trench safety, power and heating, ventilating and air conditioning (HVAC), and pump solutions.
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