Sunbelt Rentals Holdings, Inc. Common Stock $SUNB Stock Holdings Reduced by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR cut its holdings in shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) by 97.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,598 shares of the company’s stock after selling 114,348 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Sunbelt Rentals Holdings, Inc. Common Stock were worth $190,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in SUNB. Councilmark Asset Management LLC lifted its holdings 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 during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock by 14.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,631 shares of the company’s stock valued at $119,000 after purchasing an additional 208 shares in the last quarter. Parkside Financial Bank & Trust bought a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the 2nd quarter valued at $25,000. Allworth Financial LP bought a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the 2nd quarter valued at $30,000. Finally, MassMutual Private Wealth & Trust FSB purchased a new position in Sunbelt Rentals Holdings, Inc. Common Stock in the 3rd quarter worth $31,000.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Down 0.8%

Shares of Sunbelt Rentals Holdings, Inc. Common Stock stock opened at $83.62 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.87 and a current ratio of 0.94. Sunbelt Rentals Holdings, Inc. Common Stock has a 52-week low of $61.03 and a 52-week high of $86.68. The company’s 50 day moving average price is $75.01 and its 200-day moving average price is $74.57. The stock has a market capitalization of $34.26 billion and a price-to-earnings ratio of 43.55.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last posted its quarterly earnings results on Wednesday, September 9th. The company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.19. The firm had revenue of $3.12 billion for the quarter. Sunbelt Rentals Holdings, Inc. Common Stock’s revenue for the quarter was up 11.2% compared to the same quarter last year. Equities research analysts forecast 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 company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 18th were given a $0.30 dividend. The ex-dividend date was Friday, September 18th. This is a negative change from Sunbelt Rentals Holdings, Inc. Common Stock’s previous quarterly dividend of $0.75. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.4%. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio is presently 62.50%.

Analyst Ratings Changes

Several research firms have weighed in on SUNB. The Goldman Sachs Group raised shares of Sunbelt Rentals Holdings, Inc. Common Stock from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $78.00 to $93.00 in a research note on Wednesday, September 16th. JPMorgan Chase & Co. raised their price objective on Sunbelt Rentals Holdings, Inc. Common Stock from $71.00 to $79.00 and gave the company an “underweight” rating in a research note on Thursday, September 10th. KeyCorp lifted their price objective 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. Sanford C. Bernstein reiterated an “outperform” rating and issued a $97.00 price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Wednesday, September 16th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $80.00 target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Thursday, September 17th. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Sunbelt Rentals Holdings, Inc. Common Stock currently has a consensus rating of “Hold” and an average target price of $87.33.

Sunbelt Rentals Holdings, Inc. Common Stock Company Profile

Sunbelt Rentals Holdings, Inc is an equipment rental company that provides construction, industrial, commercial and specialty equipment to businesses, government agencies and consumers. Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling machinery, general tools, power-generation and climate-control equipment, pumps, trench-safety products, traffic and safety equipment, and temporary structures.

The company supports a range of applications, including construction and infrastructure projects, industrial maintenance, facility management, disaster response, utilities, entertainment and events.