Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Raised to Strong-Buy at Wells Fargo & Company

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) was upgraded by research analysts at Wells Fargo & Company to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

SUNB has been the topic of a number of other reports. KeyCorp restated an “overweight” rating and issued a $85.00 price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Wednesday, June 24th. JPMorgan Chase & Co. decreased their price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $75.00 to $74.00 and set an “underweight” rating on the stock in a report on Wednesday, June 24th. Barclays upped their price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $82.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, June 22nd. Sanford C. Bernstein reissued an “outperform” rating and issued a $96.00 price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday, July 21st. Finally, Weiss Ratings upgraded shares of Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Sunbelt Rentals Holdings, Inc. Common Stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.00.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Down 1.9%

NYSE:SUNB opened at $83.23 on Monday. The company has a 50-day simple moving average of $76.92. The firm has a market capitalization of $34.12 billion and a price-to-earnings ratio of 112.47. 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 has a twelve month low of $61.03 and a twelve month high of $86.68.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last released its earnings results on Tuesday, June 23rd. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $2.75 billion during the quarter. During the same quarter in the previous year, the company posted $0.76 EPS. On average, analysts anticipate that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.18 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO John Washburn sold 3,351 shares of Sunbelt Rentals Holdings, Inc. Common Stock 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 sale, the chief operating officer directly owned 72,394 shares of the company’s stock, valued at approximately $5,067,580. This trade represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Institutional Trading of Sunbelt Rentals Holdings, Inc. Common Stock

An institutional investor recently raised its stake in Sunbelt Rentals Holdings, Inc. Common Stock stock. Councilmark Asset Management LLC increased its position in Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) by 1.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,020 shares of the company’s stock after buying an additional 150 shares during the quarter. Councilmark Asset Management LLC’s holdings in Sunbelt Rentals Holdings, Inc. Common Stock were worth $750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.