Sunbelt Rentals Holdings, Inc. Common Stock $SUNB Shares Newly Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. acquired a new stake in Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 36,796 shares of the company’s stock, valued at approximately $2,694,000.

A number of other institutional investors have also bought and sold shares of SUNB. Councilmark Asset Management LLC boosted its holdings in shares of 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 worth $750,000 after purchasing an additional 150 shares during the last quarter. Parallel Advisors LLC boosted its stake in Sunbelt Rentals Holdings, Inc. Common Stock by 6.2% during the third quarter. Parallel Advisors LLC now owns 2,774 shares of the company’s stock worth $203,000 after buying an additional 162 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in 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 worth $119,000 after buying an additional 208 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Sunbelt Rentals Holdings, Inc. Common Stock by 3.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,652 shares of the company’s stock valued at $503,000 after buying an additional 232 shares in the last quarter. Finally, Parkside Financial Bank & Trust acquired a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter worth $25,000.

Sunbelt Rentals Holdings, Inc. Common Stock Price Performance

NYSE:SUNB opened at $83.29 on Thursday. Sunbelt Rentals Holdings, Inc. Common Stock has a 52 week low of $61.03 and a 52 week 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 $34.13 billion and a P/E ratio of 43.38. The stock’s fifty day moving average is $76.17 and its two-hundred day moving average is $74.86.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last released its quarterly earnings results 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 for the quarter. Sunbelt Rentals Holdings, Inc. Common Stock’s revenue was up 11.2% compared to the same quarter last year. Equities analysts expect 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 business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 18th were issued a $0.30 dividend. The ex-dividend date was Friday, September 18th. This represents a $1.20 annualized dividend and a dividend yield of 1.4%. This is a decrease from Sunbelt Rentals Holdings, Inc. Common Stock’s previous quarterly dividend of $0.75. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio (DPR) is currently 62.50%.

Analysts Set New Price Targets

Several research firms have recently commented on SUNB. KeyCorp lifted their price target on Sunbelt Rentals Holdings, Inc. Common Stock from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, September 10th. Wells Fargo & Company began coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Monday, August 17th. They set an “overweight” rating and a $96.00 price objective for the company. Morgan Stanley restated an “overweight” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Monday, September 21st. JPMorgan Chase & Co. lifted their target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $71.00 to $79.00 and gave the stock an “underweight” rating in a research note on Thursday, September 10th. Finally, Bank of America boosted their target price on shares of 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. Nine investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently 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. 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.