1,269,095 Shares of Sunbelt Rentals Holdings, Inc. Common Stock $SUNB Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,269,095 shares of the company’s stock, valued at approximately $92,910,000. Sumitomo Mitsui Trust Group Inc. owned about 0.31% of Sunbelt Rentals Holdings, Inc. Common Stock at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Councilmark Asset Management LLC lifted its position in Sunbelt Rentals Holdings, Inc. Common Stock by 1.5% in the second quarter. Councilmark Asset Management LLC now owns 10,020 shares of the company’s stock valued at $750,000 after purchasing an additional 150 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock by 14.6% during the third quarter. Farther Finance Advisors LLC now owns 1,631 shares of the company’s stock valued at $119,000 after purchasing an additional 208 shares during the period. Parkside Financial Bank & Trust purchased a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter valued at approximately $25,000. Allworth Financial LP purchased a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter valued at approximately $30,000. Finally, MassMutual Private Wealth & Trust FSB bought a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the third quarter worth approximately $31,000.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

NYSE SUNB opened at $83.84 on Tuesday. Sunbelt Rentals Holdings, Inc. Common Stock has a fifty-two week low of $61.03 and a fifty-two week high of $86.68. The company has a current ratio of 0.94, a quick ratio of 0.87 and a debt-to-equity ratio of 1.08. The stock has a 50 day simple moving average of $75.15 and a two-hundred day simple moving average of $74.62.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last issued its quarterly earnings data on Wednesday, September 9th. The company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.19. The business had revenue of $3.12 billion during the quarter. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. Research analysts forecast that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.21 earnings per share for the current year.

Sunbelt Rentals Holdings, Inc. Common Stock Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 18th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 18th. This is a negative change 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 1.4%. Sunbelt Rentals Holdings, Inc. Common Stock’s payout ratio is 62.50%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SUNB. KeyCorp upped their price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, September 10th. Morgan Stanley reissued an “overweight” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Monday, September 21st. Royal Bank Of Canada reissued a “sector perform” rating and issued a $80.00 price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Thursday, September 17th. The Goldman Sachs Group upgraded shares of Sunbelt Rentals Holdings, Inc. Common Stock from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $78.00 to $93.00 in a research report on Wednesday, September 16th. Finally, Weiss Ratings raised shares of Sunbelt Rentals Holdings, Inc. Common Stock from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Nine equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $85.72.

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.