Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Given Consensus Rating of “Hold” by Brokerages

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) has received an average rating of “Hold” from the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $82.50.

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Sunbelt Rentals Holdings, Inc. Common Stock from $75.00 to $74.00 and set an “underweight” rating for the company in a research note on Wednesday, June 24th. KeyCorp reissued an “overweight” rating and issued a $85.00 price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Wednesday, June 24th. Barclays lifted their price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $82.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, June 22nd. Citigroup dropped their target price on Sunbelt Rentals Holdings, Inc. Common Stock to $90.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Tuesday, June 30th.

Insider Activity at Sunbelt Rentals Holdings, Inc. Common Stock

In related news, COO John Washburn sold 3,351 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $70.00, for a total value of $234,570.00. Following the completion of the sale, the chief operating officer directly owned 72,394 shares of the company’s stock, valued at $5,067,580. The trade was a 4.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Sunbelt Rentals Holdings, Inc. Common Stock Price Performance

Shares of SUNB opened at $77.57 on Friday. The firm has a market capitalization of $31.78 billion and a PE ratio of 104.82. The stock’s 50-day simple moving average is $76.70. Sunbelt Rentals Holdings, Inc. Common Stock has a 1 year low of $61.03 and a 1 year high of $86.68.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last released its earnings results on Tuesday, June 23rd. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $2.75 billion for the quarter. During the same quarter in the previous year, the business posted $0.76 EPS.

Sunbelt Rentals Holdings, Inc. Common Stock Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $3.00 dividend on an annualized basis and a yield of 3.9%. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio (DPR) is presently 405.41%.

Sunbelt Rentals Holdings, Inc. Common Stock Company Profile

Sunbelt Rentals Holdings, Inc is a major equipment rental company that provides a broad range of rental solutions to construction, industrial, municipal and specialty markets. The company’s business centers on short- and long-term rental of equipment used for earthmoving, aerial access, material handling, power generation, climate control, pumps and general tools, supporting customers who need flexible access to capital-intensive assets without the expense of ownership.

In addition to physical equipment, Sunbelt Rentals offers complementary services designed to keep projects running efficiently.