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

United Rentals, Inc. (NYSE:URI) announced a quarterly dividend on Wednesday, January 29th,RTT News reports. Shareholders of record on Wednesday, February 12th will be given 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 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. 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 Performance

NYSE URI opened at $758.30 on Thursday. 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 has a twelve month low of $596.48 and a twelve month high of $896.98. The business has a 50-day moving average price of $767.89 and a 200-day moving average price of $768.71. The firm has a market cap of $49.76 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 1.73 and a beta of 1.69.

United Rentals (NYSE:URI) last posted its quarterly 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 return on equity of 34.73% and a net margin of 17.12%. As a group, equities research analysts predict that United Rentals will post 43.43 EPS for the current fiscal year.

Analyst Ratings Changes

URI has been the topic of a number of research reports. Argus lifted their price target on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Citigroup reduced their target price on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a 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. Bank of America raised their price target on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price for the company in a research report on Tuesday, January 14th. One research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.