United Rentals, Inc. (URI), Red Hat Inc (RHT), Robert Half International Inc. (RHI): Top 3 Holdings of Rail-Splitter Capital Management LLC

Red Hat RHT

Rail-Splitter Capital Management LLC is a duly registered investment advisor that applies a fundamental investment approach with focus on research, experience and discipline. The firm was founded in 2002 and is located in Chicago, Illinois. United Rentals, Inc. (NYSE:URI), Red Hat Inc (NYSE:RHT), and Robert Half International Inc. (NYSE:RHI) were the top three holdings of Rail-Splitter Capital Management LLC, according to the SEC 13F filings of the firm for the period ended September 30, 2014.

The largest investment of Rail-Splitter Capital Management LLC was United Rentals, Inc. (NYSE:URI) with an investment totaling $13.33 million. United Rentals, Inc. (NYSE:URI) is the world’s largest equipment rental company, with more than 830 rental locations in both the U.S. and Canada. Par Capital Management had the largest number of shares of the company with a total of 934,813 shares, closely followed by Odey Asset Management Group with a total of 816,003 shares. (You can see complete list on hedge funds which hold positions on United Rentals, Inc. (NYSE:URI) at the end of the third quarter).

Red Hat RHT

Red Hat Inc (NYSE:RHT) was the second largest investment of the firm with a total of $12.87 million. Red Hat Inc (NYSE:RHT) is a technology company that provides open-source software products to enterprise clients, using a community powered approach. JPMorgan Chase & Co recently began covering the stock and gave an “overweight” rating. Red Hat Inc (NYSE:RHT) posted $0.14 earnings per share, which was $0.03 above Thomson Reuters consensus estimate of $0.38.

The third largest investment of Rail-Splitter Capital Management LLC was Robert Half International Inc. (NYSE:RHI), having investment worth $11.49 million. Robert Half International Inc. (NYSE:RHI) is a company that provides temporary and permanent staffing solutions in the areas of accounting, web design, lawyers, paralegals, among other areas. The company has earned a consensus recommendation of “buy” from twelve brokerage firms that are currently covering the stock. Robert Half International Inc. (NYSE:RHI) has been given an average price target of $54.50 within the past one year.

This article has been written by Victor Ochieng.

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