John Washburn Sells 3,351 Shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Stock

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) COO John Washburn sold 3,351 shares of the business’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 value of $234,570.00. Following the sale, the chief operating officer directly owned 72,394 shares in the company, valued at $5,067,580. The trade was a 4.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

Shares of NYSE:SUNB traded up $1.92 during trading on Friday, hitting $74.92. The company had a trading volume of 3,304,218 shares, compared to its average volume of 4,143,805. The company has a market cap of $30.70 billion and a PE ratio of 101.25. Sunbelt Rentals Holdings, Inc. Common Stock has a one year low of $61.03 and a one year high of $86.68. The stock has a fifty day moving average price of $76.99.

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

Sunbelt Rentals Holdings, Inc. Common Stock Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have recently commented on the company. KeyCorp reaffirmed an “overweight” rating and set a $85.00 target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Wednesday, June 24th. Weiss Ratings raised shares of Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. Bank of America started coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Monday, March 16th. They issued an “underperform” rating and a $62.00 price target on the stock. Barclays raised their target price 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 report on Monday, June 22nd. Finally, Zacks Research raised Sunbelt Rentals Holdings, Inc. Common Stock to a “hold” rating in a research report on Monday, March 30th. Seven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Sunbelt Rentals Holdings, Inc. Common Stock has an average rating of “Hold” and an average price target of $81.25.

About Sunbelt Rentals Holdings, Inc. Common Stock

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.