40,541 Shares in Sunbelt Rentals Holdings, Inc. Common Stock $SUNB Purchased by Formuepleje A S

Formuepleje A S acquired a new stake in Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 40,541 shares of the company’s stock, valued at approximately $2,968,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Councilmark Asset Management LLC lifted its position in shares of Sunbelt Rentals Holdings, Inc. Common Stock by 1.5% during the 2nd quarter. Councilmark Asset Management LLC now owns 10,020 shares of the company’s stock valued at $750,000 after buying an additional 150 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Sunbelt Rentals Holdings, Inc. Common Stock by 14.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,631 shares of the company’s stock worth $119,000 after acquiring an additional 208 shares in the last quarter. Parkside Financial Bank & Trust purchased a new stake in Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter worth $25,000. Allworth Financial LP purchased a new stake in Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter worth $30,000. Finally, MassMutual Private Wealth & Trust FSB acquired a new position in Sunbelt Rentals Holdings, Inc. Common Stock during the third quarter worth $31,000.

Sunbelt Rentals Holdings, Inc. Common Stock Price Performance

Shares of NYSE SUNB traded down $0.85 during midday trading on Thursday, hitting $74.76. The stock had a trading volume of 1,051,351 shares, compared to its average volume of 4,260,106. The company has a quick ratio of 0.87, a current ratio of 0.94 and a debt-to-equity ratio of 1.08. The stock has a 50 day simple moving average of $75.06 and a 200-day simple moving average of $74.59. The company has a market capitalization of $30.63 billion and a PE ratio of 38.88. Sunbelt Rentals Holdings, Inc. Common Stock has a 1 year low of $61.03 and a 1 year high of $86.68.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last issued its quarterly earnings results on Wednesday, September 9th. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $0.99 by $0.19. The firm had revenue of $3.12 billion for the quarter. Sunbelt Rentals Holdings, Inc. Common Stock’s revenue was up 11.2% compared to the same quarter last year. On average, sell-side analysts expect that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.21 EPS for the current fiscal year.

Sunbelt Rentals Holdings, Inc. Common Stock Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 18th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, September 18th. This is a decrease from Sunbelt Rentals Holdings, Inc. Common Stock’s previous quarterly dividend of $0.75. Sunbelt Rentals Holdings, Inc. Common Stock’s payout ratio is 62.50%.

Analysts Set New Price Targets

SUNB has been the topic of several recent analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $80.00 price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Thursday, September 17th. Wells Fargo & Company initiated coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Monday, August 17th. They issued an “overweight” rating and a $96.00 target price on the stock. Barclays boosted 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 note on Monday, June 22nd. Weiss Ratings downgraded shares of Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, September 28th. Finally, Bank of America raised their price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $62.00 to $71.00 and gave the company an “underperform” rating in a research note on Thursday, September 10th. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Sunbelt Rentals Holdings, Inc. Common Stock currently has an average rating of “Hold” and a consensus price target of $87.33.

Sunbelt Rentals Holdings, Inc. Common Stock Company Profile

Sunbelt Rentals Holdings, Inc is an equipment rental company operating under the Sunbelt Rentals brand. It provides rental equipment and related services to construction, industrial, commercial, infrastructure, government, entertainment and residential customers.

The company’s rental fleet includes aerial work platforms, earthmoving and material-handling equipment, general construction tools, power-generation systems, climate-control equipment, pumps, trucks and trailers. Sunbelt Rentals also provides specialty services such as temporary power, heating and cooling, site support, fluid management and equipment delivery.

Sunbelt Rentals serves customers across the United States, Canada and the United Kingdom through a network of rental locations and service operations.