Sunbelt Rentals Holdings, Inc. Common Stock (SUNB) To Go Ex-Dividend on September 18th

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) declared a quarterly dividend on Wednesday, September 9th. Stockholders of record on Friday, September 18th will be paid a dividend of 0.30 per share on Friday, October 2nd. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, September 18th.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

SUNB opened at $71.86 on Wednesday. Sunbelt Rentals Holdings, Inc. Common Stock has a 1 year low of $61.03 and a 1 year high of $86.68. The business has a 50 day moving average of $74.74. The firm has a market capitalization of $29.44 billion and a PE ratio of 97.10. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.94 and a quick ratio of 0.87.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last issued its quarterly earnings results on Wednesday, September 9th. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $0.99 by $0.19. The company had revenue of $3.12 billion for the quarter. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. As a group, sell-side analysts expect that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on SUNB shares. Bank of America upped their price objective on Sunbelt Rentals Holdings, Inc. Common Stock from $62.00 to $71.00 and gave the stock an “underperform” rating in a report on Thursday, September 10th. Royal Bank Of Canada upgraded Sunbelt Rentals Holdings, Inc. Common Stock from a “sector perform” rating to an “outperform” rating in a report on Wednesday. Citigroup lowered their price target on Sunbelt Rentals Holdings, Inc. Common Stock to $90.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. Sanford C. Bernstein restated an “outperform” rating and set a $97.00 price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Wednesday. Finally, Barclays raised their price objective on Sunbelt Rentals Holdings, Inc. Common Stock from $82.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, June 22nd. Nine analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $86.22.

About Sunbelt Rentals Holdings, Inc. Common Stock

Sunbelt Rentals Holdings, Inc is an equipment rental company that provides tools, machinery and related services to construction, industrial, commercial, infrastructure, government and residential customers. Its rental fleet includes aerial work platforms, earthmoving and material-handling equipment, general tools, power-generation equipment, pumps, heating and cooling systems, and temporary structures.

The company also provides specialized solutions such as trench safety, climate control, event equipment, traffic management and temporary power.