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

United Rentals, Inc. (NYSE:URI) declared a quarterly dividend on Wednesday, October 21st. Shareholders of record on Wednesday, November 11th will be given a dividend of $1.97 per share by the construction company on Wednesday, November 25th. This represents a $7.88 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, November 10th.

United Rentals has a dividend payout ratio of 16.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect United Rentals to earn $56.94 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 13.8%.

United Rentals Trading Up 1.5%

NYSE:URI traded up $16.11 during trading hours on Thursday, hitting $1,085.09. 402,766 shares of the stock were exchanged, compared to its average volume of 560,890. The company has a market capitalization of $67.54 billion, a P/E ratio of 26.15, a price-to-earnings-growth ratio of 1.52 and a beta of 1.83. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38. The company’s 50 day moving average is $1,043.97 and its two-hundred day moving average is $1,018.19. United Rentals has a twelve month low of $701.59 and a twelve month high of $1,179.18.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, October 21st. The construction company reported $15.55 EPS for the quarter, beating the consensus estimate of $13.97 by $1.58. The company had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.71 billion. United Rentals had a return on equity of 31.72% and a net margin of 15.67%. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period last year, the firm earned $11.70 EPS. On average, sell-side analysts anticipate that United Rentals will post 49.11 earnings per share for the current fiscal year.

Insider Buying and Selling at United Rentals

In other news, EVP William Grace sold 1,500 shares of the business’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the completion of the transaction, the executive vice president owned 6,062 shares of the company’s stock, valued at $6,869,155.30. The trade was a 19.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is currently owned by corporate insiders.

Institutional Trading of United Rentals

Several hedge funds have recently added to or reduced their stakes in the business. Clal Insurance Enterprises Holdings Ltd bought a new position in United Rentals during the second quarter worth about $29,000. MidFirst Bank bought a new stake in shares of United Rentals in the second quarter worth about $31,000. Bell Investment Advisors Inc bought a new stake in shares of United Rentals in the second quarter worth about $40,000. Frazier Financial Advisors LLC increased its holdings in shares of United Rentals by 33.3% in the first quarter. Frazier Financial Advisors LLC now owns 56 shares of the construction company’s stock worth $41,000 after acquiring an additional 14 shares in the last quarter. Finally, Toth Financial Advisory Corp acquired a new stake in shares of United Rentals during the second quarter worth about $70,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

About United Rentals

United Rentals, Inc is an equipment rental company serving construction, industrial, infrastructure, utilities, government and other commercial customers. The company provides access to equipment and related services through a network of rental locations, helping customers manage projects without purchasing and maintaining all of the equipment they need.

Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling equipment, general construction tools, trucks and trailers, and light-duty equipment.