Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Receives $82.50 Average Price Target from Brokerages

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) has earned a consensus recommendation of “Hold” from the fourteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $84.00.

SUNB has been the topic of several recent analyst reports. KeyCorp reissued an “overweight” rating and set a $85.00 price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Wednesday, June 24th. JPMorgan Chase & Co. cut 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. Wells Fargo & Company began coverage on Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Monday. They issued an “overweight” rating and a $96.00 target price for the company. Weiss Ratings upgraded shares of Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday, June 30th.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

Sunbelt Rentals Holdings, Inc. Common Stock stock opened at $83.23 on Thursday. Sunbelt Rentals Holdings, Inc. Common Stock has a fifty-two week low of $61.03 and a fifty-two week high of $86.68. The stock has a market capitalization of $34.12 billion and a P/E ratio of 112.47. The business’s fifty day moving average is $76.92. 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 (NYSE:SUNB) last posted its quarterly earnings data on Tuesday, June 23rd. The company reported $0.74 EPS 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 quarter in the prior year, the firm posted $0.76 earnings per share. On average, analysts forecast that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.18 EPS for the current fiscal year.

Sunbelt Rentals Holdings, Inc. Common Stock Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were paid a $0.75 dividend. The ex-dividend date was Friday, July 10th. This represents a $3.00 annualized dividend and a dividend yield of 3.6%. Sunbelt Rentals Holdings, Inc. Common Stock’s payout ratio is 405.41%.

Insider Buying and Selling

In related news, COO John Washburn sold 3,351 shares of the stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $70.00, for a total value of $234,570.00. Following the completion of the transaction, the chief operating officer owned 72,394 shares of the company’s stock, valued at approximately $5,067,580. This represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.16% of the company’s stock.

Institutional Investors Weigh In On 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 stake in Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) by 1.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,020 shares of the company’s stock after buying an additional 150 shares during the period. Councilmark Asset Management LLC’s holdings in Sunbelt Rentals Holdings, Inc. Common Stock were worth $750,000 at the end of the most recent reporting period.

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.