United Rentals, Inc. (URI) to Issue Quarterly Dividend of $1.79 on February 26th

United Rentals, Inc. (NYSE:URI) announced a quarterly dividend on Wednesday, January 29th,RTT News reports. Investors 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 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Wednesday, February 12th. 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. Analysts expect United Rentals to earn $50.44 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 12.9%.

United Rentals Trading Up 2.1 %

Shares of URI opened at $774.50 on Friday. United Rentals has a 52-week low of $596.48 and a 52-week high of $896.98. The stock has a market cap of $50.82 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 1.68 and a beta of 1.69. The firm’s fifty day moving average is $766.58 and its two-hundred day moving average is $768.75. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.51%. Research analysts forecast that United Rentals will post 46.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Barclays upped their target price on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target on the stock in a research report on Tuesday, January 14th. Citigroup lowered their price objective on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Truist Financial lowered their price target on United Rentals from $965.00 to $963.00 and set a “buy” rating for the company in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.