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

Shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) have received a consensus rating of “Hold” from the thirteen research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $81.25.

Several brokerages recently commented on SUNB. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Tuesday, June 30th. JPMorgan Chase & Co. dropped their target price on Sunbelt Rentals Holdings, Inc. Common Stock from $75.00 to $74.00 and set an “underweight” rating on the stock in a research report on Wednesday, June 24th. Sanford C. Bernstein assumed coverage on Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday, May 12th. They set an “outperform” rating and a $86.00 price target for the company. Wall Street Zen raised shares of Sunbelt Rentals Holdings, Inc. Common Stock to a “hold” rating in a research report on Saturday, April 18th. Finally, 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 objective on the stock in a research note on Friday, June 19th.

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

Shares of SUNB stock opened at $73.36 on Friday. Sunbelt Rentals Holdings, Inc. Common Stock has a 12-month low of $61.03 and a 12-month high of $86.68. The stock has a market capitalization of $30.06 billion and a PE ratio of 99.14. The stock has a 50 day moving average of $76.82.

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

Sunbelt Rentals Holdings, Inc. Common Stock Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be given a $0.75 dividend. The ex-dividend date is Friday, July 10th. This represents a $3.00 annualized dividend and a yield of 4.1%. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio (DPR) is presently 405.41%.

Insider Buying and Selling at Sunbelt Rentals Holdings, Inc. Common Stock

In other news, COO John Washburn sold 3,351 shares of Sunbelt Rentals Holdings, Inc. Common Stock 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 transaction, the chief operating officer owned 72,394 shares in the company, valued at $5,067,580. This trade represents a 4.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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.