Sunbelt Rentals Holdings, Inc. Common Stock’s (SUNB) Sector Perform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reissued their sector perform rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) in a research report released on Thursday morning,Benzinga reports. Royal Bank Of Canada currently has a $80.00 price target on the stock.

Other equities research analysts have also issued reports about the company. Weiss Ratings raised Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, September 14th. Bank of America boosted their price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $62.00 to $71.00 and gave the company an “underperform” rating in a research report on Thursday, September 10th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Tuesday, June 30th. JPMorgan Chase & Co. upped their price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $71.00 to $79.00 and gave the stock an “underweight” rating in a research note on Thursday, September 10th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $97.00 price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Wednesday. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $87.33.

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

Shares of NYSE SUNB opened at $73.70 on Thursday. The stock has a fifty day moving average of $74.78. The firm has a market cap of $30.20 billion and a PE ratio of 38.39. Sunbelt Rentals Holdings, Inc. Common Stock has a 52-week low of $61.03 and a 52-week high of $86.68. The company has a quick ratio of 0.87, a current ratio of 0.94 and a debt-to-equity ratio of 1.08.

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, topping the consensus estimate of $0.99 by $0.19. The company had revenue of $3.12 billion for the quarter. The business’s quarterly revenue was up 11.2% on a year-over-year basis. As a group, analysts anticipate that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.22 earnings per share for the current year.

Sunbelt Rentals Holdings, Inc. Common Stock Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 18th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, September 18th. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio is 156.25%.

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

In related news, COO John Washburn sold 3,351 shares of Sunbelt Rentals Holdings, Inc. Common Stock stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $70.00, for a total value of $234,570.00. Following the completion of the sale, the chief operating officer owned 72,394 shares of the company’s stock, valued at approximately $5,067,580. The trade was a 4.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Sunbelt Rentals Holdings, Inc. Common Stock

Several institutional investors have recently bought and sold shares of SUNB. Broad Run Investment Management LLC acquired a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth about $51,353,000. Anchor Capital Advisors LLC acquired a new stake in Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter worth approximately $44,923,000. Allianz Asset Management GmbH bought a new stake in Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter worth approximately $22,082,000. Giverny Capital Inc. acquired a new position in Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter valued at approximately $18,431,000. Finally, Crow s Nest Holdings LP acquired a new position in Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter valued at approximately $16,832,000.

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.