Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Declares $0.75 Quarterly Dividend

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) declared a quarterly dividend on Tuesday, June 23rd. Investors of record on Friday, July 10th will be paid a dividend of 0.75 per share on Friday, July 24th. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, July 10th.

Sunbelt Rentals Holdings, Inc. Common Stock Trading Down 9.1%

SUNB stock traded down $7.56 during trading hours on Tuesday, reaching $75.68. 4,782,348 shares of the stock were exchanged, compared to its average volume of 3,997,040. The firm’s 50-day simple moving average is $76.54. Sunbelt Rentals Holdings, Inc. Common Stock has a 12 month low of $61.03 and a 12 month high of $86.68.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last issued its quarterly earnings results on Tuesday, June 23rd. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $2.75 billion during the quarter. During the same quarter last year, the business posted $0.76 EPS.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SUNB. Barclays lifted their target price on Sunbelt Rentals Holdings, Inc. Common Stock from $82.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday. BNP Paribas Exane assumed coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Monday, March 9th. They set an “outperform” rating for the company. The Goldman Sachs Group assumed coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Tuesday, March 10th. They issued a “buy” rating and a $83.00 price objective on the stock. 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 target price on the stock in a research report on Friday. Finally, Citigroup lifted their price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.57.

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.