Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB – Get Free Report) has received an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the stock, Marketbeat.com reports. Two equities 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 target price among analysts that have issued a report on the stock in the last year is $83.6667.
A number of equities research analysts recently commented on SUNB shares. Sanford C. Bernstein restated an “outperform” rating and set a $96.00 price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Tuesday, July 21st. Wells Fargo & Company started coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Monday, August 17th. They issued an “overweight” rating and a $96.00 target price for the company. Weiss Ratings cut Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, September 1st. 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 target on the stock in a research note on Friday, June 19th. Finally, JPMorgan Chase & Co. cut their price target on Sunbelt Rentals Holdings, Inc. Common Stock from $74.00 to $71.00 and set an “underweight” rating on the stock in a report on Wednesday, September 2nd.
Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance
Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB – Get Free Report) last announced its quarterly earnings results on Tuesday, June 23rd. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $2.75 billion during the quarter. During the same quarter in the prior year, the firm posted $0.76 earnings per share. On average, analysts predict 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 company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders 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 yield of 4.4%. Sunbelt Rentals Holdings, Inc. Common Stock’s payout ratio is presently 405.41%.
Insiders Place Their Bets
In other news, COO John Washburn sold 3,351 shares of the firm’s 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 completion of the transaction, the chief operating officer directly owned 72,394 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is currently owned by company insiders.
Institutional Trading of Sunbelt Rentals Holdings, Inc. Common Stock
Institutional investors have recently made changes to their positions in the business. Parkside Financial Bank & Trust bought a new position in Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter valued at $25,000. First Eagle Investment Management LLC acquired a new stake in Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter valued at $136,000. HB Wealth Management LLC bought a new stake in Sunbelt Rentals Holdings, Inc. Common Stock during the 2nd quarter worth about $218,000. Legacy Financial Advisors Inc. bought a new stake in Sunbelt Rentals Holdings, Inc. Common Stock during the 2nd quarter worth about $411,000. Finally, Syon Capital LLC acquired a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the 2nd quarter worth about $536,000.
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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