Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Receives Consensus Rating of “Hold” from Brokerages

Shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) have been assigned a consensus rating of “Hold” from the fourteen research firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $86.1111.

Several research firms recently commented on SUNB. Sanford C. Bernstein reiterated an “outperform” rating and issued a $96.00 price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Tuesday, July 21st. 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. Citigroup lowered their target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock to $90.00 and set a “buy” rating for the company in a report on Wednesday, June 24th. Barclays increased their price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $82.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, June 22nd. Finally, KeyCorp boosted their price target on Sunbelt Rentals Holdings, Inc. Common Stock from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday.

Insider Activity

In related news, COO John Washburn sold 3,351 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $70.00, for a total transaction of $234,570.00. Following the sale, the chief operating officer directly owned 72,394 shares in the company, valued at approximately $5,067,580. This trade represents a 4.42% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.16% of the company’s stock.

Institutional Investors Weigh In On Sunbelt Rentals Holdings, Inc. Common Stock

A number of large investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company purchased a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter worth about $11,553,000. Sequoia Financial Advisors LLC bought a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter valued at approximately $5,133,000. Tidal Investments LLC acquired a new position in Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth $16,151,000. Integrated Wealth Concepts LLC acquired a new position in Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth $83,000. Finally, Allworth Financial LP bought a new stake in Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter valued at $30,000.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

Sunbelt Rentals Holdings, Inc. Common Stock stock opened at $72.62 on Monday. The firm has a market capitalization of $29.76 billion and a P/E ratio of 98.13. Sunbelt Rentals Holdings, Inc. Common Stock has a one year low of $61.03 and a one year high of $86.68. The firm has a fifty day simple moving average of $74.70. The company has a current ratio of 0.94, a quick ratio of 0.87 and a debt-to-equity ratio of 1.08.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last issued its earnings results on Wednesday, September 9th. The company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.19. The company had revenue of $3.12 billion for the quarter. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. Sell-side analysts predict that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.22 EPS for the current year.

Sunbelt Rentals Holdings, Inc. Common Stock Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 18th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, September 18th. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio is currently 405.41%.

About Sunbelt Rentals Holdings, Inc. Common Stock

Sunbelt Rentals Holdings, Inc is an equipment rental company that provides tools, machinery and related services to construction, industrial, commercial, infrastructure, government and residential customers. Its rental fleet includes aerial work platforms, earthmoving and material-handling equipment, general tools, power-generation equipment, pumps, heating and cooling systems, and temporary structures.

The company also provides specialized solutions such as trench safety, climate control, event equipment, traffic management and temporary power.