United Rentals sees increased investment from institutional investors

Institutional investors have shown significant interest in United Rentals, Inc. through various stock acquisitions and position adjustments. According to recent 13F filings, One Wealth Advisors LLC acquired a stake valued at approximately $1.46 million in the second quarter, while Bridgewater Advisors Inc. established a new position worth about $1.01 million during the same period.

Other major institutional moves include Norges Bank purchasing a stake worth approximately $978 million in the fourth quarter, and Bank of America Corp increasing its holdings to 806,380 shares, valued at roughly $587 million. Corient Private Wealth LLC and Victory Capital Management Inc. also reported increased positions. Currently, institutional investors hold 96.26% of the company's stock.

Equity analysts have recently updated their outlooks for the construction company. Wall Street Zen and Weiss Ratings have upgraded the stock to a “buy” rating, while BNP Paribas Exane and Raymond James Financial have issued “outperform” ratings. Wells Fargo & Company also raised its price objective to $1,355.00.