James Hambro & Partners LLP Acquires 20,294 Shares of Sunbelt Rentals Holdings, Inc. Common Stock $SUNB

James Hambro & Partners LLP boosted its holdings in shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) by 1.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,195,451 shares of the company’s stock after purchasing an additional 20,294 shares during the quarter. Sunbelt Rentals Holdings, Inc. Common Stock makes up approximately 3.1% of James Hambro & Partners LLP’s portfolio, making the stock its 16th biggest holding. James Hambro & Partners LLP’s holdings in Sunbelt Rentals Holdings, Inc. Common Stock were worth $88,488,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SUNB. Anchor Capital Advisors LLC acquired a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter valued at approximately $44,923,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter worth approximately $5,133,000. Giverny Capital Inc. acquired a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter worth approximately $18,431,000. Tidal Investments LLC bought a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth $16,151,000. Finally, Broad Run Investment Management LLC bought a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth $51,353,000.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SUNB shares. JPMorgan Chase & Co. upped their price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $71.00 to $79.00 and gave the company an “underweight” rating in a report on Thursday, September 10th. KeyCorp raised their price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, September 10th. Citigroup dropped their target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock to $90.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. The Goldman Sachs Group upgraded shares of Sunbelt Rentals Holdings, Inc. Common Stock from a “neutral” rating to a “buy” rating and upped their target price for the company from $78.00 to $93.00 in a research note on Wednesday, September 16th. Finally, Weiss Ratings cut 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. Eight research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Sunbelt Rentals Holdings, Inc. Common Stock has an average rating of “Hold” and a consensus target price of $87.33.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

NYSE:SUNB traded up $0.04 during trading hours on Monday, reaching $76.06. 1,025,150 shares of the stock were exchanged, compared to its average volume of 4,233,625. The stock has a market capitalization of $31.17 billion and a P/E ratio of 39.62. The firm has a 50 day simple moving average of $74.87 and a 200-day simple moving average of $74.75. The company has a quick ratio of 0.87, a current ratio of 0.94 and a debt-to-equity ratio of 1.08. Sunbelt Rentals Holdings, Inc. Common Stock has a 52 week low of $61.03 and a 52 week 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.19. The firm had revenue of $3.12 billion during the quarter. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.21 earnings per share for the current fiscal year.

Sunbelt Rentals Holdings, Inc. Common Stock Cuts Dividend

The firm 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 is a drop from Sunbelt Rentals Holdings, Inc. Common Stock’s previous quarterly dividend of $0.75. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, September 18th. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio is presently 62.50%.

Sunbelt Rentals Holdings, Inc. Common Stock Company Profile

Sunbelt Rentals Holdings, Inc is an equipment rental company that provides construction, industrial, commercial and specialty equipment to businesses, government agencies and consumers. Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling machinery, general tools, power-generation and climate-control equipment, pumps, trench-safety products, traffic and safety equipment, and temporary structures.

The company supports a range of applications, including construction and infrastructure projects, industrial maintenance, facility management, disaster response, utilities, entertainment and events.