Tidal Investments LLC bought a new position in Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund bought 224,519 shares of the company’s stock, valued at approximately $16,151,000.
Other large investors have also modified their holdings of the company. Councilmark Asset Management LLC grew its position in shares of Sunbelt Rentals Holdings, Inc. Common Stock by 1.5% in the 2nd quarter. Councilmark Asset Management LLC now owns 10,020 shares of the company’s stock worth $750,000 after acquiring an additional 150 shares in the last quarter. Legacy Financial Advisors Inc. bought a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter worth about $411,000. Live Oak Private Wealth LLC acquired a new stake in Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter worth about $4,088,000. Nykredit A S acquired a new stake in Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter worth about $16,543,000. Finally, TD Waterhouse Canada Inc. acquired a new stake in Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter worth about $5,245,000.
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 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 directly owned 72,394 shares in the company, valued at $5,067,580. This trade represents a 4.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is owned by company insiders.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on Sunbelt Rentals Holdings, Inc. Common Stock
Trending Headlines about Sunbelt Rentals Holdings, Inc. Common Stock
Here are the key news stories impacting Sunbelt Rentals Holdings, Inc. Common Stock this week:
- Positive Sentiment: Sunbelt reported fiscal first-quarter earnings per share of $1.18, beating the $0.99 consensus estimate by $0.19. Revenue increased 11.2% year over year to $3.12 billion, signaling continued demand for equipment rentals. Sunbelt Rentals: Fiscal Q1 Earnings Snapshot
- Positive Sentiment: Management raised its fiscal 2027 outlook and provided revenue guidance of $11.8 billion to $12.2 billion, broadly in line with the $11.9 billion analyst consensus. The stronger outlook supports the company’s growth narrative. Sunbelt Rentals Q1 Profit, Revenue Rise; Raises Outlook; Stock Up In Pre-market
- Positive Sentiment: JPMorgan raised its price target from $71 to $79, implying upside from recent levels, although it retained an underweight rating.
- Positive Sentiment: The company declared a quarterly dividend of $0.30 per share, payable October 2 to shareholders of record September 18. The dividend represents an annualized yield of approximately 1.6%.
- Neutral Sentiment: Chief Executive Officer Brendan Horgan is scheduled to speak at the Morgan Stanley Laguna Conference on September 16. Investor attention may focus on demand trends, capital spending and debt reduction. Sunbelt Rentals to Attend the Morgan Stanley Laguna Conference
- Negative Sentiment: Analysts remain concerned that aggressive capital expenditures and shareholder returns are limiting free cash flow while Sunbelt carries substantial debt. One recent analysis rated SUNB a hold, citing high leverage and limited liquidity despite strong operating growth. Sunbelt Rentals: Hold On To This Equipment Rental Company As They Pay Down Debt
Sunbelt Rentals Holdings, Inc. Common Stock Stock Down 0.4%
Shares of NYSE:SUNB opened at $73.12 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.83 and a current ratio of 0.90. The firm has a 50-day moving average price of $74.70. The company has a market cap of $29.98 billion and a P/E ratio of 98.82. 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 – Get Free Report) last posted its earnings results on Wednesday, September 9th. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $0.99 by $0.19. The firm had revenue of $3.12 billion during the quarter. The firm’s revenue 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 4.18 EPS for the current year.
Sunbelt Rentals Holdings, Inc. Common Stock Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 18th will be issued a $0.30 dividend. 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 dividend payout ratio is 405.41%.
Sunbelt Rentals Holdings, Inc. Common Stock Company 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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