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Vanguard Group Inc. Sells 19,058 Shares of United Rentals, Inc. $URI
Vanguard Group Inc. reduced its stake in United Rentals, Inc. by 0.3% in the third quarter, now owning 7,475,245 shares, which accounts for about 11.75% of the company. Despite the minor reduction, institutional investors collectively own a significant 96.26% of the stock. United Rentals’ board has authorized a $5.0 billion share buyback and increased its quarterly dividend to $1.97, indicating a strong focus on returning capital to shareholders, even as the company recently missed quarterly EPS and revenue estimates.