United Rentals, Inc. (URI) to Issue Quarterly Dividend of $1.97 on August 26th

United Rentals, Inc. (NYSE:URI) announced a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Wednesday, August 12th will be paid a dividend of 1.97 per share by the construction company on Wednesday, August 26th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, August 12th.

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 $55.71 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 14.1%.

United Rentals Stock Performance

NYSE URI opened at $1,162.37 on Monday. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38. United Rentals has a 52-week low of $701.59 and a 52-week high of $1,179.18. The business’s 50-day moving average price is $1,085.32 and its 200 day moving average price is $933.20. The firm has a market cap of $72.35 billion, a P/E ratio of 27.91, a P/E/G ratio of 1.50 and a beta of 1.80.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, topping analysts’ consensus estimates of $11.53 by $1.23. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The company had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.22 billion. During the same period last year, the firm earned $10.47 EPS. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, equities research analysts expect that United Rentals will post 48.55 earnings per share for the current year.

Insider Buying and Selling at United Rentals

In other news, EVP William E. Grace sold 1,500 shares of the stock in a transaction dated 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 in the company, valued at $6,869,155.30. This trade represents a 19.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.47% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in United Rentals by 18.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,756 shares of the construction company’s stock worth $9,514,000 after acquiring an additional 1,846 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of United Rentals by 52.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,241 shares of the construction company’s stock worth $2,623,000 after purchasing an additional 1,109 shares in the last quarter. Eventide Asset Management LLC boosted its stake in shares of United Rentals by 19.6% in the fourth quarter. Eventide Asset Management LLC now owns 95,940 shares of the construction company’s stock valued at $77,666,000 after purchasing an additional 15,696 shares during the period. Whittier Trust Co. boosted its stake in shares of United Rentals by 2.6% in the fourth quarter. Whittier Trust Co. now owns 61,408 shares of the construction company’s stock valued at $54,782,000 after purchasing an additional 1,529 shares during the period. Finally, WINTON GROUP Ltd grew its holdings in United Rentals by 995.1% during the 4th quarter. WINTON GROUP Ltd now owns 13,612 shares of the construction company’s stock valued at $11,016,000 after purchasing an additional 12,369 shares in the last quarter. 96.26% of the stock is currently 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.