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

Lebenthal Global Advisors LLC grew its stake in shares of United Rentals, Inc. (NYSE:URI) by 18.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,168 shares of the construction company’s stock after acquiring an additional 337 shares during the period. Lebenthal Global Advisors LLC’s holdings in United Rentals were worth $1,527,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of URI. International Assets Investment Management LLC raised its position in shares of United Rentals by 82,462.2% during the third quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock worth $1,300,962,000 after acquiring an additional 1,604,715 shares during the last quarter. JPMorgan Chase & Co. grew its position in United Rentals by 15.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock worth $637,968,000 after purchasing an additional 105,287 shares in the last quarter. FMR LLC increased its stake in United Rentals by 3.7% in the 3rd quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock valued at $1,956,768,000 after buying an additional 85,325 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of United Rentals by 10.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company’s stock worth $570,167,000 after buying an additional 66,957 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of United Rentals by 6.1% in the 3rd quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company’s stock worth $862,110,000 after buying an additional 57,002 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Trading Down 2.5 %

NYSE:URI opened at $770.13 on Tuesday. United Rentals, Inc. has a 1 year low of $596.48 and a 1 year high of $896.98. The stock’s fifty day moving average price is $770.22 and its two-hundred day moving average price is $768.17. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The company has a market cap 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.

Analysts Set New Price Targets

A number of brokerages recently commented on URI. Citigroup decreased their price target on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Argus lifted their target price on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Bank of America increased their price target on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Barclays boosted their target price on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $813.73.

About United Rentals

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.