United Rentals Inc
7 Infrastructure Stocks That May Benefit From President Biden's New Infrastructure Bill
United Rentals Beat Q2 Earnings Estimates, Stock Fell 6%
On Wednesday, United Rentals (URI) stock fell 6% in after-hours trading The company’s second-quarter earnings beat the estimates.
What’s in Store for United Rentals This Earnings Season?
On Wednesday, United Rentals is scheduled to report its second-quarter results after the market closes. The stock beat analysts’ estimates in 12 of the last 13 quarters.
United Rentals Rose ~7%, Q1 Earnings Beat Estimates
United Rentals (URI) stock rose ~7% during after-hours trading on April 17. The company announced strong first-quarter results.
United Rentals: Analysts’ Views before Its Q1 Results
United Rentals (URI) received a consensus rating of ~2 and a consensus “buy” recommendation from the analysts polled by Reuters.
United Rentals: Slower Earnings Growth in Q1?
United Rentals (URI) is scheduled to report its first-quarter results on April 17. The company has a strong history of beating analysts’ estimates.
United Rentals Gains 4% on Strong Q4 Earnings and 2019 Outlook
United Rentals (URI) stock gained 4.3% during after-hours trade yesterday after the company announced strong fourth-quarter results.
United Rentals: What Could Drive Its Q4 Earnings?
United Rentals (URI) is scheduled to report its fourth-quarter results on January 23.
Why XPO Logistics Inc. Is Tanking Over 17%
XPO Logistics Inc. (NYSE: XPO) is down over 17% following a report by famed short-seller Spruce Point Capital Management. Here’s what you need to know.
5 Stocks Down Over 5% Today
United Rentals, Inc. (NYSE: URI), Textron Inc. (NYSE: TXT), Snap-on Incorporated (NYSE: SNA), Sealed Air Corp. (NYSE: SEE), and Activision Blizzard, Inc. (Nasdaq: ATVI) are getting crushed today. What should you do now?
Stanley Black & Decker Set to Post Record 3Q17 Revenue
Stanley Black & Decker (SWK) is set to announce its 3Q17 earnings on October 24, 2017. As of October 18, 2017, analysts are expecting it to post revenues of $3.2 billion, a 9.4% rise YoY.
What Could Stimulate the Industrial Sector in 2H17?
The industrial sector also remained a stronger player in the first half of 2017.
Here Are Mario Gabelli’s Top Infrastructure Bets
Mario Gabelli believes infrastructure companies will play a key role in the current investment scenario.
Ares Capital Strengthened Its Senior Direct Loan Program in 4Q16
After ending its Senior Secured Loan Program (or SSLP) with GE Capital, Ares Capital (ARCC) is successfully building up a new senior direct lending program (or SDLP).
Utilities Dominated the Market for the Second Consecutive Day
On February 23, 2017, the S&P 500 Utilities Sector surged and closed at its highest level since September 27, 2016.
Prospect’s Leverage Falls Due to Net Exits in Fiscal 2Q17
Leverage declines Prospect Capital (PSEC) has been operating at higher leverage to take advantage of low rates. The company saw higher net exits in fiscal 2Q17, which led to lower leverage. Notably, Prospect’s fiscal 2Q17 net debt-to-equity ratio declined to 76.2% from its fiscal 2Q16 debt-to-equity ratio of 80.2% and 77.4% in the two previous quarters. As […]
Prospect Deploying towards Real Estate, Structured Investments
Controlled, online lending Prospect Capital’s (PSEC) controlled investments in fiscal 2Q17 rose to 31.5% of its total portfolio, compared with 30.6% in the previous quarter. The company targets selective exits to raise capital when it has found attractive pricing. In fiscal 2Q17, it saw net exits of $175.5 million, compared with net investments of $232.8 million […]
Prospect Capital Focusing on Structured, Controlled Investments
Prospect Capital (PSEC) has deployed money for equity investments and majority stake when there’s an opportunity for an investment in growing businesses.
Prospect Capital’s Higher Leverage Could Impact Returns in 2017
Since the Fed increased interest rates in December 2016, Prospect Capital (PSEC) could see some pressure on its cost of capital in 2017.
Ares Capital Expands SDLP Portfolio, but SSLP Still Dominates
After ending the senior secured loan program with GE Capital, Ares Capital (ARCC) is successfully building up a new senior direct lending program (or SDLP).
Prospect’s Leverage Rises on Higher Origination in Fiscal 1Q17
Prospect Capital has been operating at higher leverage to take advantage of low rates. But the Fed is expected to raise interest rates in calendar 4Q16.
Prospect Capital’s Controlled Investments, Structured Credit Expansion
Prospect Capital’s (PSEC) controlled investments in fiscal 1Q17 rose to 30.6% of its total portfolio, as compared to 29.7% in the previous quarter.
What Are Mario Gabelli’s Top Infrastructure Plays?
In light of a Trump presidency, Gabelli advises investors to bet on infrastructure plays such as Mueller Industries (MLI) and Vulcan Materials (VMC).
PSEC Reduces Leverage amid Low Originations, Potential Rate Hike
Prospect Capital (PSEC) has used the low interest rate environment to its advantage by deploying higher leverage over the past couple of years.
Exploring PSEC’s Online Lending and Structured Credit Investments
Prospect Capital has seen strong growth in originations through its online platform. The company has entered into the online lending business with National Property REIT.
Why Closed-End Funds Are Not That Enthusiastic about Rate Changes
Prospect Capital (PSEC) is strengthening its capital position in order to take advantage of mispricing during volatile times.
Prospect Capitalizes on Its Controlled and Structured Credit in 4Q
Prospect Capital’s (PSEC) controlled investments in fiscal 4Q16 declined to 29.7% of its total portfolio, as compared to 33.3% in the previous quarter.
Prospect to Deploy More in Control, Online, Structured in 4Q16
Prospect Capital’s (PSEC) controlled investments in the March quarter stood at 33.3% of its total portfolio compared to 32.5% in the previous quarter.
Will Subdued Interest Rates in 2016 Benefit Levered Closed-End Funds?
Closed-end funds deploy leverage in order to generate returns for shareholders. The method works in tandem with interest rates when they’re low.
What’s Happening to Closed-End Funds as Interest Rates Remain Low?
Closed-end funds are replacing their existing debt in order to reduce the effective rate of interest. Prospect Capital’s cost of debt is approximately 5.4%.
How Closed-End Funds Are Increasing Yields on a Given Risk
Closed-end funds (PEX) have been boosting yields by deploying capital in marginally risky asset classes or companies.
Ares Capital Increases Prudence in Capital Structure and Lowers Costs
Ares Capital’s (ARCC) net DE (debt-to-equity) ratio decreased to 0.77x as of March 31, 2016, marginally above the 0.65x–0.75x the management had targeted.
How Will New Senior Direct Lending Program Pan Out for Ares Capital?
Ares Capital’s (ARCC) SDLP will underwrite and hold first lien loans including stretch senior and unitranche loans that are originated by Ares and Varagon.
PSEC Cashes In on Its Controlled and Structured Credit Strategy
Prospect Capital’s (PSEC) controlled investments in fiscal 3Q16 stood at 33.3% of its total portfolio compared to 32.5% in the previous quarter.
High-Yield Bond Funds Witnessed Inflows, Yields and Spreads Fell
Investor flows into high-yield bond funds were positive last week. Net inflows from high-yield bond funds totaled $296 million in the week ending April 27.
Why High-Yield Bond Market Issuance Slowed Last Week
Last week brought the total US dollar-denominated issuance of high-yield debt to $61.6 billion YTD in 2016—47.0% lower compared to the same period in 2015.
Ares Capital Has Built Foundation for Senior Secured Loan Program
Ares Capital has established a senior direct lending program (or SDLP) under a joint venture with Varagon Capital Partners and AIG (AIG).
Why Ares Capital Is Deploying Higher Leverage
Ares Capital’s (ARCC) net DE (debt-to-equity) ratio increased to 0.79x as of December 31, 2015, above the 0.65x–0.75x target set by the management.
Why Closed-End Funds Are Increasing Leverage
Closed-end funds have taken advantage of low interest rates inside and outside the US by deploying capital in asset classes that yield higher returns.
The Secret to Prospect Capital’s Successful Leveraging
Prospect Capital is deploying higher leverage to take advantage of low interest rates. Its fiscal 2Q16 net debt-to-equity ratio rose marginally to 77.9%.
Prospect Capital: The Effect of Slow Real Estate and Lower Wage Growth
Prospect Capital (PSEC) has a positive outlook for consumer credit throughout 2016 on the back of falling unemployment rates and commodity prices.
How Subdued Interest Rates Could Continue to Benefit Levered Closed-Ended Funds
Closed-ended funds deploy leverage in order to generate returns for shareholders. The method works in tandem with interest rates when they’re low.
PSEC Is Leveraging Balance Sheet to Earn Spreads on Low-Cost Debt
Prospect Capital (PSEC) suspended its market equity issuances for the indefinite future due to unattractive share price levels. This reduction in equity and asset growth has resulted in lower net origination volumes than in previous quarters.
PSEC’s Strategy: Online Lending, Real Estate, Control Investments
Prospect Capital (PSEC) is deploying investments for the online lending industry, with a focus on near-prime, prime, and subprime consumers as well as small business borrowers.
How an Interest Rate Hike Could Impact Closed-Ended Funds
As the interest rate is expected to rise, companies with highly leveraged portfolio investments will see lower returns due to higher interest costs.
How the Closed-Ended Industry Is Innovating for Originations
Closed-ended funds (PSP) have seen a decline in their originations over the past couple of quarters. This came as economic activity was cut in half, stock markets declined globally, and commodity prices fell.
Ares Capital Stock Benefits from a Strong Balance Sheet
Ares Capital had cash, revolving lines of credit, and small business administration, or SBA, debentures of $2.4 billion as of June 30, 2015, for investments.
Ares Capital’s Plan to Deal with GE Capital Divestiture
Since the announcement of General Electric’s divestiture, Ares Capital has focused on how to best capitalize on the exit of GE Capital, one of the largest players in the market.
Highfields Capital Lowers Its Stake in Hertz Global Holdings
Highfields Capital lowered its holdings in Hertz Global Holdings (HTZ) as per its recent 13F filing.
JAT Capital Sells Stake in Hertz Global Holdings
In 4Q14, JAT Capital sold its stake in Hertz Global Holdings (HTZ). The $196-million position had represented 3.2% of the fund’s third-quarter portfolio.
Pharmaceuticals and Industrials Dominate High Yield Bond Issuance
Investor appetite was strong for a lot of the high yield bonds that were priced in the market in the week ended March 13.
Citadel Advisors exits position in United Rentals
Citadel Advisors exited stake in United Rentals by selling off shares worth $241 million. The shares accounted for 0.3225% of its previous portfolio.
Analyzing Citadel Advisors’ positions for 3Q14
Citadel Advisors LLC is a financial institution and hedge fund. It’s based in Chicago. It was founded in 1990 by Kenneth C. Griffin.
Avis Budget Group to acquire “available opportunities”
Avis Budget Group will use its free cash flow to improve shareholder value through a mix of share repurchases and capital investments via acquisitions.
International strength, new fleet of trucks for Avis Budget Group
Avis Budget Group saw 4% revenue growth in Latin America, Asia-Pacific region thanks to strong cost controls and efficiency gains.
Avis Budget Group’s Zipcar is a going concern
In 3Q14, Zipcar generated more revenue than any quarter in its history, primarily on an increase in usage revenue and pricing, as well as membership.
Avis Budget Group: Key business trends
Avis Budget Group is diversifying its disposal channels to reduce fleet costs. It’s also expanding in direct-to-dealer and direct-to-consumer car sales.
Company overview: Avis Budget Group
Avis Budget Group (CAR) is a leading global provider of vehicle rental services. It also offers a car-sharing network service through its brand, Zipcar.
Why Icahn reveals activist position in Hertz Global Holdings
Icahn Associates recently disclosed an activist position in rental car company Hertz Global Holdings (HTZ). The fund took an 8.48% stake in Hertz. It was disclosed in a 13D filing on August 20.
The high yield bonds’ preferential pricing: Investor demand drops
Of the total number of deals that hit the market, about 67% of the issuance was refinancing or repricing deals.