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SVB Wealth LLC Lowers Stock Holdings in United Rentals, Inc. $URI
SVB Wealth LLC decreased its stake in United Rentals (NYSE:URI) by 37.9% in the third quarter, reducing its holdings to 2,831 shares valued at $2.703 million. Despite this, other institutions like Norges Bank and JPMorgan Chase & Co. significantly increased their positions, leading institutional investors to own 96.26% of the company. United Rentals recently missed quarterly EPS and revenue estimates but raised its dividend and approved a $5 billion stock buyback program.