Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB – Free Report) had its price objective trimmed by JPMorgan Chase & Co. from $74.00 to $71.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has an underweight rating on the stock.
SUNB has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Tuesday, June 30th. KeyCorp reaffirmed an “overweight” rating and set a $85.00 price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Wednesday, June 24th. Weiss Ratings upgraded Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 7th. Royal Bank Of Canada raised Sunbelt Rentals Holdings, Inc. Common Stock from an “underperform” rating to a “sector perform” rating and set a $80.00 price objective on the stock in a research note on Friday, June 19th. Finally, Citigroup cut their price objective on Sunbelt Rentals Holdings, Inc. Common Stock to $90.00 and set a “buy” rating for the company in a report on Wednesday, June 24th. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $83.67.
Read Our Latest Research Report on SUNB
Sunbelt Rentals Holdings, Inc. Common Stock Stock Up 4.1%
Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB – Get Free Report) last released its quarterly earnings results 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 last year, the business earned $0.76 EPS. On average, equities analysts expect that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.18 EPS for the current year.
Sunbelt Rentals Holdings, Inc. Common Stock Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors 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 was Friday, July 10th. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio (DPR) is presently 405.41%.
Insiders Place Their Bets
In other Sunbelt Rentals Holdings, Inc. Common Stock 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 value of $234,570.00. Following the transaction, the chief operating officer owned 72,394 shares in the company, valued at approximately $5,067,580. The trade was a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.16% of the company’s stock.
Hedge Funds Weigh In On Sunbelt Rentals Holdings, Inc. Common Stock
A number of hedge funds have recently modified their holdings of the stock. Parkside Financial Bank & Trust acquired a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter worth $25,000. Anchor Capital Advisors LLC acquired a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter valued at $44,923,000. Allianz Asset Management GmbH purchased a new position in Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter worth about $22,082,000. Corient Private Wealth LP acquired a new stake in Sunbelt Rentals Holdings, Inc. Common Stock during the 2nd quarter worth about $966,000. Finally, Giverny Capital Inc. purchased a new stake in Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter valued at about $18,431,000.
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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