Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Short Interest Update

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 11,824,713 shares, a growth of 134.1% from the June 15th total of 5,051,563 shares. Approximately 2.9% of the shares of the stock are sold short. Based on an average daily volume of 8,858,037 shares, the short-interest ratio is presently 1.3 days.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Down 1.8%

Sunbelt Rentals Holdings, Inc. Common Stock stock traded down $1.35 during mid-day trading on Tuesday, hitting $72.47. The company’s stock had a trading volume of 1,715,448 shares, compared to its average volume of 4,095,232. The firm has a market capitalization of $29.70 billion and a PE ratio of 97.93. Sunbelt Rentals Holdings, Inc. Common Stock has a twelve month low of $61.03 and a twelve month high of $86.68. The firm’s fifty day simple moving average is $76.88.

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

Sunbelt Rentals Holdings, Inc. Common Stock Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.1%. Sunbelt Rentals Holdings, Inc. Common Stock’s payout ratio is 405.41%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SUNB shares. Wall Street Zen raised Sunbelt Rentals Holdings, Inc. Common Stock to a “hold” rating in a research note on Saturday, April 18th. Barclays raised 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 note on Monday, June 22nd. KeyCorp reaffirmed an “overweight” rating and set a $85.00 target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Wednesday, June 24th. Sanford C. Bernstein assumed coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Tuesday, May 12th. They issued an “outperform” rating and a $86.00 price target on the stock. Finally, Royal Bank Of Canada raised shares of Sunbelt Rentals Holdings, Inc. Common Stock from an “underperform” rating to a “sector perform” rating and set a $80.00 price target for the company in a report on Friday, June 19th. Seven 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $81.25.

Insiders Place Their Bets

In other Sunbelt Rentals Holdings, Inc. Common Stock news, COO John Washburn sold 3,351 shares of the stock in a transaction on Wednesday, July 8th. The stock was 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 approximately $5,067,580. This trade represents a 4.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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.