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

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) has been assigned an average recommendation of “Hold” from the fifteen analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $87.33.

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada restated a “sector perform” rating and set a $80.00 price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Thursday, September 17th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $97.00 target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Wednesday, September 16th. The Goldman Sachs Group upgraded Sunbelt Rentals Holdings, Inc. Common Stock from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $78.00 to $93.00 in a research report on Wednesday, September 16th. Barclays boosted 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 research note on Monday, June 22nd. Finally, Weiss Ratings cut shares of Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, September 28th.

Institutional Trading of Sunbelt Rentals Holdings, Inc. Common Stock

Several institutional investors and hedge funds have recently modified their holdings of SUNB. State Street Corp bought a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the 2nd quarter worth $440,999,000. Broad Run Investment Management LLC purchased a new position in Sunbelt Rentals Holdings, Inc. Common Stock during the 2nd quarter valued at about $51,353,000. Anchor Capital Advisors LLC bought a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter valued at about $44,923,000. Envestnet Asset Management Inc. purchased a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter worth approximately $26,298,000. Finally, Allianz Asset Management GmbH purchased a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter worth approximately $22,082,000.

Sunbelt Rentals Holdings, Inc. Common Stock Price Performance

Sunbelt Rentals Holdings, Inc. Common Stock stock opened at $78.67 on Friday. The firm has a 50-day moving average price of $75.05 and a 200-day moving average price of $74.20. The firm has a market capitalization of $32.24 billion and a PE ratio of 40.97. The company has a current ratio of 0.94, a quick ratio of 0.87 and a debt-to-equity ratio of 1.08. Sunbelt Rentals Holdings, Inc. Common Stock has a 12-month low of $61.03 and a 12-month high of $86.68.

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, beating the consensus estimate of $0.99 by $0.19. The firm had revenue of $3.12 billion for the quarter. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. As a group, equities research analysts forecast that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.21 EPS for the current year.

Sunbelt Rentals Holdings, Inc. Common Stock Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 18th were paid a $0.30 dividend. The ex-dividend date was Friday, September 18th. This represents a $1.20 dividend on an annualized basis and a yield of 1.5%. This is a decrease from Sunbelt Rentals Holdings, Inc. Common Stock’s previous quarterly dividend of $0.75. Sunbelt Rentals Holdings, Inc. Common Stock’s payout ratio is currently 62.50%.

Sunbelt Rentals Holdings, Inc. Common Stock Company Profile

Sunbelt Rentals Holdings, Inc is an equipment rental company operating under the Sunbelt Rentals brand. It provides rental equipment and related services to construction, industrial, commercial, infrastructure, government, entertainment and residential customers.

The company’s rental fleet includes aerial work platforms, earthmoving and material-handling equipment, general construction tools, power-generation systems, climate-control equipment, pumps, trucks and trailers. Sunbelt Rentals also provides specialty services such as temporary power, heating and cooling, site support, fluid management and equipment delivery.

Sunbelt Rentals serves customers across the United States, Canada and the United Kingdom through a network of rental locations and service operations.