Nykredit A S Takes $16.54 Million Position in Sunbelt Rentals Holdings, Inc. Common Stock $SUNB

Nykredit A S acquired a new position in Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNBFree Report) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 225,676 shares of the company’s stock, valued at approximately $16,543,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Live Oak Private Wealth LLC acquired a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter valued at $4,088,000. Legacy Financial Advisors Inc. acquired a new position in Sunbelt Rentals Holdings, Inc. Common Stock during the 2nd quarter valued at about $411,000. Finally, Councilmark Asset Management LLC boosted its stake 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 valued at $750,000 after purchasing an additional 150 shares during the last quarter.

Insiders Place Their Bets

In other Sunbelt Rentals Holdings, Inc. Common Stock news, COO John Washburn sold 3,351 shares of the business’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $70.00, for a total value of $234,570.00. Following the completion of the transaction, the chief operating officer directly owned 72,394 shares of the company’s stock, valued at approximately $5,067,580. The trade was 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 accessible through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Sunbelt Rentals Holdings, Inc. Common Stock Price Performance

Sunbelt Rentals Holdings, Inc. Common Stock stock opened at $68.69 on Friday. The business’s 50 day moving average price is $74.87. Sunbelt Rentals Holdings, Inc. Common Stock has a fifty-two week low of $61.03 and a fifty-two week high of $86.68. The company has a market cap of $28.16 billion and a price-to-earnings ratio of 92.82. The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 0.95.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNBGet Free Report) last issued its earnings results on Tuesday, June 23rd. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. The firm had revenue of $2.75 billion during the quarter. During the same period in the previous year, the firm earned $0.76 earnings per share. As a group, analysts predict that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.18 EPS for the current fiscal year.

Sunbelt Rentals Holdings, Inc. Common Stock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Friday, July 10th. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio (DPR) is presently 405.41%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SUNB. Royal Bank Of Canada upgraded shares of 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 report on Friday, June 19th. Weiss Ratings cut shares of Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Tuesday, June 30th. Sanford C. Bernstein reissued an “outperform” rating and issued a $96.00 price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday, July 21st. Finally, Barclays raised 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 research report on Monday, June 22nd. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $83.67.

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

Sunbelt Rentals Holdings, Inc. Common Stock Company Profile

(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.

See Also

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

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