Shell Asset Management Co. significantly reduced its stake in United Rentals, Inc. (NYSE:URI) by 82.6% in the third quarter, holding 1,833 shares valued at $1.75 million. Despite this, other institutional investors have increased their positions in the construction company. United Rentals also recently announced a share buyback program of $5 billion and increased its quarterly dividend to $1.97 per share.
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United Rentals, Inc. $URI Stock Holdings Lowered by Shell Asset Management Co.
Shell Asset Management Co. significantly reduced its stake in United Rentals, Inc. (NYSE:URI) by 82.6% in the third quarter, holding 1,833 shares valued at $1.75 million. Despite this, other institutional investors have increased their positions in the construction company. United Rentals also recently announced a share buyback program of $5 billion and increased its quarterly dividend to $1.97 per share.