Mitsubishi UFJ Asset Management Boosts Stake in United Rentals

Institutional investor increases position in construction equipment rental company

Published on Feb. 27, 2026

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Mitsubishi UFJ Asset Management Co. Ltd. has increased its stake in United Rentals, Inc. (NYSE:URI) by 4.0% in the third quarter, according to a recent SEC filing. The firm now owns 128,775 shares of the construction company's stock, worth approximately $122.9 million.

Why it matters

United Rentals is a leading equipment rental company serving the construction, industrial, commercial, and municipal sectors. The increase in Mitsubishi UFJ's stake suggests the institutional investor sees continued growth potential in the company and the broader construction equipment rental market.

The details

According to the filing, Mitsubishi UFJ Asset Management acquired an additional 4,993 shares of United Rentals during the third quarter, bringing its total position to 128,775 shares. This represents about 0.20% of United Rentals' outstanding stock. The move comes as United Rentals has seen its share price fluctuate in recent months, trading between $525.91 and $1,021.47 over the past 52 weeks.

  • Mitsubishi UFJ Asset Management increased its stake in the third quarter of 2026.

The players

Mitsubishi UFJ Asset Management Co. Ltd.

A Japanese asset management firm and subsidiary of Mitsubishi UFJ Financial Group, one of the largest financial institutions in the world.

United Rentals, Inc.

A leading equipment rental company headquartered in Stamford, Connecticut, serving the construction, industrial, commercial, and municipal sectors.

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The takeaway

Mitsubishi UFJ's increased stake in United Rentals suggests the institutional investor sees continued growth potential in the construction equipment rental market, which could be a positive sign for the industry as a whole.