Franklin Resources Inc. Increases Stake in United Rentals

Investment firm boosts ownership of construction equipment rental company by 6.8% in Q3

Mar. 11, 2026 at 10:50am

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According to a recent SEC filing, Franklin Resources Inc. increased its stake in United Rentals, Inc. (NYSE:URI) by 6.8% in the third quarter. The investment firm now owns 1,315,086 shares, or about 2.07% of the construction equipment rental company.

Why it matters

United Rentals is a major player in the equipment rental industry, providing a wide range of machinery and tools to construction, industrial, commercial, and municipal customers. Franklin Resources' increased stake suggests the firm sees long-term growth potential in United Rentals' business model and market position.

The details

Franklin Resources purchased an additional 83,978 shares of United Rentals during the third quarter, bringing its total ownership to 1,315,086 shares. This represents about 2.07% of the company's outstanding stock. United Rentals operates a large fleet of equipment that it rents out to customers on a short-term or long-term basis, allowing them to avoid the capital expenditure of ownership.

  • The increased stake was disclosed in a 13F filing with the SEC for the third quarter of 2026.

The players

Franklin Resources Inc.

A global investment management organization that provides a range of investment management and related services to institutional and individual investors around the world.

United Rentals, Inc.

A leading equipment rental company headquartered in Stamford, Connecticut that provides rental solutions and related services to construction, industrial, commercial, and municipal customers.

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The takeaway

Franklin Resources' increased stake in United Rentals suggests the investment firm sees strong growth potential in the equipment rental company's business model and market position. This could signal positive momentum for United Rentals as it continues to serve a diverse customer base across multiple industries.