Analysts Set Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) PT at $81.25

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) has been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $82.50.

A number of equities analysts have issued reports on the stock. Wall Street Zen raised shares of Sunbelt Rentals Holdings, Inc. Common Stock to a “hold” rating in a report on Saturday, April 18th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $96.00 target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Tuesday. Weiss Ratings raised shares of Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 7th. Citigroup cut 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 report on Wednesday, June 24th. Finally, Zacks Research raised shares of Sunbelt Rentals Holdings, Inc. Common Stock to a “hold” rating in a research report on Monday, March 30th.

Insider Buying and Selling at Sunbelt Rentals Holdings, Inc. Common Stock

In other news, COO John Washburn sold 3,351 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The stock was 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 $5,067,580. The trade was a 4.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

Shares of NYSE:SUNB opened at $72.08 on Friday. The stock has a market capitalization of $29.53 billion and a PE ratio of 97.40. Sunbelt Rentals Holdings, Inc. Common Stock has a 12-month low of $61.03 and a 12-month high of $86.68. The firm’s 50 day moving average is $76.82.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last announced 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 for the quarter. During the same period in the prior year, the business earned $0.76 EPS.

Sunbelt Rentals Holdings, Inc. Common Stock Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $3.00 annualized dividend and a dividend yield of 4.2%. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio (DPR) is currently 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.