Live Oak Private Wealth LLC Purchases Shares of 54,650 Sunbelt Rentals Holdings, Inc. Common Stock $SUNB

Live Oak Private Wealth LLC purchased a new position in Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) in the 2nd quarter, HoldingsChannel reports. The fund purchased 54,650 shares of the company’s stock, valued at approximately $4,088,000.

Separately, Legacy Financial Advisors Inc. acquired a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter valued at $411,000.

Insiders Place Their Bets

In other news, COO John Washburn sold 3,351 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $70.00, for a total transaction of $234,570.00. Following the completion of the sale, the chief operating officer owned 72,394 shares in the company, valued at approximately $5,067,580. The trade was a 4.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.16% of the company’s stock.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

NYSE:SUNB opened at $66.91 on Wednesday. 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 market cap of $27.43 billion and a PE ratio of 90.42. The company has a current ratio of 0.90, a quick ratio of 0.83 and a debt-to-equity ratio of 0.95. The business’s 50-day simple moving average is $75.29.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last issued its earnings results on Tuesday, June 23rd. The company reported $0.74 earnings per share 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. On average, equities research analysts predict that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.18 EPS for the current year.

Sunbelt Rentals Holdings, Inc. Common Stock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $3.00 dividend on an annualized basis and a yield of 4.5%. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio (DPR) is presently 405.41%.

Analyst Ratings Changes

A number of research analysts recently issued reports on SUNB shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Tuesday, June 30th. Barclays increased their price target on Sunbelt Rentals Holdings, Inc. Common Stock from $82.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, June 22nd. 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 objective for the company in a research note on Friday, June 19th. KeyCorp reissued an “overweight” rating and set a $85.00 price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Wednesday, June 24th. Finally, Wells Fargo & Company started coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Monday, August 17th. They set an “overweight” rating and a $96.00 target price on the stock. Eight 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $84.00.

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.