Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Receives $83.67 Consensus PT from Analysts

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) has been assigned an average rating of “Hold” from the fourteen brokerages that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $86.1111.

Several research analysts recently commented on the stock. Bank of America raised their price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $62.00 to $71.00 and gave the stock an “underperform” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Tuesday, June 30th. Citigroup reduced their target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. 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 for the company in a research report on Friday, June 19th. Finally, KeyCorp lifted their price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday.

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 that occurred 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 transaction, the chief operating officer owned 72,394 shares of the company’s stock, valued at $5,067,580. The trade was a 4.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is owned by company insiders.

Institutional Trading of Sunbelt Rentals Holdings, Inc. Common Stock

Several large investors have recently bought and sold shares of SUNB. Broad Run Investment Management LLC purchased a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter worth $51,353,000. Anchor Capital Advisors LLC purchased a new stake in Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter worth approximately $44,923,000. California State Teachers Retirement System acquired a new stake in Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter valued at $32,415,000. Allianz Asset Management GmbH acquired a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth about $22,082,000. Finally, Giverny Capital Inc. acquired a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth about $18,431,000.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Down 0.8%

NYSE SUNB opened at $72.62 on Monday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.94 and a quick ratio of 0.83. The stock’s fifty day moving average price is $74.70. The stock has a market capitalization of $29.76 billion and a price-to-earnings ratio of 98.13. Sunbelt Rentals Holdings, Inc. Common Stock has a 52 week low of $61.03 and a 52 week high of $86.68.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last announced its earnings results on Wednesday, September 9th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.19. The business 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. Equities research analysts anticipate that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.17 EPS for the current year.

Sunbelt Rentals Holdings, Inc. Common Stock Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 18th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, September 18th. Sunbelt Rentals Holdings, Inc. Common Stock’s payout ratio is presently 405.41%.

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.