Insider Selling: Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) COO Sells $234,570.00 in Stock

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) COO John Washburn sold 3,351 shares of the company’s 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 transaction, the chief operating officer owned 72,394 shares of the company’s stock, valued at approximately $5,067,580. This represents a 4.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Up 0.1%

SUNB opened at $74.92 on Monday. The stock has a market capitalization of $30.70 billion and a PE ratio of 101.25. The company’s fifty day moving average is $76.99. Sunbelt Rentals Holdings, Inc. Common Stock has a fifty-two week low of $61.03 and a fifty-two week high of $86.68.

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

Sunbelt Rentals Holdings, Inc. Common Stock Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, July 10th. Sunbelt Rentals Holdings, Inc. Common Stock’s payout ratio is currently 405.41%.

Analyst Ratings Changes

SUNB has been the subject of several research analyst reports. Weiss Ratings upgraded Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 7th. Zacks Research raised Sunbelt Rentals Holdings, Inc. Common Stock to a “hold” rating in a report on Monday, March 30th. JPMorgan Chase & Co. lowered their target price on Sunbelt Rentals Holdings, Inc. Common Stock from $75.00 to $74.00 and set an “underweight” rating for the company in a research report on Wednesday, June 24th. Barclays raised their target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $82.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, June 22nd. Finally, Citigroup reduced their price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $81.25.

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.