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 firm’s stock in a transaction that occurred 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 directly owned 72,394 shares of the company’s stock, valued at $5,067,580. This represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

SUNB traded up $1.92 during trading hours on Friday, hitting $74.92. 3,293,526 shares of the company’s stock were exchanged, compared to its average volume of 4,143,583. Sunbelt Rentals Holdings, Inc. Common Stock has a 1-year low of $61.03 and a 1-year high of $86.68. The firm has a 50-day moving average price of $76.95. The company has a market capitalization of $30.70 billion and a PE ratio of 101.25.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last issued 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 business had revenue of $2.75 billion for the quarter. During the same quarter in the previous year, the business earned $0.76 earnings per share.

Sunbelt Rentals Holdings, Inc. Common Stock Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Royal Bank Of Canada upgraded 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 research note on Friday, June 19th. Weiss Ratings upgraded Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. JPMorgan Chase & Co. cut their price objective on Sunbelt Rentals Holdings, Inc. Common Stock from $75.00 to $74.00 and set an “underweight” rating for the company in a report on Wednesday, June 24th. Sanford C. Bernstein assumed coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday, May 12th. They issued an “outperform” rating and a $86.00 target price for the company. Finally, Bank of America started coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Monday, March 16th. They set an “underperform” rating and a $62.00 target price on the stock. Seven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.