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

United Rentals, Inc. (NYSE:URI - Get Free Report) declared a quarterly dividend on Wednesday, January 29th,RTT News reports. Stockholders of record on Wednesday, February 12th will be given a dividend of 1.79 per share by the construction company on Wednesday, February 26th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.94%. This is a boost from United Rentals's previous quarterly dividend of $1.63.

United Rentals has a dividend payout ratio of 12.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect United Rentals to earn $46.06 per share next year, which means the company should continue to be able to cover its $6.52 annual dividend with an expected future payout ratio of 14.2%.

United Rentals Stock Performance

NYSE URI traded down $8.65 on Wednesday, reaching $758.30. 564,576 shares of the stock were exchanged, compared to its average volume of 697,221. The firm has a market capitalization of $49.76 billion, a PE ratio of 19.80, a PEG ratio of 1.73 and a beta of 1.69. United Rentals has a one year low of $596.48 and a one year high of $896.98. The company's 50-day simple moving average is $769.13 and its two-hundred day simple moving average is $768.78. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI - Get Free Report) last released its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing analysts' consensus estimates of $11.65 by ($0.06). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. Analysts expect that United Rentals will post 43.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

URI has been the topic of several recent analyst reports. Citigroup reduced their price objective on shares of United Rentals from $985.00 to $835.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Robert W. Baird raised shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price objective for the company in a report on Tuesday, January 14th. Argus lifted their target price on United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Baird R W upgraded United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 14th. Finally, Barclays lifted their price objective on United Rentals from $400.00 to $565.00 and gave the stock an "underweight" rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $813.73.

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.

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