denkapparat Operations GmbH Acquires New Position in Sunbelt Rentals Holdings, Inc. Common Stock $SUNB

denkapparat Operations GmbH bought a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNBFree Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,290 shares of the company’s stock, valued at approximately $1,114,000.

Several other large investors also recently bought and sold shares of SUNB. Nykredit A S purchased a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth $16,543,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter worth $5,245,000. Live Oak Private Wealth LLC purchased a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter valued at $4,088,000. Councilmark Asset Management LLC grew its holdings in shares of Sunbelt Rentals Holdings, Inc. Common Stock by 1.5% during the second quarter. Councilmark Asset Management LLC now owns 10,020 shares of the company’s stock valued at $750,000 after buying an additional 150 shares during the last quarter. Finally, Legacy Financial Advisors Inc. acquired a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter valued at $411,000.

Sunbelt Rentals Holdings, Inc. Common Stock Price Performance

NYSE SUNB opened at $65.83 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 quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $26.99 billion and a P/E ratio of 88.96. The firm’s fifty day simple moving average is $74.98.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNBGet Free Report) last announced its quarterly earnings results on Tuesday, June 23rd. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. The company had revenue of $2.75 billion for the quarter. During the same quarter in the prior year, the company earned $0.76 earnings per share. Research analysts expect that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.18 earnings per share for the current year.

Sunbelt Rentals Holdings, Inc. Common Stock Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were paid a $0.75 dividend. The ex-dividend date was Friday, July 10th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.6%. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio is presently 405.41%.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SUNB shares. 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 target price for the company in a research note on Friday, June 19th. Weiss Ratings downgraded Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Citigroup cut their price objective on Sunbelt Rentals Holdings, Inc. Common Stock to $90.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. JPMorgan Chase & Co. decreased their target price on Sunbelt Rentals Holdings, Inc. Common Stock from $74.00 to $71.00 and set an “underweight” rating for the company in a report on Wednesday. Finally, KeyCorp reiterated an “overweight” rating and issued a $85.00 target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Wednesday, June 24th. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Sunbelt Rentals Holdings, Inc. Common Stock has a consensus rating of “Hold” and a consensus price target of $83.67.

Get Our Latest Report on Sunbelt Rentals Holdings, Inc. Common Stock

About Sunbelt Rentals Holdings, Inc. Common Stock

(Free Report)

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.

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Institutional Ownership by Quarter for Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB)

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