Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts have assigned Sunbelt Rentals Holdings a consensus rating of "Hold", based on 13 brokerages; the average 12-month price target is $81.25.
• The company recently reported quarterly EPS of $0.74, slightly ahead of estimates, on revenue of $2.75 billion. It also announced a quarterly dividend of $0.75 per share, equal to a 4.1% annualized yield.
• COO John Washburn sold 3,351 shares at $70.00 each, reducing his stake by 4.42%. The stock opened at $73.36 and has traded between $61.03 and $86.68 over the past year.

Shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB - Get Free Report) have received a consensus rating of "Hold" from the thirteen brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $81.25.

A number of research firms have weighed in on SUNB. 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. Barclays upped their target price 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 note on Monday, June 22nd. Zacks Research raised shares of Sunbelt Rentals Holdings, Inc. Common Stock to a "hold" rating in a research report on Monday, March 30th. Royal Bank Of Canada upgraded shares of Sunbelt Rentals Holdings, Inc. Common Stock from an "underperform" rating to a "sector perform" rating and set a $80.00 price objective for the company in a report on Friday, June 19th. Finally, Sanford C. Bernstein began coverage on Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Tuesday, May 12th. They issued an "outperform" rating and a $86.00 price objective on the stock.

Insider Activity at Sunbelt Rentals Holdings, Inc. Common Stock

In related 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 value of $234,570.00. Following the completion of the sale, the chief operating officer directly owned 72,394 shares in the company, valued at approximately $5,067,580. This trade represents a 4.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

NYSE SUNB opened at $73.36 on Friday. Sunbelt Rentals Holdings, Inc. Common Stock has a 12 month low of $61.03 and a 12 month high of $86.68. The stock has a market capitalization of $30.06 billion and a PE ratio of 99.14. The business has a fifty day moving average of $76.82.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB - Get Free Report) last posted its quarterly earnings results on Tuesday, June 23rd. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. The company had revenue of $2.75 billion during the quarter. During the same period in the previous year, the company posted $0.76 earnings per share.

Sunbelt Rentals Holdings, Inc. Common Stock Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, July 10th. Sunbelt Rentals Holdings, Inc. Common Stock's dividend payout ratio is presently 405.41%.

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.

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