Bank of America’s 5 Stock Picks for 2023

4. United Rentals, Inc. (NYSE:URI)

Year to Date Share Price Growth as of February 8, 2023: 28.41%

Number of Hedge Fund Holders In Q3 2022: 51

United Rentals, Inc. (NYSE:URI) is an industrial equipment renting company. It provides machines such as forklifts, cranes, tools, booms, scissor lifts, and others to customers such as construction firms.

In a fresh note issued in February 2023, Credit Suisse set an Outperform rating for United Rentals, Inc. (NYSE:URI) in February 2023, with the rating coming after Argus had raised the company’s share price target to $475 from $360 in the previous month. Insider Monkey’s 920 hedge fund survey for last year’s third quarter revealed that 51 had invested in the company.

United Rentals, Inc. (NYSE:URI)’s largest investor is Andrew Wellington and Jeff Keswin’s Lyrical Asset Management which owns one million shares that are worth $280 million.