Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Receives $82.50 Average PT from Brokerages

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) has received a consensus rating of “Hold” from the fourteen analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $84.00.

Several equities research analysts have recently weighed in on SUNB shares. Royal Bank Of Canada raised Sunbelt Rentals Holdings, Inc. Common Stock from an “underperform” rating to a “sector perform” rating and set a $80.00 target price on the stock in a research report on Friday, June 19th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $96.00 price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Tuesday, July 21st. KeyCorp reissued an “overweight” rating and set a $85.00 price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Wednesday, June 24th. Barclays upped their target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $82.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, June 22nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $75.00 to $74.00 and set an “underweight” rating for the company in a research report on Wednesday, June 24th.

Sunbelt Rentals Holdings, Inc. Common Stock Trading Up 1.2%

Shares of NYSE:SUNB opened at $79.77 on Thursday. Sunbelt Rentals Holdings, Inc. Common Stock has a 52 week low of $61.03 and a 52 week high of $86.68. The firm has a 50 day moving average price of $76.82. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.83 and a current ratio of 0.90. The stock has a market cap of $32.70 billion and a P/E ratio of 107.79.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last released its quarterly earnings data on Tuesday, June 23rd. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. The firm had revenue of $2.75 billion for the quarter. During the same period in the prior year, the business posted $0.76 earnings per share. As a group, equities research analysts expect that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.18 EPS for the current year.

Sunbelt Rentals Holdings, Inc. Common Stock Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, July 10th. Sunbelt Rentals Holdings, Inc. Common Stock’s payout ratio is presently 405.41%.

Insiders Place Their Bets

In related news, COO John Washburn sold 3,351 shares of the stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $70.00, for a total transaction of $234,570.00. Following the completion of the sale, the chief operating officer owned 72,394 shares in the company, valued at $5,067,580. This represents a 4.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sunbelt Rentals Holdings, Inc. Common Stock

An institutional investor recently raised its position in Sunbelt Rentals Holdings, Inc. Common Stock stock. Councilmark Asset Management LLC lifted its position in shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,020 shares of the company’s stock after acquiring an additional 150 shares during the quarter. Councilmark Asset Management LLC’s holdings in Sunbelt Rentals Holdings, Inc. Common Stock were worth $750,000 at the end of the most recent quarter.

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.