Andra AP fonden Invests $6.05 Million in Sunbelt Rentals Holdings, Inc. Common Stock $SUNB

Andra AP fonden purchased a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 80,901 shares of the company's stock, valued at approximately $6,052,000.

A number of other institutional investors have also recently bought and sold shares of SUNB. Parkside Financial Bank & Trust acquired a new stake in Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter worth approximately $25,000. Allworth Financial LP acquired a new stake in Sunbelt Rentals Holdings, Inc. Common Stock during the 2nd quarter worth $30,000. Integrated Wealth Concepts LLC bought a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter valued at about $83,000. First Eagle Investment Management LLC bought a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth about $136,000. Finally, HB Wealth Management LLC acquired a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter worth about $218,000.

Sunbelt Rentals Holdings, Inc. Common Stock Trading Down 2.3%

NYSE SUNB opened at $73.92 on Thursday. Sunbelt Rentals Holdings, Inc. Common Stock has a 12 month low of $61.03 and a 12 month 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 moving average of $74.84 and a 200-day moving average of $74.03. The company has a market cap of $30.29 billion and a PE ratio of 38.50.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB - Get Free Report) last announced its quarterly earnings data on Wednesday, September 9th. The company reported $1.18 EPS 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% on a year-over-year basis. On average, equities research analysts anticipate that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.26 EPS for the current fiscal year.

Sunbelt Rentals Holdings, Inc. Common Stock Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, September 18th. Sunbelt Rentals Holdings, Inc. Common Stock's payout ratio is 62.50%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SUNB. The Goldman Sachs Group raised Sunbelt Rentals Holdings, Inc. Common Stock from a "neutral" rating to a "buy" rating and increased their target price for the stock from $78.00 to $93.00 in a research note on Wednesday, September 16th. Citigroup reduced 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 note on Wednesday, June 24th. Bank of America boosted their price target on Sunbelt Rentals Holdings, Inc. Common Stock from $62.00 to $71.00 and gave the company an "underperform" rating in a report on Thursday, September 10th. Wells Fargo & Company initiated coverage on 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. Finally, Barclays upped their price target on Sunbelt Rentals Holdings, Inc. Common Stock from $82.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday, June 22nd. Nine investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Sunbelt Rentals Holdings, Inc. Common Stock has an average rating of "Hold" and an average target price of $87.33.

Insiders Place Their Bets

In other Sunbelt Rentals Holdings, Inc. Common Stock news, COO John Washburn sold 3,351 shares of the company's stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $70.00, for a total value of $234,570.00. Following the sale, the chief operating officer owned 72,394 shares in the company, valued at $5,067,580. This represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is currently owned by company insiders.

Sunbelt Rentals Holdings, Inc. Common Stock Profile

Sunbelt Rentals Holdings, Inc is an equipment rental company that provides tools, machinery and related services to construction, industrial, commercial, infrastructure, government and residential customers. Its rental fleet includes aerial work platforms, earthmoving and material-handling equipment, general tools, power-generation equipment, pumps, heating and cooling systems, and temporary structures.

The company also provides specialized solutions such as trench safety, climate control, event equipment, traffic management and temporary power.

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