United Rentals (NYSE:URI) Hits New 12-Month High After Dividend Announcement

United Rentals, Inc. (NYSE:URI)’s share price reached a new 52-week high during trading on Thursday following a dividend announcement from the company. The stock traded as high as $1,169.39 and last traded at $1,169.9020, with a volume of 142751 shares traded. The stock had previously closed at $1,035.06.

The newly announced dividend which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be given a dividend of $1.97 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. United Rentals’s dividend payout ratio is 20.10%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of United Rentals from $1,050.00 to $1,100.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Raymond James Financial restated an “outperform” rating and set a $1,275.00 target price on shares of United Rentals in a report on Wednesday, June 10th. Citigroup raised their target price on shares of United Rentals from $1,210.00 to $1,270.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Truist Financial lifted their price target on shares of United Rentals from $1,209.00 to $1,421.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Finally, KeyCorp boosted their price target on shares of United Rentals from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Fourteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,140.00.

United Rentals Price Performance

The stock has a market cap of $72.82 billion, a price-to-earnings ratio of 29.65, a price-to-earnings-growth ratio of 1.62 and a beta of 1.79. The company has a 50-day simple moving average of $1,045.86 and a two-hundred day simple moving average of $915.44. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80.

United Rentals (NYSE:URI) last released its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 EPS for the quarter, beating the consensus estimate of $11.53 by $1.23. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the prior year, the firm posted $10.47 EPS. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, equities research analysts forecast that United Rentals, Inc. will post 46.85 EPS for the current year.

More United Rentals News

Here are the key news stories impacting United Rentals this week:

• Positive Sentiment: United Rentals posted Q2 adjusted EPS of $12.76, ahead of estimates, on revenue of $4.41 billion, also above forecasts. United Rentals (URI) Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: The company said quarterly results were records for revenue, rental revenue, EPS, and adjusted EBITDA, signaling strong demand across its equipment-rental business. United Rentals jumps after record Q2 results and higher 2026 guidance
• Positive Sentiment: Management raised 2026 revenue guidance to $17.5 billion-$17.8 billion from $16.9 billion-$17.4 billion and lifted adjusted EBITDA guidance, which investors typically view as a sign of continued momentum. United Rentals raises full-year outlook after Q2 earnings top estimates
• Positive Sentiment: The company also highlighted strong customer activity, healthy backlogs, and $750 million in share repurchases year to date, reinforcing confidence in cash generation and shareholder returns. United Rentals Posts Record Q2 Results, Raises Guidance
• Neutral Sentiment: United Rentals also announced a quarterly dividend of $1.97 per share, maintaining its shareholder-return profile, though the yield remains modest at about 0.8%. What Does United Rentals (NYSE:URI) Dividend Mean for S&P 500?
• Negative Sentiment: Some commentary noted the stock may already be pricing in a lot of short-term momentum, which could limit upside if growth slows or expectations become too high. United Rentals Q2 Earnings: The Market Is All-In On Short-Term Momentum

Insider Activity

In related news, VP Andrew B. Limoges sold 548 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $977.86, for a total value of $535,867.28. Following the completion of the sale, the vice president directly owned 1,865 shares in the company, valued at approximately $1,823,708.90. This trade represents a 22.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Matthew John Flannery sold 22,768 shares of United Rentals stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $984.98, for a total value of $22,426,024.64. Following the transaction, the chief executive officer owned 99,980 shares of the company’s stock, valued at $98,478,300.40. The trade was a 18.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 26,088 shares of company stock valued at $25,628,877 over the last quarter. 0.47% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Norges Bank bought a new position in United Rentals during the fourth quarter worth $978,017,000. Corient Private Wealth LLC increased its holdings in shares of United Rentals by 1,667.4% in the fourth quarter. Corient Private Wealth LLC now owns 343,965 shares of the construction company’s stock valued at $278,378,000 after purchasing an additional 324,503 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of United Rentals by 3,459.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 196,688 shares of the construction company’s stock valued at $159,184,000 after purchasing an additional 191,162 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of United Rentals in the fourth quarter valued at about $102,945,000. Finally, Victory Capital Management Inc. lifted its stake in shares of United Rentals by 103.7% during the 4th quarter. Victory Capital Management Inc. now owns 231,018 shares of the construction company’s stock worth $186,967,000 after buying an additional 117,584 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.