United Rentals, Inc. (NYSE:URI) Plans $1.48 Quarterly Dividend

United Rentals, Inc. (NYSE:URIGet Rating) declared a quarterly dividend on Wednesday, January 25th, RTT News reports. Shareholders of record on Wednesday, February 8th will be given a dividend of 1.48 per share by the construction company on Wednesday, February 22nd. This represents a $5.92 dividend on an annualized basis and a yield of 1.51%.

United Rentals Stock Down 0.3 %

Shares of NYSE URI traded down $1.32 during mid-day trading on Wednesday, hitting $392.48. The company had a trading volume of 768,955 shares, compared to its average volume of 637,335. The company has a market capitalization of $27.20 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 0.57 and a beta of 1.81. The firm has a 50-day simple moving average of $362.87 and a two-hundred day simple moving average of $320.82. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 1.54. United Rentals has a one year low of $230.54 and a one year high of $397.38.

United Rentals (NYSE:URIGet Rating) last announced its quarterly earnings data on Wednesday, October 26th. The construction company reported $9.27 earnings per share for the quarter, beating the consensus estimate of $9.00 by $0.27. The company had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.09 billion. United Rentals had a return on equity of 35.38% and a net margin of 17.51%. On average, equities analysts expect that United Rentals will post 32.6 EPS for the current year.

United Rentals declared that its board has approved a share repurchase program on Wednesday, October 26th that allows the company to buyback $1.25 billion in shares. This buyback authorization allows the construction company to reacquire up to 5.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

URI has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on United Rentals from $354.00 to $328.00 and set a “hold” rating for the company in a report on Thursday, October 13th. Citigroup lifted their price target on United Rentals to $415.00 in a report on Wednesday, December 14th. Robert W. Baird lifted their price target on United Rentals from $318.00 to $365.00 in a report on Monday, November 14th. UBS Group lifted their price target on United Rentals from $365.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, November 16th. Finally, OTR Global upgraded United Rentals from a “mixed” rating to a “positive” rating in a report on Friday, December 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, United Rentals has an average rating of “Hold” and a consensus target price of $394.10.

Insider Activity

In other United Rentals news, Director Jose B. Alvarez purchased 177 shares of the company’s stock in a transaction dated Friday, November 18th. The stock was bought at an average cost of $344.65 per share, for a total transaction of $61,003.05. Following the completion of the transaction, the director now owns 10,660 shares in the company, valued at $3,673,969. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is owned by company insiders.

Institutional Investors Weigh In On United Rentals

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kentucky Retirement Systems Insurance Trust Fund raised its position in United Rentals by 2.5% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,508 shares of the construction company’s stock valued at $677,000 after purchasing an additional 61 shares in the last quarter. Kentucky Retirement Systems raised its position in United Rentals by 3.1% during the third quarter. Kentucky Retirement Systems now owns 5,478 shares of the construction company’s stock valued at $1,480,000 after purchasing an additional 163 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of United Rentals by 8.5% during the third quarter. Baird Financial Group Inc. now owns 2,103 shares of the construction company’s stock worth $567,000 after buying an additional 165 shares during the last quarter. CreativeOne Wealth LLC grew its stake in shares of United Rentals by 9.2% during the third quarter. CreativeOne Wealth LLC now owns 1,406 shares of the construction company’s stock worth $380,000 after buying an additional 118 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of United Rentals by 15.5% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,264 shares of the construction company’s stock worth $341,000 after buying an additional 170 shares during the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Company Profile

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United Rentals, Inc engages in the equipment rental business. The company rents equipment to construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities. It operates through the General Rentals and Specialty segments. The General Rentals segment includes the rental of general construction and industrial equipment, earthmoving equipment, material handling equipment, aerial work platforms, and general tools and light equipment.

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