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The Teachers Retirement System of Kentucky reduced its stake in United Rentals (URI) by 1.8% to $47.77 million, even as the company announced a $5.0 billion share buyback program. Conversely, Cornerstone Investment Partners LLC significantly increased its position in URI by 12.7% during Q4, bringing its total holding value to $73.02 million. The pension fund also trimmed its Cummins Inc (CMI) holdings by 1.7% to $51.79 million amid reports of insider selling. Despite these mixed institutional moves, analysts maintain a 'Moderate Buy' rating for URI with an average price target of $986.35. These portfolio adjustments highlight diverging institutional strategies within the industrial sector despite robust financial guidance.
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