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

Key Points

• James Hambro & Partners increased its SUNB stake by 1.7%, purchasing 20,294 additional shares to hold 1.20 million shares worth approximately $88.5 million, or 0.29% of the company.
• Analyst sentiment remains mixed but leans positive: eight analysts rate SUNB a Buy, five Hold, and two Sell, resulting in a consensus Hold rating and an average price target of $87.33.
• SUNB reported quarterly earnings of $1.18 per share, beating estimates of $0.99, while revenue rose 11.2% year over year to $3.12 billion. The company’s quarterly dividend was reduced to $0.30 per share from $0.75.

James Hambro & Partners LLP raised its position in Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB - Free Report) by 1.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 accounts for approximately 3.1% of James Hambro & Partners LLP's portfolio, making the stock its 16th largest holding. James Hambro & Partners LLP owned about 0.29% of Sunbelt Rentals Holdings, Inc. Common Stock worth $88,488,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SUNB. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday, June 30th. KeyCorp upped their price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $85.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, September 10th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $97.00 price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Wednesday, September 16th. The Goldman Sachs Group upgraded Sunbelt Rentals Holdings, Inc. Common Stock from a "neutral" rating to a "buy" rating and increased their price target for the company from $78.00 to $93.00 in a report on Wednesday, September 16th. Finally, JPMorgan Chase & Co. raised their price objective on Sunbelt Rentals Holdings, Inc. Common Stock from $71.00 to $79.00 and gave the company an "underweight" rating in a research report on Thursday, September 10th. Eight analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Sunbelt Rentals Holdings, Inc. Common Stock presently has a consensus rating of "Hold" and a consensus price target of $87.33.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Up 0.1%

Shares of NYSE SUNB traded up $0.04 during trading on Monday, reaching $76.06. 1,025,150 shares of the stock were exchanged, compared to its average volume of 4,233,625. The business's 50-day moving average price is $74.87 and its 200 day moving average price is $74.75. Sunbelt Rentals Holdings, Inc. Common Stock has a twelve month low of $61.03 and a twelve month high of $86.68. 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 company has a market capitalization of $31.17 billion and a price-to-earnings ratio of 39.62.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB - Get Free Report) last released 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 for the quarter. The firm's revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, equities analysts forecast 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 firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 18th were paid a dividend of $0.30 per share. This is a drop from Sunbelt Rentals Holdings, Inc. Common Stock's previous quarterly dividend of $0.75. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, September 18th. Sunbelt Rentals Holdings, Inc. Common Stock's payout ratio is 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.

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