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

Key Points

• Analysts collectively rate SUNB “Hold.” Among 13 analysts, seven recommend buying, four recommend holding and two recommend selling; the average 12-month price target is $82.50.
• Sunbelt Rentals reported quarterly EPS of $0.74, slightly above the $0.73 consensus estimate, on revenue of $2.75 billion. Analysts expect full-year EPS of approximately $4.18.
• The company maintains a quarterly dividend of $0.75, or $3.00 annually, yielding about 3.7%; however, its dividend payout ratio is very high at 405.41%.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB - Get Free Report) has received a consensus recommendation of "Hold" from the thirteen analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $82.50.

Several analysts recently issued reports on the stock. Citigroup reduced their price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock to $90.00 and set a "buy" rating on the stock in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday, June 30th. JPMorgan Chase & Co. reduced their target price on 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. Sanford C. Bernstein reiterated an "outperform" rating and issued a $96.00 price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday, July 21st. Finally, Barclays boosted their price target on Sunbelt Rentals Holdings, Inc. Common Stock from $82.00 to $90.00 and gave the stock an "overweight" rating in a report on Monday, June 22nd.

Insider Buying and Selling 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 that occurred on Wednesday, July 8th. The shares were 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. The trade was a 4.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.16% of the company's stock.

Institutional Trading of Sunbelt Rentals Holdings, Inc. Common Stock

A hedge fund recently bought a new position in Sunbelt Rentals Holdings, Inc. Common Stock stock. LM Advisors LLC bought a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 34,000 shares of the company's stock, valued at approximately $1,391,000.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Down 0.3%

SUNB opened at $80.28 on Thursday. The company has a market capitalization of $32.91 billion and a PE ratio of 108.49. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.83. Sunbelt Rentals Holdings, Inc. Common Stock has a twelve month low of $61.03 and a twelve month high of $86.68. The business's 50-day moving average price is $76.78.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB - Get Free Report) last released its earnings results on Tuesday, June 23rd. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. The firm had revenue of $2.75 billion during the quarter. During the same quarter in the prior year, the company posted $0.76 earnings per share. Sell-side 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 business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Friday, July 10th. Sunbelt Rentals Holdings, Inc. Common Stock's dividend payout ratio (DPR) is presently 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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