Stock Traders Buy High Volume of Sunbelt Rentals Holdings, Inc. Common Stock Call Options (NYSE:SUNB)

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) was the recipient of unusually large options trading activity on Friday. Investors purchased 2,242 call options on the company. This is an increase of 472% compared to the average volume of 392 call options.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

NYSE:SUNB opened at $72.82 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.83. The business’s fifty day moving average is $75.67. The firm has a market capitalization of $29.85 billion and a PE ratio of 98.41. Sunbelt Rentals Holdings, Inc. Common Stock has a fifty-two week low of $61.03 and a fifty-two week high of $86.68.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last posted its quarterly earnings data on Tuesday, June 23rd. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. The company had revenue of $2.75 billion for the quarter. During the same quarter last year, the firm posted $0.76 earnings per share. Research analysts forecast that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.18 earnings per share for the current year.

Sunbelt Rentals Holdings, Inc. Common Stock Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were paid a $0.75 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $3.00 dividend on an annualized basis and a yield of 4.1%. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio (DPR) is currently 405.41%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SUNB. JPMorgan Chase & Co. decreased their price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $75.00 to $74.00 and set an “underweight” rating for the company in a research report on Wednesday, June 24th. KeyCorp restated an “overweight” rating and issued a $85.00 price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Wednesday, June 24th. Royal Bank Of Canada upgraded Sunbelt Rentals Holdings, Inc. Common Stock from an “underperform” rating to a “sector perform” rating and set a $80.00 price target for the company in a research note on Friday, June 19th. 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 report on Monday, June 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Tuesday, June 30th. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Sunbelt Rentals Holdings, Inc. Common Stock currently has a consensus rating of “Hold” and an average target price of $84.00.

Insider Transactions at Sunbelt Rentals Holdings, Inc. Common Stock

In related news, COO John Washburn sold 3,351 shares of the firm’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $70.00, for a total transaction of $234,570.00. Following the sale, the chief operating officer owned 72,394 shares in the company, valued at approximately $5,067,580. This trade represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.16% of the company’s stock.

Institutional Investors Weigh In On Sunbelt Rentals Holdings, Inc. Common Stock

Several institutional investors have recently bought and sold shares of SUNB. LM Advisors LLC purchased a new stake in Sunbelt Rentals Holdings, Inc. Common Stock during the 2nd quarter worth approximately $1,391,000. Councilmark Asset Management LLC lifted its position in shares of Sunbelt Rentals Holdings, Inc. Common Stock by 1.5% in the second quarter. Councilmark Asset Management LLC now owns 10,020 shares of the company’s stock valued at $750,000 after acquiring an additional 150 shares in the last quarter. Legacy Financial Advisors Inc. purchased a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter valued at approximately $411,000. Live Oak Private Wealth LLC acquired a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth approximately $4,088,000. Finally, Nykredit A S acquired a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth approximately $16,543,000.

About Sunbelt Rentals Holdings, Inc. Common Stock

Sunbelt Rentals Holdings, Inc is a major equipment rental company that provides a broad range of rental solutions to construction, industrial, municipal and specialty markets. The company’s business centers on short- and long-term rental of equipment used for earthmoving, aerial access, material handling, power generation, climate control, pumps and general tools, supporting customers who need flexible access to capital-intensive assets without the expense of ownership.

In addition to physical equipment, Sunbelt Rentals offers complementary services designed to keep projects running efficiently.