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

United Rentals, Inc. (NYSE:URI) declared 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 0.78%.

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 Performance

Shares of URI stock opened at $833.10 on Thursday. United Rentals has a one year low of $387.01 and a one year high of $861.74. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 0.81. The company has a 50 day moving average price of $768.65 and a 200 day moving average price of $706.59. The firm has a market capitalization of $55.10 billion, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 1.96 and a beta of 1.68.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 EPS for the quarter, topping the consensus estimate of $10.48 by $0.22. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the prior year, the business posted $9.88 earnings per share. United Rentals’s revenue for the quarter was up 6.2% compared to the same quarter last year. Sell-side analysts anticipate that United Rentals will post 44.38 EPS for the current year.

Insider Activity at United Rentals

In related news, SVP Joli L. Gross sold 360 shares of the company’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 directly owns 4,090 shares of the company’s stock, valued at $2,822,100. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.53% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

URI has been the subject of several research reports. Raymond James initiated coverage on shares of United Rentals in a research note on Friday, June 28th. They set an “outperform” rating and a $750.00 price objective for the company. The Goldman Sachs Group boosted their price objective on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Truist Financial boosted their price objective on shares of United Rentals from $873.00 to $954.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Evercore ISI boosted their price objective on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Finally, JPMorgan Chase & Co. upped their target price on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $714.92.

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.