United Rentals, Inc. (NYSE:URI) to Issue Quarterly Dividend of $1.97

United Rentals, Inc. (NYSE:URI) announced a quarterly dividend on Wednesday, April 22nd. Investors of record on Wednesday, May 13th will be given a dividend of 1.97 per share by the construction company on Wednesday, May 27th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, May 13th.

United Rentals has a dividend payout ratio of 16.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect United Rentals to earn $52.51 per share next year, which means the company should continue to be able to cover its $7.88 annual dividend with an expected future payout ratio of 15.0%.

United Rentals Price Performance

URI opened at $803.41 on Thursday. United Rentals has a twelve month low of $588.35 and a twelve month high of $1,021.47. The firm has a market cap of $50.53 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 1.30 and a beta of 1.68. The company has a current ratio of 0.94, a quick ratio of 0.88 and a debt-to-equity ratio of 1.41. The company has a fifty day simple moving average of $790.94 and a 200 day simple moving average of $841.72.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.20 billion. United Rentals had a return on equity of 30.35% and a net margin of 15.49%.The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.86 EPS. Equities research analysts expect that United Rentals will post 46.6 EPS for the current fiscal year.

Insider Transactions at United Rentals

In other United Rentals news, EVP William E. Grace sold 1,498 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $790.89, for a total transaction of $1,184,753.22. Following the sale, the executive vice president owned 6,872 shares in the company, valued at $5,434,996.08. This represents a 17.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Michael D. Durand sold 2,490 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $791.14, for a total value of $1,969,938.60. Following the transaction, the executive vice president directly owned 7,458 shares in the company, valued at approximately $5,900,322.12. This represents a 25.03% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.47% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On United Rentals

Several institutional investors and hedge funds have recently made changes to their positions in the company. Optas LLC boosted its holdings in United Rentals by 0.9% in the third quarter. Optas LLC now owns 1,174 shares of the construction company’s stock worth $1,121,000 after purchasing an additional 10 shares during the period. OFI Invest Asset Management increased its stake in United Rentals by 6.7% during the third quarter. OFI Invest Asset Management now owns 175 shares of the construction company’s stock valued at $167,000 after purchasing an additional 11 shares during the last quarter. Gleason Group Inc. raised its holdings in shares of United Rentals by 4.3% during the fourth quarter. Gleason Group Inc. now owns 269 shares of the construction company’s stock worth $218,000 after purchasing an additional 11 shares during the period. Bridgewater Advisors Inc. raised its holdings in shares of United Rentals by 1.2% during the fourth quarter. Bridgewater Advisors Inc. now owns 967 shares of the construction company’s stock worth $783,000 after purchasing an additional 11 shares during the period. Finally, Great Valley Advisor Group Inc. lifted its position in shares of United Rentals by 2.9% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock worth $292,000 after buying an additional 11 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

About United Rentals

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.