United Rentals, Inc. (URI) to Issue Quarterly Dividend of $1.97 on May 27th

United Rentals, Inc. (NYSE:URI) declared a quarterly dividend on Wednesday, April 22nd. Investors of record on Wednesday, May 13th will be given a dividend of 1.97 per share by the construction company on Wednesday, May 27th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, May 13th.

United Rentals has a payout ratio of 16.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect United Rentals to earn $52.79 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 14.9%.

United Rentals Price Performance

NYSE:URI opened at $935.68 on Monday. The stock has a market cap of $58.62 billion, a P/E ratio of 23.87, a PEG ratio of 1.49 and a beta of 1.83. United Rentals has a one year low of $666.95 and a one year high of $1,021.47. The company has a fifty day moving average price of $805.22 and a 200 day moving average price of $838.92. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing the consensus estimate of $11.47 by ($1.76). The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. United Rentals’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $8.86 earnings per share. Analysts anticipate that United Rentals will post 46.99 earnings per share for the current year.

Insider Activity

In other news, SVP Joli L. Gross sold 306 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $954.99, for a total value of $292,226.94. Following the sale, the senior vice president owned 5,738 shares of the company’s stock, valued at approximately $5,479,732.62. This represents a 5.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew John Flannery sold 22,768 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the completion of the sale, the chief executive officer directly owned 99,980 shares in the company, valued at approximately $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 sold a total of 26,088 shares of company stock worth $25,628,877 in the last quarter. 0.47% of the stock is owned by company insiders.

Institutional Investors Weigh In On United Rentals

Several large investors have recently made changes to their positions in URI. Norges Bank bought a new stake in shares of United Rentals in the 4th quarter worth about $978,017,000. Capital International Investors grew its holdings in shares of United Rentals by 22.8% in the 3rd quarter. Capital International Investors now owns 3,402,524 shares of the construction company’s stock worth $3,247,762,000 after purchasing an additional 631,484 shares during the last quarter. Corient Private Wealth LLC grew its holdings in United Rentals by 1,667.4% during the 4th quarter. Corient Private Wealth LLC now owns 343,965 shares of the construction company’s stock worth $278,378,000 after acquiring an additional 324,503 shares during the last quarter. TD Asset Management Inc grew its holdings in United Rentals by 66.5% during the 3rd quarter. TD Asset Management Inc now owns 484,450 shares of the construction company’s stock worth $462,485,000 after acquiring an additional 193,416 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in United Rentals by 3,459.3% during the 4th 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. Institutional investors own 96.26% of the company’s stock.

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.