12,111 Shares in Sunbelt Rentals Holdings, Inc. Common Stock $SUNB Bought by Signaturefd LLC

Key Points

• Signaturefd LLC acquired 12,111 shares of Sunbelt Rentals Holdings valued at approximately $887,000 in the third quarter. Several other institutional investors also initiated or increased positions.
• Analyst opinions remain mixed: eight rate the stock a Buy, five a Hold and two a Sell. The consensus rating is Hold, with an average price target of $87.33.
• Sunbelt Rentals reported quarterly EPS of $1.18, beating estimates by $0.19, while revenue rose 11.2% year over year to $3.12 billion. The company reduced its quarterly dividend from $0.75 to $0.30 per share.

Signaturefd LLC acquired a new position in Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,111 shares of the company's stock, valued at approximately $887,000.

A number of other institutional investors also recently made changes to their positions in the business. State Street Corp bought a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the 2nd quarter valued at $440,999,000. Metropolis Capital Ltd raised its position in Sunbelt Rentals Holdings, Inc. Common Stock by 2.9% in the 3rd quarter. Metropolis Capital Ltd now owns 3,644,072 shares of the company's stock worth $270,053,000 after purchasing an additional 101,593 shares during the period. Cooke & Bieler LP bought a new stake in Sunbelt Rentals Holdings, Inc. Common Stock in the third quarter worth $153,350,000. James Hambro & Partners LLP lifted its stake in Sunbelt Rentals Holdings, Inc. Common Stock by 1.7% in the third quarter. James Hambro & Partners LLP now owns 1,195,451 shares of the company's stock worth $88,488,000 after purchasing an additional 20,294 shares during the last quarter. Finally, Broad Run Investment Management LLC bought a new stake in Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth $51,353,000.

Analyst Ratings Changes

SUNB has been the subject of several analyst reports. Bank of America upped 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 report on Thursday, September 10th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $97.00 price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Wednesday, September 16th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $80.00 target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Thursday, September 17th. JPMorgan Chase & Co. boosted their target price on Sunbelt Rentals Holdings, Inc. Common Stock from $71.00 to $79.00 and gave the company an "underweight" rating in a research note on Thursday, September 10th. Finally, Wells Fargo & Company began coverage on Sunbelt Rentals Holdings, Inc. Common Stock in a report on Monday, August 17th. They set an "overweight" rating and a $96.00 target price for the company. 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 stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $87.33.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Up 1.3%

Shares of Sunbelt Rentals Holdings, Inc. Common Stock stock opened at $82.89 on Thursday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.87 and a current ratio of 0.94. Sunbelt Rentals Holdings, Inc. Common Stock has a 52-week low of $61.03 and a 52-week high of $86.68. The stock has a market capitalization of $33.96 billion and a price-to-earnings ratio of 43.17. The company's 50 day moving average price is $74.79 and its 200-day moving average price is $74.45.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB - Get Free Report) last issued its 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 during the quarter. The company's quarterly revenue was up 11.2% compared to the same quarter last year. Equities research analysts forecast that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.21 EPS for the current 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 given a $0.30 dividend. The ex-dividend date 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 dividend yield of 1.4%. Sunbelt Rentals Holdings, Inc. Common Stock's dividend payout ratio is presently 62.50%.

Sunbelt Rentals Holdings, Inc. Common Stock 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.

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