26,634 Shares of Sunbelt Rentals Holdings, Inc. Common Stock $SUNB Acquired by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. purchased a new position in Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 26,634 shares of the company’s stock, valued at approximately $1,965,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Councilmark Asset Management LLC grew its stake in Sunbelt Rentals Holdings, Inc. Common Stock by 1.5% during the 2nd 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 in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock by 14.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,631 shares of the company’s stock valued at $119,000 after buying an additional 208 shares during the last quarter. Parkside Financial Bank & Trust acquired a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter worth approximately $25,000. Allworth Financial LP acquired a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter worth approximately $30,000. Finally, MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the third quarter worth approximately $31,000.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Sanford C. Bernstein restated an “outperform” rating and issued a $97.00 price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Wednesday, September 16th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $80.00 price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Thursday, September 17th. Weiss Ratings raised shares of Sunbelt Rentals Holdings, Inc. Common Stock from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 30th. Wells Fargo & Company began coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Monday, August 17th. They set an “overweight” rating and a $96.00 price objective for the company. Finally, Morgan Stanley reissued an “overweight” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Monday, September 21st. Nine analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $85.72.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

Shares of SUNB opened at $76.82 on Friday. Sunbelt Rentals Holdings, Inc. Common Stock has a 1 year low of $61.03 and a 1 year high of $86.68. The company has a market cap of $31.48 billion and a price-to-earnings ratio of 40.01. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.87 and a current ratio of 0.94. The firm has a fifty day moving average of $75.49 and a 200-day moving average of $74.73.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last announced its quarterly earnings results on Wednesday, September 9th. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $0.99 by $0.19. The firm had revenue of $3.12 billion during the quarter. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. As a group, equities analysts anticipate 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 business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 18th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.6%. 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. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio is 62.50%.

About Sunbelt Rentals Holdings, Inc. Common Stock

Sunbelt Rentals Holdings, Inc provides equipment rental and related services to customers in construction, industrial, commercial, infrastructure, government and other markets. Its offerings include general construction equipment and tools, as well as specialty solutions such as aerial work platforms, climate control, power generation, pumps, trench safety and scaffolding.

The company serves customers through a network of rental locations across the United States, Canada, the United Kingdom and Ireland.