Fred Alger Management LLC Increases Stake in United Rentals

Institutional investor boosts holdings in construction equipment rental company

Mar. 16, 2026 at 10:18am

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Fred Alger Management LLC, an institutional investor, increased its stake in United Rentals, Inc. (NYSE:URI) by 82% in the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The firm now owns approximately 79,248 shares of the construction company's stock, valued at around $75.7 million.

Why it matters

United Rentals is a leading equipment rental company, providing construction, industrial, commercial, and municipal customers with access to a broad fleet of equipment. The increase in stake by Fred Alger Management suggests the firm sees continued growth potential in United Rentals' business model, which centers on enabling customers to scale equipment use without the capital expenditure of ownership.

The details

According to the 13F filing, Fred Alger Management purchased an additional 35,698 shares of United Rentals in the third quarter, bringing its total holdings to 79,248 shares. This represents approximately 0.12% of United Rentals' outstanding shares. The institutional investor cited United Rentals' strong market position and growth opportunities as factors behind the increased investment.

  • Fred Alger Management LLC increased its stake in United Rentals in the third quarter of 2026.

The players

Fred Alger Management LLC

An institutional investment management firm based in New York City.

United Rentals, Inc.

A leading equipment rental company headquartered in Stamford, Connecticut, providing construction, industrial, commercial, and municipal customers with access to a broad fleet of equipment.

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The takeaway

The increase in stake by Fred Alger Management in United Rentals suggests the firm sees continued growth potential in the equipment rental company's business model, which enables customers to scale their equipment use without the capital expenditure of ownership. This investment highlights the institutional investor's confidence in United Rentals' market position and future prospects.