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

Key Points

• United Rentals, Inc. announced a quarterly dividend of $1.79 per share, with the ex-dividend date on November 12th and payment to be made on November 26th, representing a 0.7% dividend yield.
• The company reported earnings of $11.70 per share for the latest quarter, falling short of the consensus estimate of $12.43, while revenue rose 5.9% year-over-year to $4.23 billion.
• Institutional investors hold 96.26% of United Rentals' shares, with significant recent investments including a $776 million stake from Norges Bank and a 71.3% increase in shares by JPMorgan Chase & Co.

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

United Rentals has a payout ratio of 15.0% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

United Rentals stock opened at $989.61 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $63.67 billion, a P/E ratio of 25.59, a PEG ratio of 2.31 and a beta of 1.73. The stock's 50 day moving average is $956.38 and its 200 day moving average is $805.28. United Rentals has a twelve month low of $525.91 and a twelve month high of $1,021.47.

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

Hedge Funds Weigh In On United Rentals

Institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of United Rentals in the second quarter worth about $776,102,000. JPMorgan Chase & Co. increased its holdings in shares of United Rentals by 71.3% in the second quarter. JPMorgan Chase & Co. now owns 1,874,127 shares of the construction company's stock worth $1,411,968,000 after purchasing an additional 780,322 shares during the last quarter. Nuveen LLC bought a new stake in shares of United Rentals in the first quarter worth about $402,291,000. Boston Partners increased its holdings in shares of United Rentals by 74.5% in the second quarter. Boston Partners now owns 715,250 shares of the construction company's stock worth $542,526,000 after purchasing an additional 305,378 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of United Rentals in the second quarter worth about $152,069,000. 96.26% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.