On Monday, Shares of United Rentals, Inc. (NYSE:URI), gained 2.49% to $98.86.
United Rentals, will hold its first quarter 2015 conference call with Michael Kneeland, chief executive officer, William Plummer, chief financial officer, and Matt Flannery, chief operating officer, on Wednesday, April 22, 2015, at 11:00 a.m. Eastern Time.
United Rentals, Inc., through its auxiliaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench Safety, Power and HVAC (heating, ventilating and air conditioning), and Pump Solutions.
Shares of SLM Corporation (NASDAQ:SLM), gained 2.42% to $9.72, during its last trading session.
SLM Corporation, declared an associate of its Sallie Mae Bank partner has formed SMB Private Education Loan Trust 2015-A to hold a beneficial interest in about $753 million of Sallie Mae Bank-originated, -owned and -serviced Smart Option Student Loans, and to issue $704 million of notes and the Trust’s residual interest to qualified institutional buyers. The notes and residual have priced, and the transaction is anticipated to settle on or about April 23, 2015, pending completion of documentation. Sallie Mae Bank will continue to service the loans in the Trust.
The transaction will remove the principal balance of loans backing the Trust from Sallie Mae Bank’s balance sheet on the settlement date. The company anticipates to realize a pre-tax gain on sale of about $78 million after estimated closing adjustments and transaction costs, a 10.5-percent premium over the loans’ book value.
Sallie Mae will update its annual guidance and talk about the implications of the transaction for its outlook in its first-quarter 2015 earnings release to be issued April 22, 2015 and on the subsequent conference call with investors on April 23, 2015.
SLM Corporation, together with its auxiliaries, operates as a saving, planning, and paying for education company in the United States. The company offers private education loans to students and their families.
At the end of Monday’s trade, Shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI), gained 2.33% to $51.31.
Chicago Bridge & Iron Company, declared it has been awarded a contract by NefteGaz Industriya, LLC, through project developer MAVEG GmbH, to provide engineering and procurement services for the Afipsky Oil Refinery in Krasnodar, Russia.
CB&I’s project scope comprises early detail engineering and procurement services for multiple new process units, counting a 2.5 million ton per annum hydrocracker unit licensed by Chevron Lummus Global, a joint venture between CB&I and Chevron, in addition to hydrogen and sulfur units licensed by CB&I and other associated units. CB&I formerly declared it is providing technology and FEED services.
Chicago Bridge & Iron Company N.V. provides conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program administration, and environmental services worldwide.
Finally, Trinity Industries Inc. (NYSE:TRN), ended its last trade with 2.32% gain, and closed at $36.55.
Trinity Industries declared that it will report its financial results for the three months ended March 31, 2015 after the financial markets close on April 23, 2015.
Trinity will conduct a conference call at 11:00 a.m. Eastern on April 24, 2015 to talk about its results. To listen to the call, please visit the Investor Relations section of the Company’s website, www.trin.net. An audio replay may be accessed through the Company’s website or by dialing (402) 220-0464 until 11:59 p.m. Eastern on May 1, 2015.
Trinity Industries, Inc. provides various products and services for the energy, transportation, chemical, and construction sectors in the United States and internationally. Its Rail Group segment offers railcars, counting autorack, box, covered hopper, gondola, intermodal, tank, and open hopper cars; and couplers, axles, and other equipment, in addition to railcar maintenance services.
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