Joel Greenblatt (Trades, Portfolio) tripled his stake in United Rentals (NYSE:URI) during the second quarter. The guru added 559,604 shares of the company at an average price of $65.25. The trade had a 0.45% impact on Greenblatt’s portfolio. He now owns 746,158 shares of the company. Since Greenblatt's purchase, the company’s market price has risen by an estimated 24%.
United Rentals was founded in 1997 in Delaware. The company has since built its way up to becoming the largest equipment rental company in the world, with over 880 rental locations located in 49 states, as well as 10 Canadian provinces. The company has approximately 3,300 classes of equipment available for rent to customers which include construction and industrial companies, manufacturers, utilities, municipalities, homeowners and government entities. Continue Reading »