United Rentals, Inc. (URI) to Issue Quarterly Dividend of $1.63 on November 27th

United Rentals, Inc. (NYSE:URI) announced a quarterly dividend on Wednesday, October 23rd, RTT News reports. Stockholders of record on Wednesday, November 13th will be given a dividend of 1.63 per share by the construction company on Wednesday, November 27th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Wednesday, November 13th.

United Rentals has a dividend payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect United Rentals to earn $47.62 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 13.7%.

United Rentals Stock Down 1.1 %

URI stock opened at $824.99 on Friday. United Rentals has a 52 week low of $387.01 and a 52 week high of $861.74. The business has a 50-day simple moving average of $770.73 and a 200 day simple moving average of $707.41. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.39. The company has a market cap of $54.56 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 1.96 and a beta of 1.68.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. United Rentals’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $11.73 earnings per share. Sell-side analysts anticipate that United Rentals will post 44.38 EPS for the current fiscal year.

Analyst Ratings Changes

URI has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their target price on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a report on Friday, July 26th. Truist Financial raised their price objective on United Rentals from $873.00 to $954.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. boosted their target price on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Evercore ISI raised their price target on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Finally, Bank of America upped their price objective on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, United Rentals presently has an average rating of “Hold” and an average price target of $728.86.

Insider Activity

In related news, SVP Joli L. Gross sold 360 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following the sale, the senior vice president now owns 4,090 shares of the company’s stock, valued at $2,822,100. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.53% of the company’s stock.

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.