Sunbelt Rentals Holdings, Inc. Common Stock $SUNB Holdings Increased by Ethic Inc.

Ethic Inc. grew its stake in Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) by 50.8% during the third quarter, HoldingsChannel.com reports. The firm owned 43,412 shares of the company’s stock after buying an additional 14,628 shares during the period. Ethic Inc.’s holdings in Sunbelt Rentals Holdings, Inc. Common Stock were worth $3,178,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. StoneX Group Inc. acquired a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the third quarter worth $472,000. Parallel Advisors LLC lifted its stake in Sunbelt Rentals Holdings, Inc. Common Stock by 6.2% in the third quarter. Parallel Advisors LLC now owns 2,774 shares of the company’s stock valued at $203,000 after buying an additional 162 shares during the period. Heritage Family Offices LLP acquired a new position in Sunbelt Rentals Holdings, Inc. Common Stock in the third quarter valued at about $73,000. Alta Advisers Ltd acquired a new position in Sunbelt Rentals Holdings, Inc. Common Stock in the third quarter valued at about $224,000. Finally, Chicago Partners Investment Group LLC bought a new position in Sunbelt Rentals Holdings, Inc. Common Stock during the third quarter worth about $219,000.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Down 0.5%

Shares of Sunbelt Rentals Holdings, Inc. Common Stock stock opened at $81.25 on Wednesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.87 and a current ratio of 0.94. The business has a 50-day moving average of $75.85 and a two-hundred day moving average of $74.81. Sunbelt Rentals Holdings, Inc. Common Stock has a 1 year low of $61.03 and a 1 year high of $86.68.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last released its quarterly earnings data on Wednesday, September 9th. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.19. The business had revenue of $3.12 billion for the quarter. The company’s revenue was up 11.2% on a year-over-year basis. Analysts anticipate 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 firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 18th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, September 18th. This is a negative change from Sunbelt Rentals Holdings, Inc. Common Stock’s previous quarterly dividend of $0.75. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio (DPR) is currently 62.50%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SUNB shares. Sanford C. Bernstein restated an “outperform” rating and set a $97.00 target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Wednesday, September 16th. The Goldman Sachs Group raised Sunbelt Rentals Holdings, Inc. Common Stock from a “neutral” rating to a “buy” rating and upped their price target for the company from $78.00 to $93.00 in a research note on Wednesday, September 16th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $80.00 price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Thursday, September 17th. Bank of America increased their price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $62.00 to $71.00 and gave the company an “underperform” rating in a research report on Thursday, September 10th. Finally, KeyCorp lifted their price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, September 10th. Nine equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Sunbelt Rentals Holdings, Inc. Common Stock currently has an average rating of “Hold” and an average target price of $85.72.

Sunbelt Rentals Holdings, Inc. Common Stock Profile

Sunbelt Rentals Holdings, Inc. provides equipment rental and related services to customers in construction, industrial, commercial, infrastructure, government and other markets. Its offerings include general construction equipment and tools, as well as specialty solutions such as aerial work platforms, climate control, power generation, pumps, trench safety and scaffolding. The company serves customers through a network of rental locations across the United States, Canada, the United Kingdom and Ireland.