Giverny Capital Inc. Makes New Investment in Sunbelt Rentals Holdings, Inc. Common Stock $SUNB

Giverny Capital Inc. acquired a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 246,369 shares of the company’s stock, valued at approximately $18,431,000.

A number of other large investors have also recently made changes to their positions in SUNB. First Eagle Investment Management LLC acquired a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter valued at $136,000. HB Wealth Management LLC purchased a new stake in Sunbelt Rentals Holdings, Inc. Common Stock during the 2nd quarter valued at about $218,000. Legacy Financial Advisors Inc. acquired a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter valued at about $411,000. Syon Capital LLC purchased a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth about $536,000. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter worth about $652,000.

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

Shares of SUNB stock opened at $68.69 on Monday. The firm’s 50 day moving average is $74.87. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.83 and a current ratio of 0.90. The stock has a market capitalization of $28.16 billion and a PE ratio of 92.82. Sunbelt Rentals Holdings, Inc. Common Stock has a twelve month low of $61.03 and a twelve month 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $2.75 billion during the quarter. During the same period in the previous year, the firm earned $0.76 earnings per share. On average, research analysts predict that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.18 earnings per share for the current fiscal year.

Sunbelt Rentals Holdings, Inc. Common Stock Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Friday, July 10th. Sunbelt Rentals Holdings, Inc. Common Stock’s payout ratio is currently 405.41%.

Insider Activity

In related news, COO John Washburn sold 3,351 shares of the stock in a transaction 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 sale, the chief operating officer directly owned 72,394 shares of the company’s stock, valued at approximately $5,067,580. This represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $74.00 to $71.00 and set an “underweight” rating on the stock in a report on Wednesday, September 2nd. Royal Bank Of Canada raised shares of Sunbelt Rentals Holdings, Inc. Common Stock from an “underperform” rating to a “sector perform” rating and set a $80.00 price objective on the stock in a report on Friday, June 19th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $96.00 price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Tuesday, June 30th. Finally, Barclays boosted 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 research report on Monday, June 22nd. Eight equities research 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. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $83.67.

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.