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

United Rentals, Inc. (NYSE:URI) declared a quarterly dividend on Wednesday, October 22nd. Shareholders of record on Wednesday, November 12th will be paid a dividend of 1.79 per share by the construction company on Wednesday, November 26th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, November 12th.

United Rentals has a dividend payout ratio of 15.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect United Rentals to earn $49.11 per share next year, which means the company should continue to be able to cover its $7.16 annual dividend with an expected future payout ratio of 14.6%.

United Rentals Trading Down 1.3%

Shares of NYSE:URI opened at $989.61 on Thursday. The stock has a market capitalization of $63.67 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 2.31 and a beta of 1.73. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. The stock’s 50-day simple moving average is $956.38 and its two-hundred day simple moving average is $805.28. United Rentals has a 52-week low of $525.91 and a 52-week high of $1,021.47.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.43 by ($0.73). The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.16 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $11.80 earnings per share. United Rentals has set its FY 2025 guidance at EPS. Analysts expect that United Rentals will post 44.8 EPS for the current year.

Institutional Trading of United Rentals

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in United Rentals during the 2nd quarter valued at approximately $776,102,000. JPMorgan Chase & Co. grew its holdings in United Rentals by 71.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,874,127 shares of the construction company’s stock valued at $1,411,968,000 after buying an additional 780,322 shares in the last quarter. Nuveen LLC purchased a new position in United Rentals during the 1st quarter valued at approximately $402,291,000. Boston Partners grew its holdings in United Rentals by 74.5% during the 2nd quarter. Boston Partners now owns 715,250 shares of the construction company’s stock valued at $542,526,000 after buying an additional 305,378 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in United Rentals during the 2nd quarter valued at approximately $152,069,000. Institutional investors own 96.26% of the company’s stock.

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.