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

Shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) have been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $82.50.

SUNB has been the topic of several recent research reports. Wall Street Zen upgraded shares of Sunbelt Rentals Holdings, Inc. Common Stock to a “hold” rating in a research report on Saturday, April 18th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Tuesday, June 30th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $96.00 price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday, July 21st. Royal Bank Of Canada upgraded shares of Sunbelt Rentals Holdings, Inc. Common Stock from an “underperform” rating to a “sector perform” rating and set a $80.00 price target on the stock in a report on Friday, June 19th. Finally, Citigroup decreased their price objective on Sunbelt Rentals Holdings, Inc. Common Stock to $90.00 and set a “buy” rating for the company in a report on Wednesday, June 24th.

Sunbelt Rentals Holdings, Inc. Common Stock Trading Down 0.3%

Sunbelt Rentals Holdings, Inc. Common Stock stock opened at $80.28 on Thursday. The company has a 50-day moving average price of $76.78. Sunbelt Rentals Holdings, Inc. Common Stock has a 12 month low of $61.03 and a 12 month high of $86.68. The company has a market capitalization of $32.91 billion and a P/E ratio of 108.49. The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 0.95.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last released its quarterly earnings results on Tuesday, June 23rd. The company reported $0.74 earnings per share 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 quarter in the prior year, the business posted $0.76 EPS. As a group, analysts predict that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.18 earnings per share for the current fiscal year.

Sunbelt Rentals Holdings, Inc. Common Stock Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were paid a $0.75 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $3.00 annualized dividend and a dividend yield of 3.7%. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio is presently 405.41%.

Insider Activity

In other news, COO John Washburn sold 3,351 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $70.00, for a total transaction of $234,570.00. Following the completion of the transaction, the chief operating officer directly owned 72,394 shares in the company, valued at $5,067,580. This trade represents 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 through the SEC website. 0.16% of the stock is owned by company insiders.

Institutional Trading of Sunbelt Rentals Holdings, Inc. Common Stock

An institutional investor recently bought a new position in Sunbelt Rentals Holdings, Inc. Common Stock stock. LM Advisors LLC purchased a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 34,000 shares of the company’s stock, valued at approximately $1,391,000.

About Sunbelt Rentals Holdings, Inc. Common Stock

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.