United Rentals, Inc. (NYSE:URI) Announces Quarterly Dividend of $1.79

United Rentals, Inc. (NYSE:URI) declared a quarterly dividend on Wednesday, January 29th,RTT News reports. Stockholders of record on Wednesday, February 12th will be paid a dividend of 1.79 per share by the construction company on Wednesday, February 26th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.94%. This is an increase from United Rentals’s previous quarterly dividend of $1.63.

United Rentals has a payout ratio of 12.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect United Rentals to earn $46.06 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 14.2%.

United Rentals Stock Down 1.1 %

URI traded down $8.65 on Wednesday, hitting $758.30. The company had a trading volume of 564,576 shares, compared to its average volume of 697,221. The stock has a market capitalization of $49.76 billion, a price-to-earnings ratio of 19.80, a P/E/G ratio of 1.73 and a beta of 1.69. 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 stock has a fifty day moving average price of $769.13 and a 200-day moving average price of $768.78. United Rentals has a 12-month low of $596.48 and a 12-month high of $896.98.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. Analysts predict that United Rentals will post 43.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Citigroup decreased their price objective on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Truist Financial cut their target price on United Rentals from $965.00 to $963.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Argus boosted their price target on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Bank of America upped their price objective on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $813.73.

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.