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Buffalo Business & Estate Services Ltd. Buys New Stake in United Rentals, Inc. $URI
Buffalo Business & Estate Services Ltd. has acquired a new stake of 5,726 shares in United Rentals (NYSE:URI), valued at approximately $4.64 million, making it their 29th largest holding. Despite institutional investors owning a significant portion of URI, the company recently missed quarterly earnings expectations. United Rentals has, however, announced an increased quarterly dividend and authorized a $5.0 billion share buyback program, while analysts maintain a “Moderate Buy” rating with an average target price near $925.59.