Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Receives Average Rating of "Hold" from Analysts

Shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB - Get Free Report) have received a consensus rating of "Hold" from the fourteen ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $83.6667.

Several analysts have recently commented on SUNB shares. Weiss Ratings cut shares of Sunbelt Rentals Holdings, Inc. Common Stock from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Tuesday, June 30th. JPMorgan Chase & Co. decreased their price objective on Sunbelt Rentals Holdings, Inc. Common Stock from $74.00 to $71.00 and set an "underweight" rating on the stock in a research report on Wednesday, September 2nd. Citigroup lowered their target price on Sunbelt Rentals Holdings, Inc. Common Stock to $90.00 and set a "buy" rating for the company in a research note on Wednesday, June 24th. Finally, Wells Fargo & Company initiated coverage on Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Monday, August 17th. They set an "overweight" rating and a $96.00 target price for the company.

Insider Buying and Selling

In related news, COO John Washburn sold 3,351 shares of the 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 sale, the chief operating officer directly 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 at this link. Corporate insiders own 0.16% of the company's stock.

Hedge Funds Weigh In On Sunbelt Rentals Holdings, Inc. Common Stock

Institutional investors and hedge funds have recently made changes to their positions in the company. Anchor Capital Advisors LLC bought a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter valued at $44,923,000. California State Teachers Retirement System bought a new position in Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter worth about $32,415,000. Allianz Asset Management GmbH bought a new position in Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter worth about $22,082,000. Giverny Capital Inc. acquired a new position in Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter valued at about $18,431,000. Finally, Nykredit A S acquired a new position in Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter valued at about $16,543,000.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

Shares of NYSE:SUNB opened at $68.69 on Monday. The firm has a fifty day simple moving average of $74.87. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.83 and a current ratio of 0.90. Sunbelt Rentals Holdings, Inc. Common Stock has a twelve month low of $61.03 and a twelve month high of $86.68. The firm has a market capitalization of $28.16 billion and a price-to-earnings ratio of 92.82.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB - Get Free Report) last issued its quarterly earnings data on Tuesday, June 23rd. The company reported $0.74 EPS for the quarter, topping 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 company posted $0.76 earnings per share. On average, analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Friday, July 10th. Sunbelt Rentals Holdings, Inc. Common Stock's payout ratio is currently 405.41%.

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.

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