Lebenthal Global Advisors LLC Has $1.53 Million Stake in United Rentals, Inc. (NYSE:URI)

Lebenthal Global Advisors LLC increased its position in shares of United Rentals, Inc. (NYSE:URI) by 18.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,168 shares of the construction company’s stock after buying an additional 337 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in United Rentals were worth $1,527,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. XTX Topco Ltd bought a new stake in shares of United Rentals in the 2nd quarter worth about $207,000. Sei Investments Co. boosted its holdings in United Rentals by 13.7% in the second quarter. Sei Investments Co. now owns 4,981 shares of the construction company’s stock valued at $3,221,000 after acquiring an additional 599 shares during the last quarter. Public Sector Pension Investment Board grew its position in shares of United Rentals by 77.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 2,525 shares of the construction company’s stock worth $1,633,000 after buying an additional 1,104 shares during the period. Creative Planning raised its position in shares of United Rentals by 0.8% during the 2nd quarter. Creative Planning now owns 12,087 shares of the construction company’s stock valued at $7,817,000 after acquiring an additional 94 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in United Rentals by 5.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,114 shares of the construction company’s stock valued at $7,189,000 after purchasing an additional 541 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Trading Down 2.5 %

Shares of NYSE:URI opened at $770.13 on Tuesday. The company has a market capitalization of $50.54 billion, a P/E ratio of 20.11, a P/E/G ratio of 1.73 and a beta of 1.69. The business’s 50 day simple moving average is $770.22 and its 200 day simple moving average is $768.17. United Rentals, Inc. has a 1 year low of $596.48 and a 1 year high of $896.98. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77.

Analyst Upgrades and Downgrades

URI has been the topic of a number of recent analyst reports. Truist Financial reduced their price target on shares of United Rentals from $965.00 to $963.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Argus increased their price target on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Bank of America boosted their price objective on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Barclays increased their price target on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $813.73.

United Rentals Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.