United Rentals, Inc. (NYSE:URI) Announces $1.63 Quarterly Dividend

United Rentals, Inc. (NYSE:URI) announced a quarterly dividend on Wednesday, October 23rd,RTT News reports. Investors of record on Wednesday, November 13th will be paid a dividend of 1.63 per share by the construction company on Wednesday, November 27th. This represents a $6.52 annualized dividend and a yield of 0.75%. The ex-dividend date is Wednesday, November 13th.

United Rentals has a dividend payout ratio of 13.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect United Rentals to earn $46.92 per share next year, which means the company should continue to be able to cover its $6.52 annual dividend with an expected future payout ratio of 13.9%.

United Rentals Price Performance

Shares of URI opened at $873.88 on Tuesday. United Rentals has a 52-week low of $453.23 and a 52-week high of $896.98. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. The business’s 50 day moving average price is $794.45 and its two-hundred day moving average price is $721.90. The firm has a market cap of $57.35 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 2.04 and a beta of 1.68.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period last year, the firm posted $11.73 earnings per share. United Rentals’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities analysts anticipate that United Rentals will post 43.66 EPS for the current year.

Insider Buying and Selling at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the sale, the senior vice president now owns 2,044 shares in the company, valued at $1,682,702.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. The Goldman Sachs Group upped their price objective on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. upped their price objective on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Evercore ISI increased their price target on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Truist Financial increased their price target on United Rentals from $954.00 to $955.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Robert W. Baird increased their price target on United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research note on Thursday, October 3rd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $742.50.

United Rentals Company Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.