Sunbelt Rentals Holdings, Inc. Common Stock (SUNB) to Distribute Quarterly Dividend of $0.30 on October 2nd

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) declared a quarterly dividend on Wednesday, September 9th. Investors of record on Friday, September 18th will be paid a dividend of 0.30 per share on Friday, October 2nd. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, September 18th.

Sunbelt Rentals Holdings, Inc. Common Stock Trading Down 0.4%

Sunbelt Rentals Holdings, Inc. Common Stock stock opened at $73.12 on Friday. Sunbelt Rentals Holdings, Inc. Common Stock has a 52 week low of $61.03 and a 52 week high of $86.68. The firm has a market cap of $29.98 billion and a PE ratio of 98.82. The firm’s 50-day moving average is $74.70. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.83 and a current ratio of 0.90.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last posted its quarterly earnings data on Wednesday, September 9th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.19. The company had revenue of $3.12 billion during the quarter. The firm’s revenue was up 11.2% compared to the same quarter last year. Research analysts expect that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SUNB has been the topic of a number of research reports. KeyCorp boosted their target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday. Barclays raised their price objective on 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. Wells Fargo & Company assumed coverage on Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Monday, August 17th. They issued an “overweight” rating and a $96.00 price target on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday, June 30th. 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 target price on the stock in a research note on Friday, June 19th. Eight 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, the stock has an average rating of “Hold” and an average target price of $86.11.

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.